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growing from $ 112.9 billion in 2018 to $ 159 billion by 2024

Saudi Arabia Retail Market By Distribution Channel (Hypermarket, Online Retail, Exclusive Stores, Specialty Retailers, Supermarket & Others), By Product Category (Food & Beverages, Apparel & Footwear, Appliances & others), Competition, Forecast & Opportunities, 2024

New York, March 04, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Saudi Arabia Retail Market By Distribution Channel, By Product Category, Competition, Forecast & Opportunities, 2024" - https://www.reportlinker.com/p05793308/?utm_source=GNW

Saudi Arabia retail market is projected to exhibit a CAGR of around 6% during the forecast period of 2019-2024, growing from $ 112.9 billion in 2018 to $ 159 billion by 2024, on account of increasing personal disposable income, change in consumption pattern from staple food towards healthier food, and shifting focus from dependency on fuel to other sectors.
In terms of product category, Saudi Arabia retail market has been categorized into food & beverages, apparel & footwear, appliances, jewelry, pharmacy and others.Of these, food & beverages category accounted for a nearly one-third market share in 2018 and the segment is anticipated to maintain its market dominance during the forecast period as well, backed by the widespread shift in pattern from staple food towards healthier, value-added alternatives.

Saudi Arabia retail market has been segmented into central, west, east, south and north regions.Among these regions, Central region is the largest demand generating region in the country’s retail market, due to strong presence of key market players in the region.

Riyadh, the capital of Saudi Arabia, which is present in Central region, has seen significant transformation than other cities of regions. Riyadh has become the central hub for new technologies and latest creations.
Saudi Arabia retail market is fragmented in nature due to the presence of several companies.Approval and commercialization of various products and expanding geographical reach are major strategies adopted by industry participants to enhance their market share.

Some of the major players operating in Saudi Arabia retail market are Panda Retail Co (Savola Group), Lulu Group International (EMKE Group), Abdullah Al Othaim Markets Co., Fawaz Abdulaziz AlHokair Co., Majid Al Futtaim Retail LLC, among others.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast Saudi Arabia retail market size.
• To classify and forecast Saudi Arabia retail market based on distribution channel, product category and regional distribution.
• To identify drivers and challenges for Saudi Arabia retail market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia retail market.
• To conduct the pricing analysis for Saudi Arabia retail market.
• To identify and analyze the profile of leading players operating in Saudi Arabia retail Market.
Some of the major players operating in Saudi Arabia retail market are Panda Retail Co (Savola Group), Lulu Group International (EMKE Group), Abdullah Al Othaim Markets Co., Fawaz Abdulaziz AlHokair Co., Majid Al Futtaim Retail LLC, among others.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of retailers across the country.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the retailers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, sales channels and presence of all major retailers across the country.
The analyst calculated Saudi Arabia retail market size by using a top-down approach, wherein data for various application across various segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product categories for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Retailers, suppliers, distributors and other stakeholders
• Potential investors
• Organizations, forums and alliances related to retail market
• Research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia retail market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Distribution Channel:
o Exclusive Stores
o Hypermarket
o Supermarket
o Specialty Retailers
o Online Retail
o Others
• Market, by Product Category:
o Food & Beverages
o Apparel & Footwear
o Appliances
o Jewelry
o Pharmacy
o Others
• Market, by Region:
o Central
o West
o East
o South
o North

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia retail market.

Available Customizations
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05793308/?utm_source=GNW

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