Market Size of Retail Industry in Kuwait
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kuwait Retail Market Analysis
Kuwait is one of the fastest-growing markets, which is driven by a strong purchasing power vested in Infrastructural projects, the retail industry, and a strong trading and oil industry. Kuwait's retail sector has expanded significantly given the development of shopping malls. Recovering economy coupled with increasing buyer purchasing power, high disposable incomes of middle-class families, and ease of access are driving the retail industry in Kuwait. Moreover, Kuwait has approximately 45% of the population in the 20 to 39 age brackets, and these young consumers have a high inclination towards retail spending in retail malls, and in the purchase of international brands. The internet penetration in Kuwait is one of the highest in the world at 98% as of 2017. This has helped Kuwait's e-commerce market is expanding rapidly as Kuwaitis and expatriates are shopping online.
