Food Retail in Saudi Arabia Market Overview, Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints to 2020
Food Retail in Saudi Arabia Market Research Report covers the present scenario and the growth prospects of the Food Retail in Saudi Arabia industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of Food Retail in Saudi Arabia globally. Food Retail in Saudi Arabia Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market.
The Food Retail in Saudi Arabia Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the Food Retail in Saudi Arabia industry.
Industry experts forecast the global Food Retail in Saudi Arabia market to grow at a CAGR of 4.9% during the period 2016-2020
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Following companies as the key players in the Food Retail in Saudi Arabia market: Carrefour, NESTO, Othaim Markets, Panda United, and Tamimi Markets.
Other Prominent Vendors in the Food Retail in Saudi Arabia market are: Al Raya Supermarkets, Al Sadhan Supermarkets, Balsharaf Supermarkets, Bin Dawood Supermarkets, Farm Supermarkets, Lulu Hypermarket, Manual Hypermarket, Marhaba Supermarkets, Sarawat Supermarkets, and Star Hypermarkets.
“A trend which is helping to boost Food Retail in Saudi Arabia market growth is the increasing imports of food products. It is estimated that Saudi Arabia is importing about 80% of its food requirements, worth about $24 billion, from foreign countries. For religious reasons, all food products imported to Saudi Arabia must be certified halal and also Saudi Arabia bans the import of alcoholic beverages, pork meat, and food ingredients or additives that contain pork products, including pork fat, gelatin, and lard.”
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According to the Food Retail in Saudi Arabia market report, a key growth driver is the increase in number of retail outlets. Food retailers are trying to increase their store numbers so as to gain more market share and also access more consumer segments. Panda supermarket chain plans to increase its number of stores to 250 by 2020 from the current number of 240. Al Sadhan Supermarkets plans to increase its number of stores by 18 in the next 10 years. Also, Carrefour plans to increase its number of stores to 20 from 14 during the forecast period.
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Further, the Food Retail in Saudi Arabia market report states that one challenge that could restrict market growth is Nitaqat Law. One of the main challenges faced by the market is the lack of experienced human personnel due to the Nitaqat law implemented by the Saudi Arabian government. The Nitaqat law was implemented by the government to replace foreign workers with Saudi nationals in the private sector.
Key questions answered in Food Retail in Saudi Arabia market report:
- What will the Food Retail in Saudi Arabia market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving Food Retail in Saudi Arabia market?
- What are the challenges to Food Retail in Saudi Arabia market growth?
- Who are the key vendors in Food Retail in Saudi Arabia market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Number of Pages: 65
Price of Report: $2500 (Single User License)
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