Saudi Arabia Retail Market 2025 Edition: Industry Size, Share, Growth and Competitor Analysis

Saudi Arabia Retail Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 4.2% (2025-2033)

The retail market in Saudi Arabia is growing fast. This growth is due to a rising population, more consumer spending, and a strong shift to digital and e-commerce. According to the latest report by IMARC Group, The Saudi Arabia retail market size reached USD 270.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 408.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033.

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Saudi Arabia Retail Industry Trends and Drivers:

The retail market in Saudi Arabia is changing rapidly. This shift is driven by new consumer preferences and economic diversification plans. A major trend is the fast growth of e-commerce. More people are shopping online due to better internet access, more smartphones, and lifestyle changes. Traditional retailers are adapting by adding online channels and improving their digital presence. They aim to provide smooth omnichannel experiences. Government efforts to boost the digital economy and support online transactions are also speeding up this change. Another important trend is the rise of experiential retail. Consumers want more than just products; they seek engaging shopping experiences. Retailers are responding by creating new store concepts that include entertainment and personalized services. This trend is clear in the development of large malls and entertainment complexes that mix shopping with leisure activities.

Several factors are driving retail market growth in Saudi Arabia. One key factor is the young, wealthy population. This group is tech-savvy, brand-conscious, and eager to buy goods. Rising disposable incomes and changing lifestyles increase demand for luxury items, fashion, and electronics. Another important driver is the government's Vision 2030 program. This initiative aims to diversify the economy from oil and boost sectors like retail and tourism. The government invests heavily in infrastructure projects. These projects include new cities, entertainment venues, and transportation networks, creating more retail opportunities. Additionally, more women are joining the workforce, which helps market growth. As more women work, their purchasing power rises. This leads to increased spending on various consumer goods and services.

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Saudi Arabia Retail Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

● Food and Beverages
● Personal and Household Care
● Apparel, Footwear and Accessories
● Furniture, Toys and Hobby
● Electronic and Household Appliances
● Others

Distribution Channel Insights:

● Supermarkets and Hypermarkets
● Convenience Stores
● Specialty Stores
● Online Stores
● Others

Regional Insights:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.