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Food Retail Market in Saudi Arabia 2016-2020

  • Published: Jun 2016
  • Pages: 65
  • SKU: IRTNTR9558
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This market research report presents a detailed segmentation of the food retail market in Saudi Arabia by product (cereals, fruits and vegetables, dairy, meat, and others) and by distribution channels (supermarkets and hypermarkets, convenience stores, discount stores, and co-operatives). The market research analysis also outlines the market share of the leading vendors including Carrefour, NESTO, Othaim, Panda, and Tamimi.

 

Overview of the food retail market in Saudi Arabia

Technavio’s market research analyst predicts the food retail market in Saudi Arabia to grow at a CAGR of around 5% by 2020. Saudi Arabia accounts for around 51% of the total food retail sales in the GCC region, thanks to the rising population and the increasing disposable income of people in the country. The food retail outlets in Saudi Arabia carry a broad range of options for consumers such as domestically processed foods, imported specialty food products, and organic food products. Consumers prefer to shop at supermarkets and hypermarkets as these food stores also provide an outing for families. The retailers in the food market are trying to increase their stores to gain more market share and consumer segments. With the rise in the influx of tourists in the country because of Mecca, the demand for packaged food in this region will see tremendous growth in the coming years.

One of the latest trends gaining prominence in the food retail market in Saudi Arabia is the increasing use of private-label brands. Most Saudi supermarkets have their private-label brands. The Saudi importers purchase food products under their brand names and pack those products locally using their label. Private-label brands with Arabic sounding brand names are more appealing to Saudis and other Arabs in the country. For instance, one of the largest importers in Saudi Arabia uses the Arabic sounding brand name Al-Alali for its products to appeal to Saudi nationals.

Segmentation by product and analysis of the food retail market in Saudi Arabia

  • Cereals
  • Fruits and vegetables
  • Dairy
  • Meat

The cereals segment will continue its dominance in the market during the forecast period and is expected to occupy more than 49% of the total market revenue by 2020. The growing population and surge in urbanization are driving the demand for cereals, especially breakfast cereals, among consumers. Factors such as the rising women population and growing demand for convenient products that can be consumed on-the-go are expected to boost the growth of this segment during the forecast period.

Segmentation by distribution channel and analysis of the food retail market in Saudi Arabia

  • Supermarkets and hypermarkets
  • Convenience stores
  • Discount stores
  • Co-operatives

Supermarkets and hypermarkets are the main channels of distribution of food products in Saudi Arabia and accounted for more than 56% of the total market share in 2015. Saudi Arabian supermarkets and hypermarkets chains import their products such as cheese products, nuts, fresh fruit, condiments and sauces, cereals, ketchup, fruit juices, and vegetables from the North American and European countries. The growing entertainment facilities in these hypermarkets are improving the shopping experience of customers, thereby leading to frequent shopping trips to these places.

Competitive landscape and key vendors

The market is dynamic with the presence of a vast number of players and is dominated by modern retail chains such as supermarkets and hypermarkets. The Saudi Arabian retailers are constantly searching for new products and are focusing towards product promotion and advertising of those products. Vendors in the market are aiming for better market positions through competitive pricing, weekly promotional offers, and by offering advertisement support to the customers.

Key vendors in the market are -

  • Carrefour
  • NESTO
  • Othaim
  • Panda
  • Tamimi

Other prominent vendors in the food retail market in Saudi Arabia include Al Raya Supermarkets, Al Sadhan Supermarkets, Balsharaf Supermarkets, Bin Dawood Supermarkets, Farm Supermarkets, Lulu Hypermarket, Manual Hypermarket, Marhaba Supermarkets, Sarawat Supermarkets, and Star Hypermarkets.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the food retail market in Saudi Arabia?
  • What are the key market trends impacting the growth of the food retail market in Saudi Arabia?
  • What are the challenges to market growth?
  • Who are the key vendors in the food retail market in Saudi Arabia?
  • What are the market opportunities and threats faced by the vendors in the food retail market in Saudi Arabia?
  • Trending factors influencing the market shares of the Saudi Arabian region.
  • What are the key outcomes of the five forces analysis of the food retail market in Saudi Arabia?

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Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Country overview
  • Market overview
  • Global food retail market
  • Overview of food retail sales in GCC
  • Food retail market in Saudi Arabia
  • Packaged food market in Saudi Arabia
  • Five forces analysis

PART 06: Market segmentation  by product

  • Cereals market in Saudi Arabia
  • Fruits and vegetables market in Saudi Arabia
  • Dairy market in Saudi Arabia
  • Meat market in Saudi Arabia
  • Other foods market in Saudi Arabia

PART 07: Market segmentation by distribution channel

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive scenario
  • Carrefour
  • NESTO
  • Othaim Markets
  • Panda United
  • Tamimi Markets
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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