The food retail market in Saudi Arabia to grow at a CAGR of more than 5% between 2016 and 2020

Technavio’s market research analysts predict the food retail market in Saudi Arabia to grow at a CAGR of more than 5% between 2016 and 2020. The market’s growth is fueled by an increase in the number of retailoutlets in the region. Food retailers are expanding rapidly to strengthen their foothold in the market and access more consumer segments. The number of food retail outlets in Saudi Arabia was more than 42,000 during 2014, and it is projected to reach 50,000 by the end of the forecast period.

Source: Technavio Research