Booming e-commerce industry and expansion of other distribution channels are providing wide growth opportunities for Bahrain retail market.
According to TechSci Research report, “Bahrain Retail Market By Type (Food Retail v/s Non-Food Retail), By Type of Market (Organized v/s Unorganized), By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Specialty Retailers, Department Stores, General Merchandise Stores, Online, Others), By Region, Forecast & Opportunities, 2025”, the market is expected to undergo a noteworthy growth during the forecast period on account of increasing presence of global retail brands and increasing purchasing power of the people.
Moreover, the boom in e-commerce industry has provided wide growth opportunities for retailers in Bahrain owing to shifting consumer preference to shop online. The recovering economy of the country and high disposable incomes of middle-class families are also driving the retail industry in Bahrain. Apart from that, favorable policies introduced by government to support the retail sector in Bahrain are anticipated to further propel the market growth through 2025.
Additionally, flourishing tourism industry is another factor expected to provide lucrative growth opportunities for Bahrain retail market in coming years as the country organizes annual shopping festival called ‘Shop Bahrain’ which is a major attraction for foreign tourists. The development of retail infrastructure equipped with recreational facilities is also supporting the growth of Bahrain retail market.
Furthermore, the country is witnessing increasing consumer spending on food, clothing, footwear and alcoholic drinks which indicates positive growth of overall retail sector. However, the outbreak of COVID-19 and implementation of lockdown is likely to impact the retail industry as shopping centers and all other shopping complexes were closed in an attempt to curtail the spread of the novel coronavirus.
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Bahrain retail market can be segmented based on type, type of market, distribution channel, company and region. Based on type, the market is categorized into food retail v/s non-food retail. Among them, the food retail segment is anticipated to contribute to highest revenue share through 2025 on account of increasing consumption of meat, dairy and other food items in the country. Moreover, increasing number of hotels and restaurants are also enabling food retail sector to grow in Bahrain.
Based on distribution channel, Bahrain retail market can be segmented into exclusive stores, supermarket/hypermarket, specialty retailers, department stores, general merchandise stores, online and others. Among them, the online segment is anticipated to register significant CAGR and dominate the market through 2025 owing to the ease, convenience and time saving advantage of online shopping is leading to boom in e-commerce industry and hence the segment is leading among all other distribution channels.
Major players operating in the Bahrain retail market are Géant Group, Midway, Carrefour, Lulu Group, Jawad Business Group, HHM Group (Fine Food), BMMI, Ali & Sons (FoodCo), Al Raya and Al Sadhan. Key growth strategies being adopted by leading market players are mergers & acquisitions, partnerships and collaborations. Moreover, companies are also investing on boosting the supply chain and are opening up new stores to cater to larger population.
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“According to the new data released by global real estate consultancy firm CBRE, Bahrain is witnessing high investment in retail sector. The reason behind this can be cited from the success of large shopping malls like ‘The Avenues’. However, post COVID-19 situation shows drastic change and the online segment is expected to surpass offline sales channels in next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Bahrain management consulting firm.
“Bahrain Retail Market By Type (Food Retail v/s Non-Food Retail), By Type of Market (Organized v/s Unorganized), By Distribution Channel (Exclusive Stores, Supermarket/Hypermarket, Specialty Retailers, Department Stores, General Merchandise Stores, Online, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of retail market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Bahrain retail market.
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