According to a new market research report published by Global Insight Services “Food & Grocery Retail Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The food and grocery retail market encompasses both packaged and unpackaged food goods, as well as beverages (including alcoholic and non-alcoholic beverage retail sales), tobacco, and household supplies. Global Food & Beverages market is expected to reach $14 trillion by 2031 with Food & Beverages sector accounting for almost 40% of the market.
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Key Players
- Walmart
- Costco
- Amazon
- Target
- The Kroger Co.
- Albertsons Companies
- Safeway
- H-E-B
- Publix Super Markets
- Wawa
- Stop & Shop
Key Trends
One of the most notable trends has been the rise of e-commerce and online grocery shopping. This has been driven by the growth of technology and the increasing popularity of smartphones and tablets.
Another key trend has been the rise of discount supermarkets, such as Aldi and Lidl. These supermarkets have been able to undercut the prices of traditional supermarkets. This has been a major factor in the decline of the traditional supermarket model.
There has also been a trend towards healthy eating and organic food. This has been driven by concerns about the health effects of processed food and the environmental impact of intensive farming. This has led to a growth in the sales of healthy food and organic produce.
Finally, there has been a trend towards local food. This is in response to the globalization of the food industry, which has led to a decline in the quality of food. Local food is seen as being fresher and more nutritious.
Key Drivers
Some of the key drivers of food and grocery retail market are :
- Share of private brands is continuously increasing and is one of the key drivers of the market. This trend has been accelerated by pandemic.
- Online shopping is increasing whereas brick and mortar stores are losing market share. This is a long term trend and pandemic has resulted in moving more of the market online.
- Trends towards more healthy, organic, and locally grown food options due to consumer preference for a healthy lifestyle as well as to support local economy,
- Technology is playing more and more important role within Retail with advent of artificial intelligence and IOT technologies.
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Market Segments
By Product
- Fresh Food
- Frozen Food
- Beverages
- Cleaning & Household
- Others
By Distribution
- Supermarkets & Hypermarkets
- Convenience Stores, Departmental Stores & Clubs
- Online
Reasons to buy Food & Grocery Retail Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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About Global Insight Services:
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