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Retail Market in Saudi Arabia 2024-2028

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    Report

  • 125 Pages
  • January 2024
  • Region: Saudi Arabia
  • TechNavio
  • ID: 5933110
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The retail market in Saudi Arabia is forecasted to grow by USD 54.46 bn during 2023-2028, accelerating at a CAGR of 6.42% during the forecast period. The report on the retail market in Saudi Arabia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by economic diversification under vision 2030, rising consumer spending power, and growth in tourism sector in Saudi Arabia.

The retail market in Saudi Arabia is segmented as below:

By Type

  • Non-food retail
  • Food retail

By Distribution Channel

  • Bakalas
  • Super markets
  • Hyper markets
  • Online
This study identifies the integration of technology in retail sector as one of the prime reasons driving the retail market in Saudi Arabia growth during the next few years. Also, growing emphasis on sustainable retail and increasing adoption of omnichannel retailing will lead to sizable demand in the market.

The report on the retail market in Saudi Arabia covers the following areas:

  • Retail market in Saudi Arabia sizing
  • Retail market in Saudi Arabia forecast
  • Retail market in Saudi Arabia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in Saudi Arabia vendors that include Abdullah Al Othaim Markets Co., AL SADHAN, Ali Hassan Al Dahan and Partner Co. Ltd., Arabian Stores Co. Ltd., Azadea Group, Balsharaf Group, Bindawood Holding, Cenomi Retail, CHALHOUB GROUP, Jarir Marketing Co., Lulu Group International, M. H. Alshaya Co. WLL, Majid Al Futtaim Holding LLC, Manuel Supermarket, Nahdi Medical Co., SACO, Saudi Marketing Co., Savola Group, Tamimi Markets, and Virgin Red Ltd.. Also, the retail market in Saudi Arabia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 11: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibit 12: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Chart on Saudi Arabia: Year-over-year growth 2023-2028 (%)
Exhibit 14: Data Table on Saudi Arabia: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Retail market in Saudi Arabia 2018 - 2022
Exhibit 15: Historic Market Size - Data Table on retail market in saudi Arabia 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 16: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Exhibit 25: Chart on Type - Market share 2023-2028 (%)
Exhibit 26: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
6.3 Non-food retail - Market size and forecast 2023-2028
Exhibit 29: Chart on Non-food retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 30: Data Table on Non-food retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 31: Chart on Non-food retail - Year-over-year growth 2023-2028 (%)
Exhibit 32: Data Table on Non-food retail - Year-over-year growth 2023-2028 (%)
6.4 Food retail - Market size and forecast 2023-2028
Exhibit 33: Chart on Food retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 34: Data Table on Food retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Chart on Food retail - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Food retail - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ billion)
Exhibit 38: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Exhibit 39: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 40: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 41: Chart on Comparison by Distribution Channel
Exhibit 42: Data Table on Comparison by Distribution Channel
7.3 Bakalas - Market size and forecast 2023-2028
Exhibit 43: Chart on Bakalas - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Data Table on Bakalas - Market size and forecast 2023-2028 ($ billion)
Exhibit 45: Chart on Bakalas - Year-over-year growth 2023-2028 (%)
Exhibit 46: Data Table on Bakalas - Year-over-year growth 2023-2028 (%)
7.4 Super markets - Market size and forecast 2023-2028
