Global Food and Grocery Retail Market Size, Trends, and Growth Opportunity, By Product (Food Cupboard and Beverages), By Distribution Channel (Supermarkets & Hypermarkets, and Online), By Regional and Forecast to 2030
Global Food and Grocery Retail Market
The Global Food and Grocery Retail Market was valued at USD 140.87 billion in 2022 and is expected to reach USD 279.4 billion by 2030, at a CAGR 8.94 % during the forecast period 2023- 2030.
A store called Food And Grocery Retail Market sells food and other small household items like baby meals, meat, fresh dairy goods, cooking oil, fresh dairy produce, bakery goods, cleaning supplies, beverages, fruits and vegetables, 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.
Market Drivers
Omnichannel mass merchandisers have propelled the food and grocery retail industry towards digitalization which is anticipated to drive market growth. The integrated omnichannel strategies sparked ground-breaking market growth during the forecast period. This tendency was accelerated by Amazon's acquisition strategy for brick-and-mortar businesses to combine e-commerce and actual shops. Amazon's purchase of Whole Foods solidified its status as a significant player in the supermarket industry. As a result of this acquisition, Amazon was able to link Amazon.com with Whole Foods, offering a choice of delivery options in addition to other benefits of online food purchasing. New delivery modes introduction has accelerated market expansion.
Market Restraints
Dealing with Changing Technology is one of the restraining factors. Firms are evaluated increasingly on the effectiveness of their information transmission and reception. As a result, businesses that operate internationally must rely on technology and e-commerce platforms which are anticipated to hamper the market growth during the forecast period
Market Segmentation
The global Food and Grocery Retail Market is segmented into Product and Distribution Channel.
Based on Product market is divided into Food Cupboards and Beverages
Based on the Distribution Channel market is segmented into Supermarkets & Hypermarkets, and Online
Regional Analysis
The global Food and Grocery Retail Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific accounted for the highest share during the forecast period. The key factor contributing to this region's domination is the abundance of supermarkets in its developing nations. Urbanization and rising disposable incomes on the demand side, Foreign Direct Investment (FDI), format diversification, domestic investments, and modernization of procurement procedures to lower supply-side costs are all factors that have contributed to the growth of supermarkets in Asia Pacific. Online food purchases have grown as a result of rising mobile usage and broadband penetration, particularly in developing nations.
Key Players
Various key players are discussed in the Global Functional Beverages Market Report including: Walmart, Amazon, Schwarz Gruppe, The Kroger Co, 7-Eleven, Inc, Tesco PLC, Carrefour, ALDI Purchasing GmbH & Co. oHG, Ahold Delhaize, Target Brands, Inc.
In December 2021, Munich, the discount grocery retailer Netto, a member of the Edeka Group, unveiled the world's first shop powered by Trigo's hybrid checkout-free system. A refit was performed on the 250 square meter store to convert it into a Pick & Go hybrid autonomous service.
Market Taxonomy
By Product
• Food Cupboard
• Beverages
By Distribution Channel
• Supermarkets & Hypermarkets
• Online
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Food and Grocery Retail Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Food and Grocery Retail Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Food and Grocery Retail Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Food and Grocery Retail Market Share Analysis, By Product
5.3 Global Food and Grocery Retail Market Size and Forecast, By Product
5.3.1. Food Cupboard
5.3.2. Beverages
6 Global Food and Grocery Retail Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Food and Grocery Retail Market Share Analysis, By Distribution Channel
6.3 Global Food and Grocery Retail Market Size and Forecast, By Distribution Channel
6.3.1 Supermarkets & Hypermarkets
6.3.2 Online
7 Global Food and Grocery Retail Market, By Region
7.1 Global Food and Grocery Retail Market Share Analysis, By Region
7.2 Global Food and Grocery Retail Market Size and Forecast, By Region
8 North America Food and Grocery Retail Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Food and Grocery Retail Market Share Analysis, By Product
8.3 North America Food and Grocery Retail Market Size and Forecast, By Distribution Channel
8.4 North America Food and Grocery Retail Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Food and Grocery Retail Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Food and Grocery Retail Market Share Analysis, By Product
9.3 Europe Food and Grocery Retail Market Size and Forecast, By Distribution Channel
9.4 Europe Food and Grocery Retail Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Food and Grocery Retail Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Food and Grocery Retail Market Share Analysis, By Product
10.3 Asia Pacific Food and Grocery Retail Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Food and Grocery Retail Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Food and Grocery Retail Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Food and Grocery Retail Market Share Analysis, By Product
11.3 Latin America Food and Grocery Retail Market Size and Forecast, By Distribution Channel
11.4 Latin America Food and Grocery Retail Market Size and Forecast, Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Food and Grocery Retail Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Food and Grocery Retail Market Share Analysis, By Product
12.3 Middle East Food and Grocery Retail Market Size and Forecast, By Distribution Channel
12.4 Middle East Food and Grocery Retail Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
15.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Walmart
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Amazon
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Schwarz Gruppe
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 The Kroger Co
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 7-Eleven, Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Tesco PLC
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Carrefour
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 ALDI Purchasing GmbH & Co. oHG
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Ahold Delhaize
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Target Brands, Inc.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
