Food & Grocery Retail Market 2022 Industry Research, Share, Trend, Demand and Future Analysis to 2031 | Walmart, Costco, Amazon, Target

New York, 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 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.

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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.

Restraints & Challenges

The food and grocery retail market is one of the most competitive and challenging markets to operate in. Key challenges include:

1. Increasing competition: The number of food and grocery retailers has increased significantly over the past decade, making it harder for individual businesses to stand out from the crowd. This is particularly challenging for smaller, independent retailers who lack the marketing and promotional budgets of the larger supermarket chains.

2. Changing consumer preferences: Consumer preferences are constantly changing, meaning that food and grocery retailers need to be agile in order to keep up. This can be a challenge, particularly for businesses that are reliant on a small number of products or have inflexible supply chains.

3. Price pressure: Price is a key consideration for consumers when choosing where to shop for their food and groceries. With supermarkets engaging in price wars and new discount retailers entering the market, food and grocery retailers are under pressure to keep prices low. This can impact margins and make it difficult to invest in other areas of the business, such as customer service or innovation.

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Market Segments

By Product

Fresh Food
Frozen Food
Beverages
Cleaning & Household
Others

Key Players

Walmart
Costco
Amazon
Target
The Kroger Co.
Albertsons Companies
Safeway
H-E-B
Publix Super Markets
Wawa
Stop & Shop
Wegmans Food Markets

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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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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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