MORE THAN 50, 000 FOOD RETAIL OUTLETS BY 2019 in Saudi Arabia
In 2014, the total number of food retail outlets in Saudi Arabia was estimated by Euromonitor at 42, 378, an increase of 2.2 percent over 2013. The total number of food retail outlets is projected to reach about 50,000 by 2019, an increase of about 18 percent over 2014. The total value of Saudi retail food sales in 2014 was estimated at about $41.5 billion, an increase about 11 percent compared to sales in 2013. The total value grocery sales by the retail outlets is forecast to reach about $60 billion in 2019, an increase of about 45 percent over 2014.
Saudi food retailers carry a wide range of food products, from domestically processed foods to imported upscale specialty and organic food products. The fast growth of retail food outlets in Saudi Arabia provides an excellent opportunity for U.S. suppliers of consumer products to expand their exports throughout the Kingdom. U.S. exports of consumer-oriented food products to Saudi Arabia have been rapidly growing, totaling $578.4 million in 2014, about 9 percent growth over 2013. In 2014, the top ten U.S. processed foods product categories imported to Saudi Arabia were dairy products, tree nuts, processed vegetables, prepared foods, condiments and sauces, snack foods, prepared foods, fresh fruit, chocolate and cocoa products and poultry meat.