Food And Grocery Retail Market size was valued at USD 12.1 Trillion in 2022 and is projected to reach USD 17.1 Trillion by 2030, growing at a CAGR of 5.0% from 2023 to 2030.
In response to the rising demand for daily necessities, the demand for groceries is rising quickly. One of the key forces influencing the food and grocery retail sector is this. Also, as the world’s population grows, most people need frequent food to survive. The fast-paced urbanisation and industrialization of the world’s cities as well as other factors are driving the growth of the food and grocery retail sector. People seek higher-quality food as their standard of life rises. Moreover, the food and grocery retail sector is expanding because groceries are essential commodities for the general populace. Because these are the two main factors influencing consumer decisions when purchasing grocery items, price and convenience have a significant influence.
A store called Food And Grocery Retail Market sells food and other small household items like meat, fresh dairy goods, fresh dairy produce, bakery goods, baby meals, cleaning supplies, beverages, fruits and vegetables, cooking oil, frozen foods, and more. Food and grocery retailers make it possible for all of these demands to be met in one location with reasonable price reductions and a variety of other offers. Supermarkets or hypermarkets, convenience stores, and online retail are the three categories under which food and grocery retail is divided. A super market is a supermarket that is more than 50,000 square feet in size, offers a substantial selection of food and grocery items, as well as other goods like bakery, fish, and more. Some shops also sell non-vegetarian goods.
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Global Food and Grocery Retail Market: Major Players
The Kroger Co
Amazon
Target Brands, Inc.
Tesco PLC
Albertsons Companies
7-Eleven, Inc.
Costco Wholesale Corporation
Ahold Delhaize
Schwarz Gruppe
Walmart
ALDI Purchasing GmbH & Co. oHG
Carrefour
Global Food and Grocery Retail Market: Types
Packaged Food
Unpackaged Food
Drinks
Tobacco
Household Products
Global Food and Grocery Retail Market: Applications
Supermarkets & Hypermarkets
Convenience Store
Online
Global Food and Grocery Retail Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Food and Grocery Retail market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Takeaways:
- Asia-Pacific held the largest market share in 2023, owing to the growing urbanization and changing consumer lifestyles that are driving up the demand. North America is estimated to grow the fastest during the forecast period of 2023-2032, owing to the rising cases of cardiovascular diseases in the region.
- The growing consumer demand for processed food products is driving growth in the market.
- As consumers become more health conscious, they are consuming more in their daily lives. This boosts the Market since it lowers the risk of heart disease and high blood pressure.
- A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Market Report.
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Key Questions Answered in this Report:
- What is the current Market size at global, regional, and country levels?
- What is the market penetration by different types, Applications, processes/technologies, and distribution channels of the Market?
- How has the global Market developed in past years and how will it perform in the coming years?
- What is the impact of COVID-19, global inflation, Russia-Ukraine war on the Market forecast?
- How diversified is the Market and what are the new product launches, untapped geographies, recent developments, and investments?
- What are the potential regional Market to invest in?
- What is the high-performing type of products to focus on in the Market?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
- What is the market structure/Market competitive Intelligence? Who are the key competitors to focus on and what are their strategies?
