The Middle East & Africa food and grocery retail is estimated to record a healthy CAGR of 5.0% during the forecast period (2020-2026). In many Middle East & Africa countries, the food retailing space has been changing varying rapidly, since the past decade, with a remarkable growth recorded in modern retailing including hypermarkets and supermarkets, in turn, accelerating the growth of food and grocery retail vertical. On contrary, even though retailing channels such as hypermarkets and supermarkets, have been visible more than ever in the Middle East & Africa, offering low-priced foods, the low-income and poor population in urban areas, do not certainly shop at supermarkets.
Browse the full report description Middle East & Africa Food and Grocery Retail Market Size, Share & Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods, Beverages, and Other Household Products) by Distribution Channel (Online and Offline) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/middle-east-food-and-grocery-retail-market
Besides, Middle East & Africa resides more than 1.7 billion individuals in 2019, holding an enormous prospect for the consumer market. The population growth is expected to remain rapid, and the United Nations (UN) Population Division has predicted that the region’s population will be around 2 billion mark by 2026. Additionally, there is an increased shift from rural to urban areas in the African countries, making the region a potential hotspot for the players to target certain customer groups. Africa’s food retail sector is still quite under-developed, with most purchasing being done at conventional stores, however, holding a huge potential in the coming years. The formalization of the sector is expected to play an important role in the expansion of the retailing space in the future years.
Market Coverage
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected country/segment
Middle East & Africa Food and Grocery Retail Market Report Segment
By Product
By Distribution Channel
Middle East & Africa Food and Grocery Retail Market Report Segment By Geography
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