Middle East & Africa Food and Grocery Retail Market Size, Competitive Analysis, Share, Forecast- 2020-2026


Posted November 3, 2020 by preeti18

The Middle East & Africa food and grocery retail market is anticipated to grow at a CAGR of 5.0% during the forecast period.
 
The Middle East & Africa food and grocery retail market is anticipated to grow at a CAGR of 5.0% during the forecast period. In Middle East & Africa, the food environments have been changing rapidly in the last decade, with modern retailers, including hypermarkets, supermarkets, online retailing channels, gaining major significance. Imperative facts such as globalization, income growth, and customer preference shift resulting from urbanization have been driving the modernization of food environments in the region. Correspondingly, the customers’ demands and preferences are being shaped by altering food environments. Varying food environments are persuading customers’ food selections and dietary patterns, in turn, giving a rise to the food retail space.
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The Middle East & Africa food and grocery retail market is segmented based on product and distribution channels. Based on the product, the food and grocery retail market is segmented into packaged foods, unpackaged foods, beverages, and other household products. The market share of unorganized retail in the region is dominating the retail space across the food and grocery retail category. Food retailing is still a growing niche in some of the African countries and is expanding footprints rapidly. Based on the distribution channel, the market is segmented into online and offline channel. The online retailing for food and grocery is on a significant rise, as it is a new premium for consumers in the region.
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Based on the country, the market is segmented into UAE, Nigeria, Egypt, Saudi Arabia, South Africa, Turkey, and the Rest of the Middle East & Africa. The region has developed significantly, overall, in the last decade, with almost all of the countries contributing to the growth remarkably. South Africa is one of the leading the market in the Middle East & Africa, boasting numerous supermarket chains in the country.
Middle East & Africa boasts domestic as well as international retailing giants including Abdullah Al-Othaim Markets Co. SJ, Choppies Enterprises Ltd., Food & Entertainment Co. Ltd., MaxMart Family Shopping Centre, Pick n Pay Retailers (Pty) Ltd., and Shoprite Holdings ADR (SPAR), among others. The key international players have expanded their footprints by investing heavily in the region, the last decade. Most of the retailers have been focusing on the e-retailing space, as it is making significant growth in the food and grocery retail vertical.
Market Segmentation
Middle East & Africa Food And Grocery Retail Industry Market By Product
• Packaged Foods
• Unpackaged Foods
• Beverages
• Other Household Products
Middle East & Africa Food And Grocery Retail Market By Distribution Channel
• Online
• Offline
Regional Analysis
• Egypt
• Saudi Arabia
• South Africa
• Turkey
• UAE
• Nigeria
• Rest of Middle East & Africa
Company Profiles
• Amazon.com, Inc.
• Abdullah Al-Othaim Markets Co. SJ
• M.H. Alshaya Co. W.L.L.
• Azadea Group
• BinDawood Group
• Choppies Enterprises Ltd.
• Food & Entertainment Co. Ltd.
• LuLu Group International
• Massmart Holdings Ltd.
• MaxMart Family Shopping Centre (Kwatsons Ghana Ltd.)
• Majid Al Futtaim Holding
• Melcom Group
• Naivas Ltd.
• Pick n Pay Retailers (Pty) Ltd.
• Savola Group
• Shoprite Holdings ADR (SPAR)
• The Chalhoub Group
• Tuskys
• Walmart Inc.
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Issued By preeti
Country India
Categories Business
Tags middle east africa food and grocery retail market
Last Updated November 3, 2020