Exhibit 47: Chart on Super markets - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Data Table on Super markets - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Chart on Super markets - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Super markets - Year-over-year growth 2023-2028 (%)
7.5 Hyper markets - Market size and forecast 2023-2028
Exhibit 51: Chart on Hyper markets - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Data Table on Hyper markets - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Chart on Hyper markets - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Hyper markets - Year-over-year growth 2023-2028 (%)
7.6 Online - Market size and forecast 2023-2028
Exhibit 55: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 56: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 58: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Distribution Channel
Exhibit 59: Market opportunity by Distribution Channel ($ billion)
Exhibit 60: Data Table on Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 62: Impact of drivers and challenges in 2023 and 2028
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 63: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 64: Overview on factors of disruption
10.4 Industry risks
Exhibit 65: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 66: Vendors covered
11.2 Market positioning of vendors
Exhibit 67: Matrix on vendor position and classification
11.3 Abdullah Al Othaim Markets Co.
Exhibit 68: Abdullah Al Othaim Markets Co. - Overview
Exhibit 69: Abdullah Al Othaim Markets Co. - Business segments
Exhibit 70: Abdullah Al Othaim Markets Co. - Key offerings
Exhibit 71: Abdullah Al Othaim Markets Co. - Segment focus
11.4 AL SADHAN
Exhibit 72: AL SADHAN - Overview
Exhibit 73: AL SADHAN - Product/Service
Exhibit 74: AL SADHAN - Key offerings
11.5 Ali Hassan Al Dahan and Partner Co. Ltd.
Exhibit 75: Ali Hassan Al Dahan and Partner Co. Ltd. - Overview
Exhibit 76: Ali Hassan Al Dahan and Partner Co. Ltd. - Product/Service
Exhibit 77: Ali Hassan Al Dahan and Partner Co. Ltd. - Key offerings
11.6 Azadea Group
Exhibit 78: Azadea Group - Overview
Exhibit 79: Azadea Group - Product/Service
Exhibit 80: Azadea Group - Key offerings
11.7 Balsharaf Group
Exhibit 81: Balsharaf Group - Overview
Exhibit 82: Balsharaf Group - Product/Service
Exhibit 83: Balsharaf Group - Key offerings
11.8 Bindawood Holding
Exhibit 84: Bindawood Holding - Overview
Exhibit 85: Bindawood Holding - Product/Service
Exhibit 86: Bindawood Holding - Key offerings
11.9 Cenomi Retail
Exhibit 87: Cenomi Retail - Overview
Exhibit 88: Cenomi Retail - Business segments
Exhibit 89: Cenomi Retail - Key offerings
Exhibit 90: Cenomi Retail - Segment focus
11.10 CHALHOUB GROUP
Exhibit 91: CHALHOUB GROUP - Overview
Exhibit 92: CHALHOUB GROUP - Product/Service
Exhibit 93: CHALHOUB GROUP - Key offerings
11.11 Jarir Marketing Co.
Exhibit 94: Jarir Marketing Co. - Overview
Exhibit 95: Jarir Marketing Co. - Product/Service
Exhibit 96: Jarir Marketing Co. - Key offerings
11.12 Lulu Group International
Exhibit 97: Lulu Group International - Overview
Exhibit 98: Lulu Group International - Product/Service
Exhibit 99: Lulu Group International - Key offerings
11.13 M. H. Alshaya Co. WLL
Exhibit 100: M. H. Alshaya Co. WLL - Overview
Exhibit 101: M. H. Alshaya Co. WLL - Product/Service
Exhibit 102: M. H. Alshaya Co. WLL - Key offerings
11.14 Majid Al Futtaim Holding LLC
Exhibit 103: Majid Al Futtaim Holding LLC - Overview
Exhibit 104: Majid Al Futtaim Holding LLC - Business segments
Exhibit 105: Majid Al Futtaim Holding LLC - Key offerings
Exhibit 106: Majid Al Futtaim Holding LLC - Segment focus
11.15 Nahdi Medical Co.
Exhibit 107: Nahdi Medical Co. - Overview
Exhibit 108: Nahdi Medical Co. - Business segments
Exhibit 109: Nahdi Medical Co. - Key offerings
Exhibit 110: Nahdi Medical Co. - Segment focus
11.16 Savola Group
Exhibit 111: Savola Group - Overview
Exhibit 112: Savola Group - Product/Service
