Saudi Arabia Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027
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Saudi Arabia Retail Market Report Overview
The Saudi Arabia retail market size was SAR 581.3 billion in 2022. The market is expected to grow at a CAGR of more than 4% during 2022-2027. The Saudi Arabia retail market research report provides both historic and forecast market data for total retail sales in the country.
Saudi Arabia Retail Market Outlook, 2022 – 2027 (SAR Billion)
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The Saudi Arabia retail market report illustrates the value trends to help understand the market better. The report includes individual sector details in overall retail to help retailers gain a competitive edge. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | SAR 581.3 billion |
CAGR (2022-2027) | >4% |
Historical Period | 2017-2021 |
Forecast Period | 2022-2027 |
Key Sectors | · Food & Grocery
· Clothing & Footwear · Home · Electricals · Health & Beauty |
Key Distribution Channels | · Hypermarkets, Supermarkets & Hard Discounters
· Food and Drinks Specialists · Other specialist retail · Convenience Stores (Including Independents) and Gas Stations · Online · Clothing, Footwear, and Accessories Specialists · Drug Stores and Health & Beauty Stores |
Leading Retailers | · Max
· Splash · Abdullah AlOthaim Supermarket · Panda · Jarir · Al Naghi · Al Nahdi · Al-Dawaa Pharmacies · Home Centre · Ikea |
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Saudi Arabia Retail Market by Sectors
The key sectors in the Saudi Arabia retail market are food & grocery, clothing & footwear, home, electricals, and health & beauty, among others. Food & grocery had the highest value share in 2022. The sector can be further categorized into food, drinks, household products, and tobacco. Food accounted for the highest market share of the food & grocery category in the Saudi Arabia retail market in 2022. Moreover, clothing & footwear has the highest growth rate during the forecast period.
Saudi Arabia Retail Market Analysis by Sectors, 2022 (%)
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Saudi Arabia Retail Market Segmentation by Distribution Channels
A few of the key distribution channels in the Saudi Arabia retail market are hypermarkets, supermarkets & hard discounters; food and drinks specialists; other specialist retail; convenience stores (including independents) and gas stations; online; clothing, footwear, and accessories specialists; and drug stores and health & beauty stores, among others. Hypermarkets, supermarkets & hard discounters had the highest value share in 2022.
Saudi Arabia Retail Market Analysis by Distribution Channels, 2022 (%)
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Saudi Arabia Retail Market - Competitive Landscape
A few of the leading retailers in the Saudi Arabian retail market are Max, Splash, Abdullah AlOthaim Supermarket, Panda, Jarir, Al Naghi, Al Nahdi, Al-Dawaa Pharmacies, Home Centre, and Ikea.
Saudi Arabia Retail Market Analysis by Retailers, 2022
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Segments Covered in the Report
Saudi Arabia Retail Market Sectors Outlook (Value, SAR Billion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
Saudi Arabia Retail Market Distribution Channels Outlook (Value, SAR Billion, 2017-2027)
- Hypermarkets, Supermarkets & Hard Discounters
- Food and Drinks Specialists
- Other specialist retail
- Convenience Stores (Including Independents) and Gas Stations
- Online
- Clothing, Footwear, and Accessories Specialists
- Drug Stores and Health & Beauty Stores
Key Highlights
- Food & Grocery is the dominating sector in 2022 but clothing & footwear is the fastest growing sector.
- Hypermarkets, supermarkets, and hard discounters is the leading channel, but online channel is expected to see the maximum growth during the forecast period.
- The Saudi Arabia retail industry is dominated by mass-market players.
Reasons to Buy
- Gain a comprehensive view of the Saudi Arabia retail industry and forecasts to 2027
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in Saudi Arabia
- Investigate current and forecast trends in the Saudi Arabian retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
Splash
Abdullah AlOthaim Supermarket
Panda
Jarir
Al Naghi
Al Nahdi
Al-Dawaa pharmacies
Home Centre
IKEA
Table of Contents
Frequently asked questions
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What was the Saudi Arabia retail market size in 2022?
The retail market size in Saudi Arabia was SAR 581.3 billion in 2022.
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What is the Saudi Arabia retail market growth rate?
The retail market in Saudi Arabia is expected to grow at a CAGR of more than 4% during 2022-2027.
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Which was the leading sector in the Saudi Arabia retail market in 2022?
Food & grocery was the leading sector in the Saudi Arabian retail market in 2022.
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Which was the leading distribution channel in the Saudi Arabia retail market in 2022?
Hypermarkets, supermarkets & hard discounters was the leading distribution channel in the Saudi Arabian retail market in 2022.
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Which are the leading retailers in the Saudi Arabian retail market?
Some of the leading retailers in the Saudi Arabian retail market are Max, Splash, Abdullah AlOthaim Supermarket, Panda, Jarir, Al Naghi, Al Nahdi, Al-Dawaa Pharmacies, Home Centre, and Ikea.
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