DUBLIN--(BUSINESS WIRE)--The "UAE Retail Market, by Type (Non-Food Retail and Food Retail), by Type of Market (Organized and Unorganized), by Distribution Channel (Hypermarkets/Supermarkets, Exclusive Stores, Specialty Stores, Others), by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The UAE Retail Market was valued at $ 55 billion in 2019 and is projected to grow to $ 75 billion by 2025 due to various factors such as rising per capita income, growing tourism industry, increasing expatriate population and rising number of upcoming development projects in the country such as Deira Mall (Dubai), Al Maiyah Central (Abu Dhabi), Cityland Village (Dubai), Tilal Mall (Sharjah), Reem Mall (Abu Dhabi), among others.
Also, major events such as the Dubai World Expo 2020, in addition to other new attraction will further boost the tourism, transportation, and manufacturing industries in the country. Furthermore, the introduction of advanced technologies such as AI, IoT, Big Data Analytics, among others are reshaping the retail industry in the region.
The UAE Retail Market is segmented based on By Type, By Type of Market, By Distribution Channel and By Region. Based on Type, the market is segmented into Food Retail and Non-Food Retail. Food Retail holds the largest share and is expected to maintain its lead in future too. In the Food Retail segment, the market for fresh food has a huge potential, while other niche segments, such as organic food, are also catching up.
Over the last few years, the UAE has seen strong growth in value-added segments such as ready-to-cook food items. Based on Type of Market, the market is categorized into Organized and Unorganized segments. With domestic as well as international players actively increasing floor space by opening new stores, the Organized retail segment continues to dominate the country's retail market.
Based on Distribution Channel, the market is further split into Supermarket/Hypermarket, Exclusive Stores, Specialty Stores, Department Stores, General Merchandise Stores and Online. UAE has a high penetration of Supermarkets/Hypermarkets due to high rate of urbanization. Consequently, Supermarkets/Hypermarkets segment dominates the country's retail market, followed by Exclusive Stores, Specialty Stores and Department Stores. The country's well-integrated logistics network has created a strong environment for a growing modernized retail market.
In terms of Region, the market is categorized into Dubai, Abu Dhabi, Sharjah, and Rest of UAE. Dubai's retail sector accounts for the largest share on account of high international visitor spending, strong demand fueled by high-frequency mega-sales & shopping festivals and increasing e-commerce activity in the region.
Other key factors that are expected to fuel the growth of Dubai retail market include increasing popularity of conventional and app-based delivery services, expansion of the sector ahead of Expo 2020 or an increasing number of visitors from China, Russia and other top source markets due to recent decisions to ease visa restrictions.
The major players operating in the UAE Retail Market are Lulu Group, Majid Al Futtaim, Landmark Group, Al Azizia Panda United Inc., Azadea, EMKE Group, Fathima Group of Companies, Carrefour, Spinneys Dubai LLC, Al Maya, among others.
Years considered for this report:
- Historical Years: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Report Scope:
Market, By Type:
- Non-Food
- Food
Market, By Type of Market:
- Organized
- Unorganized
Market, By Distribution Channel:
- Hypermarkets/Supermarkets
- Exclusive Stores
- Specialty Stores
- Department Stores
- General Merchandise Store
- Online
Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information about this report visit https://www.researchandmarkets.com/r/x5uxku
