PROSPECTS AND OPPORTUNITIES
Government investment in infrastructure will lead to hypermarket expansion
With Saudi Arabia’s Vision 2030 driving urban and commercial development, such initiatives will continue to support the expansion of hypermarkets across new residential, urban, and tourism hubs. A notable development is Qiddiya, an emerging city set to become Saudi Arabia’s new entertainment hub when it opens in 2029.
Spinneys is likely to intensify competition in the premium segment
Spinneys, one of the leading UAE-based premium fresh food retailers, has opened its first store in Saudi Arabia, located in the La Strada Yard development in Riyadh. This store is part of a broader expansion plan, with three more stores set to open in Riyadh and Jeddah in 2024, and a total of 12 stores expected by 2028.
Innovation will remain centred on digitalisation
Digitalisation is expected to remain the primary source of innovation during the forecast period, improving operating efficiency and addressing the demands of Saudi’s affluent consumer base. In line with this trend, Bin Dawood Group has announced plans to invest US$390 million in robotics and delivery hubs, with selling spaces ranging between 30,000-50,000 sqm, set to operate as mega stores.
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Overview:
Understand the latest market trends and future growth opportunities for the Hypermarkets industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hypermarkets industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hypermarkets in Saudi Arabia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hypermarkets in Saudi Arabia?
- Which are the leading retailers in Hypermarkets in Saudi Arabia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Hypermarkets in Saudi Arabia - Category analysis
KEY DATA FINDINGS
Hypermarkets experience strong growth in 2024
Panda Retail Co retains lead despite more intense competition
Digitalisation continues to transform operating environments
Government investment in infrastructure will lead to hypermarket expansion
Spinneys is likely to intensify competition in the premium segment
Innovation will remain centred on digitalisation
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
DISCLAIMER
Hypermarkets
Hypermarkets are chained or independent retail outlets with a selling space of over 2,500 square metres and with a focus on selling both grocery and non-grocery merchandise. Hypermarkets are frequently located on out-of-town sites with large parking lots or as the anchor store in a shopping centre. Example brands include Carrefour, E Leclerc, and Walmart Supercenter.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hypermarkets research and analysis database.
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