Exhibit 113: Savola Group - Key offerings
11.17 Tamimi Markets
Exhibit 114: Tamimi Markets - Overview
Exhibit 115: Tamimi Markets - Product/Service
Exhibit 116: Tamimi Markets - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 117: Inclusions checklist
Exhibit 118: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 119: Currency conversion rates for US$
12.4 Research methodology
Exhibit 120: Research methodology
Exhibit 121: Validation techniques employed for market sizing
Exhibit 122: Information sources
12.5 List of abbreviations
Exhibit 123: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibits 12: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibits 13: Chart on Saudi Arabia: Year-over-year growth 2023-2028 (%)
Exhibits 14: Data Table on Saudi Arabia: Year-over-year growth 2023-2028 (%)
Exhibits 15: Historic Market Size - Data Table on retail market in saudi Arabia 2018 - 2022 ($ billion)
Exhibits 16: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 17: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
Exhibits 18: Five forces analysis - Comparison between 2023 and 2028
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 21: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 22: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 24: Chart on Market condition - Five forces 2023 and 2028
Exhibits 25: Chart on Type - Market share 2023-2028 (%)
Exhibits 26: Data Table on Type - Market share 2023-2028 (%)
Exhibits 27: Chart on Comparison by Type
Exhibits 28: Data Table on Comparison by Type
Exhibits 29: Chart on Non-food retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 30: Data Table on Non-food retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 31: Chart on Non-food retail - Year-over-year growth 2023-2028 (%)
Exhibits 32: Data Table on Non-food retail - Year-over-year growth 2023-2028 (%)
Exhibits 33: Chart on Food retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 34: Data Table on Food retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Chart on Food retail - Year-over-year growth 2023-2028 (%)
Exhibits 36: Data Table on Food retail - Year-over-year growth 2023-2028 (%)
Exhibits 37: Market opportunity by Type ($ billion)
Exhibits 38: Data Table on Market opportunity by Type ($ billion)
Exhibits 39: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 40: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 41: Chart on Comparison by Distribution Channel
Exhibits 42: Data Table on Comparison by Distribution Channel
Exhibits 43: Chart on Bakalas - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Data Table on Bakalas - Market size and forecast 2023-2028 ($ billion)
Exhibits 45: Chart on Bakalas - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Bakalas - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Super markets - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Data Table on Super markets - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Chart on Super markets - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Super markets - Year-over-year growth 2023-2028 (%)
Exhibits 51: Chart on Hyper markets - Market size and forecast 2023-2028 ($ billion)
Exhibits 52: Data Table on Hyper markets - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Chart on Hyper markets - Year-over-year growth 2023-2028 (%)
Exhibits 54: Data Table on Hyper markets - Year-over-year growth 2023-2028 (%)
Exhibits 55: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 56: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibits 57: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 58: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 59: Market opportunity by Distribution Channel ($ billion)
Exhibits 60: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 62: Impact of drivers and challenges in 2023 and 2028
Exhibits 63: Overview on Criticality of inputs and Factors of differentiation
Exhibits 64: Overview on factors of disruption
Exhibits 65: Impact of key risks on business
