Food And Beverage Stores Global Market Size, Share, Trend Analysis, By Product Type, By Distribution Channel, By Regional Forecast 2024-2033 | Giant Eagle Inc., WinCo Foods Inc., Sam’s West Inc., Target Corporation, The Home Depot Inc.

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Overview and Scope
Food and beverage stores are stores that sell edible product used wholly or partially for human consumption that is raw, cooked, or processed from fixed point-of-sale locations.

Sizing and Forecast
The food and beverage stores market size has grown rapidly in recent years. It will grow from $2501.89 billion in 2023 to $2776.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to economic conditions, consumer preferences, population growth, urbanization, technological advances.

The food and beverage stores market size is expected to see strong growth in the next few years. It will grow to $4053.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to e-commerce and online grocery, health and wellness trends, private label and store brands, digital marketing and personalization. Major trends in the forecast period include sustainability and eco-friendly practices, virtual grocery shopping and augmented reality (AR), food safety and traceability, convenience and ready-to-eat foods.

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Segmentation & Regional Insights
The food and beverage stores market covered in this report is segmented –
1) By Type: Specialty Food Stores, Beer, Wine And Liquor Stores
2) By Ownership: Retail Chain, Independent Retailer
3) By Price Range: Premium, Mid-Range, Economy

Asia-Pacific was the largest region in the food and beverage stores market in 2023. Africa was the second largest region in the food and beverage stores market. The regions covered in the food and beverages stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth
The food and beverage stores markets expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that global GDP growth was 3.3% in 2020 and 3.4% in 2021. Commodity price recovery following a historical decline is also expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.

Key Industry Players
Major companies operating in the food and beverage stores market include Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Limited, Jardine Matheson Holdings Limited, Seven & i Holdings Co. Ltd., Marubeni Corporation, Greggs plc, Lancaster Colony Corporation, Walmart Inc., The Kroger Company, Albertsons Companies Inc., Ahold Delhaize USA Inc., Publix Super Markets Inc., H-E-B Grocery Company LP, Meijer Inc., Hy-Vee Inc., Wegmans Food Markets Inc., Giant Eagle Inc., Wakefern Food Corporation, WinCo Foods Inc., Sprouts Farmers Market Inc., Whole Foods Market Inc., Trader Joe’s Company, Aldi Inc., Lidl US LLC, Costco Wholesale Corporation, Sam’s West Inc., Target Corporation, The Home Depot Inc., Lowe’s Companies Inc., Best Buy Co. Inc., Barnes & Noble Inc., Starbucks Corporation, Dunkin Brands Group Inc., McDonald’s Corporation, Yum Brands Inc., Domino’s Pizza Inc.

The food and beverage stores market report table of contents includes:
1. Executive Summary