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Published: January 2021
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Retail Market Overview
5. Bahrain Retail Market Outlook 6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Store based Retailing Vs. Non Store Retailing)
6.2.2. By Region
6.2.3. By Company
S. No. Contents 7. Bahrain Store Based Retailing Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Format (Grocery Retailers, Non-Grocery Retailers and Other Mixed Retailers)
7.2.2.
By Grocery Retailing Format (Hypermarkets/Supermarkets, Convenience Stores, Forecourt Retailers, Food/Drink/Tobacco Retailers and Other Traditional Grocery Retailers)
7.2.3. By Non-Grocery Retailing Format (Apparels & Footwear Retailers; Electronic &Appliances Retailers; Health & Beauty Retailers; Leisure & Personal Goods Retailers, Luxury Retailers and Others)
8. Bahrain Non- Store Based Retailing Market Outlook 8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Format (Internet Retailing, Mobile Internet Retailing, Home shopping, Direct Selling and Vending)
S. No. Contents
10. PEST Analysis
11. Market Dynamics
11.1. Drivers/Opportunities
11.2. Challenges/Restraints
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. Bahrain Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
17. About Us & Disclaimer
Table of Contents
Scope of Report
Product of Interest (POI): Retail Market
Retail is a process of trading consumer-based goods or services in small orders or
individual based selling, through various supply chains. These supply chains can be online
(website based) or offline (via supermarkets, hypermarkets, shops, exclusive stores, etc.).
Based on type, retail market can be segregated into food and non-food retail.
Market Segmentation
TYPE
• Store based Retailing • Non-Store Retailing REGION • Capital Governorate • Northern Governorate • Muharraq Governorate • Southern Governorate Review Period 2015 – 2018 Base Year 2019 Estimated Year 2020 Forecast Period 2021 – 2025
Year Range
Research Methodology
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews Data Collection Developing List of Respondents Formulating Questionnaire Market
Profiling ValidationData
Data Analysis
In-depth secondary research was conducted to
determine top players in the Bahrain retail market,
overall market size and segmental market size.
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry
specialists was developed.
TechSci conducted interviews with industry experts and
industry players for data collection and
verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to
obtain qualitative and quantitative insights about
the Bahrain retail market.
Data Collection
Data Filter
& Analysis IntelligenceResearch &
Actionable
Insights BusinessSolution
Primary Research Desk Research Company Analysis
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports
✓ White Paper Study
✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research
Research Methodology
Baseline MethodologyOur dedicated team of industry experts has monitored and analyzed various aspects of Bahrain Retail market. The team has analyzed the outlook of various segments of the market, while considering the major influencing factors such as rapid urbanisation in the country and increasing online sales. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Bahrain retail market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value : Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as retail companies, channel partners, end users, industry experts, and other industry participants.
• The team interviewed more than 10 retail companies, 100 end users, and 15 – 20 industry experts and other value chain stakeholders in Bahrain retail market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by type, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the retail market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Bahrain retail market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis ✓ Regression Analysis
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers.
Partial List of Companies Interviewed Key Secondary Sources
• BMMI Group
• Ali-Rashid Al-Amin Co • Majid Al Futtaim Group • Lulu Group International • Jawad Business Group • HHM Group
• Aljazira group
• Fucom International WLL • Almeer Group
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ Food and Drug Administration (FDA)
▪ News Dailies
Industry Brief
According to TechSci Research report,
“Bahrain Retail By Type (Store-Based Retailing (By Format, By Grocery Retailing Format, By
Non-Grocery Retailing Format ) v/s Non Store Retailing(By Format)), By Company, By Region, Forecast & Opportunities, 2025”, Bahrain retail market
was valued USD 5.80 Billion in 2019 and is predicted to grow at a CAGR of 15.62% in the next five years, to reach USD 10 Billion by 2025.
Anticipated growth in the market can be attributed to increasing presence of global retail brands and rising disposable income 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 higher standard of living for middle-class families are also driving growth
of the retail industry in Bahrain. Stringent policies and initiatives introduced by government to support the retail sector in Bahrain are anticipated
to further propel the market growth through 2025.
Flourishing tourism industry is expected to provide lucrative growth opportunities for Bahrain retail market in coming years. For instance, Bahrain
concerned authorities 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. Also, Bahrain is witnessing
increasing preference of consumer spending on food, clothing, footwear, and alcoholic drinks which indicates 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 to curtail the spread of the novel coronavirus.
Bahrain retail market can be segmented based on type, company, and region. Based on type, the market is categorized into store-based retailing
v/s non store retailing market. grocery retailing format is further segmented into hypermarkets/supermarkets, convenience stores, forecourt
retailers, food/drink/tobacco retailers and other traditional grocery retailers. Hypermarket and supermarket accounted for the largest segment in
2019 and the trend is likely to continue through 2025.
Growing e-commerce distribution channels and generating significant revenues from them coupled with enhanced operational efficiency by the
retailers will benefit the retail companies in the forecast period.
Major players operating in the Bahrain retail market are BMMI Group, Ali-Rashid Al-Amin Co, Majid Al Futtaim Group, Lulu Group International,
Jawad Business Group, HHM Group, Aljazira group, Fucom International WLL, Almeer Group, Alshaya Group. 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 new stores to cater to larger population.
“Most significant region in terms of market size in the Bahrain retail market in 2019 was Northern Governorate, followed by Muharraq
Governorate. The market size of Northern Governorate stood at USD 2.42 USD billion, whereas that of Muharraq Governorate was valued at
around USD 1.51 billion in 2019. Northern Governorate is expected to witness further increase in its market share over the forecast period due to
increasing population and improving lifestyle standards.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
Bahrain management consulting firm.
Sample Data - Snapshot
Bahrain Retail Market Size, By Value (USD Billion), 2015-2025F
CAGR BY VALUE (2015-2019): xx% CAGR BY VALUE (2020E-2025F): xx%
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Bahrain Retail Market Share, By Type, By Value, 2015-2025F
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Store Based 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Non-Store Based 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%
Bahrain Non-Store Based Retailing Market Share, By Format, By Grocery Retailing Format, By Value, 2015-2025F
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F Mobile Internet Non- Store Based Retailing 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Internet Non- Store Based Retailing 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Direct Selling and Vending 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
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COMPETITION, FORECAST AND OPPORTUNITIES
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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