Exhibits 66: Vendors covered
Exhibits 67: Matrix on vendor position and classification
Exhibits 68: Abdullah Al Othaim Markets Co. - Overview
Exhibits 69: Abdullah Al Othaim Markets Co. - Business segments
Exhibits 70: Abdullah Al Othaim Markets Co. - Key offerings
Exhibits 71: Abdullah Al Othaim Markets Co. - Segment focus
Exhibits 72: AL SADHAN - Overview
Exhibits 73: AL SADHAN - Product/Service
Exhibits 74: AL SADHAN - Key offerings
Exhibits 75: Ali Hassan Al Dahan and Partner Co. Ltd. - Overview
Exhibits 76: Ali Hassan Al Dahan and Partner Co. Ltd. - Product/Service
Exhibits 77: Ali Hassan Al Dahan and Partner Co. Ltd. - Key offerings
Exhibits 78: Azadea Group - Overview
Exhibits 79: Azadea Group - Product/Service
Exhibits 80: Azadea Group - Key offerings
Exhibits 81: Balsharaf Group - Overview
Exhibits 82: Balsharaf Group - Product/Service
Exhibits 83: Balsharaf Group - Key offerings
Exhibits 84: Bindawood Holding - Overview
Exhibits 85: Bindawood Holding - Product/Service
Exhibits 86: Bindawood Holding - Key offerings
Exhibits 87: Cenomi Retail - Overview
Exhibits 88: Cenomi Retail - Business segments
Exhibits 89: Cenomi Retail - Key offerings
Exhibits 90: Cenomi Retail - Segment focus
Exhibits 91: CHALHOUB GROUP - Overview
Exhibits 92: CHALHOUB GROUP - Product/Service
Exhibits 93: CHALHOUB GROUP - Key offerings
Exhibits 94: Jarir Marketing Co. - Overview
Exhibits 95: Jarir Marketing Co. - Product/Service
Exhibits 96: Jarir Marketing Co. - Key offerings
Exhibits 97: Lulu Group International - Overview
Exhibits 98: Lulu Group International - Product/Service
Exhibits 99: Lulu Group International - Key offerings
Exhibits 100: M. H. Alshaya Co. WLL - Overview
Exhibits 101: M. H. Alshaya Co. WLL - Product/Service
Exhibits 102: M. H. Alshaya Co. WLL - Key offerings
Exhibits 103: Majid Al Futtaim Holding LLC - Overview
Exhibits 104: Majid Al Futtaim Holding LLC - Business segments
Exhibits 105: Majid Al Futtaim Holding LLC - Key offerings
Exhibits 106: Majid Al Futtaim Holding LLC - Segment focus
Exhibits 107: Nahdi Medical Co. - Overview
Exhibits 108: Nahdi Medical Co. - Business segments
Exhibits 109: Nahdi Medical Co. - Key offerings
Exhibits 110: Nahdi Medical Co. - Segment focus
Exhibits 111: Savola Group - Overview
Exhibits 112: Savola Group - Product/Service
Exhibits 113: Savola Group - Key offerings
Exhibits 114: Tamimi Markets - Overview
Exhibits 115: Tamimi Markets - Product/Service
Exhibits 116: Tamimi Markets - Key offerings
Exhibits 117: Inclusions checklist
Exhibits 118: Exclusions checklist
Exhibits 119: Currency conversion rates for US$
Exhibits 120: Research methodology
Exhibits 121: Validation techniques employed for market sizing
Exhibits 122: Information sources
Exhibits 123: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the retail market in Saudi Arabia: Abdullah Al Othaim Markets Co., AL SADHAN, Ali Hassan Al Dahan and Partner Co. Ltd., Arabian Stores Co. Ltd., Azadea Group, Balsharaf Group, Bindawood Holding, Cenomi Retail, CHALHOUB GROUP, Jarir Marketing Co., Lulu Group International, M. H. Alshaya Co. WLL, Majid Al Futtaim Holding LLC, Manuel Supermarket, Nahdi Medical Co., SACO, Saudi Marketing Co., Savola Group, Tamimi Markets, and Virgin Red Ltd..

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is integration of technology in retail sector.'

According to the report, one of the major drivers for this market is the economic diversification under vision 2030.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abdullah Al Othaim Markets Co.
  • AL SADHAN
  • Ali Hassan Al Dahan and Partner Co. Ltd.
  • Arabian Stores Co. Ltd.
  • Azadea Group
  • Balsharaf Group
  • Bindawood Holding
  • Cenomi Retail
  • CHALHOUB GROUP
  • Jarir Marketing Co.
  • Lulu Group International
  • M. H. Alshaya Co. WLL
  • Majid Al Futtaim Holding LLC
  • Manuel Supermarket
  • Nahdi Medical Co.
  • SACO
  • Saudi Marketing Co.
  • Savola Group
  • Tamimi Markets
  • Virgin Red Ltd.