Latest News- Food Retail Market in Saudi Arabia: Offline is expected to lead the End-user segment during 2025-2029

The Food Retail Market in Saudi Arabia is being driven by Expansion of hypermarkets and supermarkets in Saudi Arabia

The Food Retail Market in Saudi Arabia is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18049.4 million. The food retail sector in Saudi Arabia is undergoing digital transformation, driven by technological advancements, shifting consumer preferences, and government initiatives. Food retailers are responding by implementing online ordering and delivery services, enabling customers to place orders via mobile apps or websites. Delivery services have surged in popularity, providing consumers with the convenience of shopping from home. Innovative technologies, such as IoT sensors, RFID tags, and AI-powered analytics, are being integrated into food retail stores to boost operational efficiency, ensure product quality, and enhance the customer experience. These advancements are revolutionizing the food retail industry in Saudi Arabia. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Offline
  • Online
• Packaging
  • Flexible
  • Semi-rigid
  • Rigid
• Geography
  • Saudi Arabia

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Expansion of hypermarkets and supermarkets in Saudi Arabia
• Growing e-commerce industry in Saudi Arabia
• Increasing investment in food industry in Saudi Arabia

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on food products in Saudi Arabia
• Changing consumer preferences in Saudi Arabia
• Economic uncertainty strains food retail market

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Market Scope in Food Retail Market in Saudi Arabia Research Report

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Research Analysis Overview

The Food Retail Market in Saudi Arabia is witnessing a shift towards online-grocery sales due to consumer polarization. Supermarkets like Whole Foods adopt delivery models such as curbside pickup and direct-to-door to cater to this trend. The Food cupboard segment and beverages sector are thriving in the online delivery channel. Advanced technologies, sustainable practices, and strategic acquisitions are key focus areas for grocery CEOs like Bill Aull. Hema stores leverage partner merchandising and category management strategies. Senior partners in consumer tech and store operations use advanced analytics to understand consumer behavior, prices, and budgets. Generation Z consumers and millennials prioritize healthier foods, sustainability, and e-commerce. Environmental regulations are shaping the market. Research and surveys indicate value-conscious shoppers seek affordable yet high-quality products. The US market serves as a benchmark, with supermarkets adopting e-commerce and economic recovery strategies.

Market Research Overview

The Food Retail Market in Saudi Arabia is experiencing significant growth, particularly in the online grocery sector. Consumer behavior is becoming increasingly polarized towards convenience and flexibility, leading to the surge in popularity of online grocery sales and delivery models. Supermarkets, such as Whole Foods, are adapting to this trend by implementing curbside pickup and delivery services. The global broadline retail market, which encompasses revenue from companies providing retail services including online retailers and marketplaces, is expected to grow due to the increasing adoption of advanced mobile devices and high Internet penetration, enabling consumers to access on-demand products and services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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