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Food & Grocery Retail Market is set for lucrative growth during 2022-2031 | Size, Share, Demand and Opportunities Analysis
Food & Grocery Retail 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.
Read more about Food & Grocery Retail Market here: https://www.globalinsightservices.com/reports/food-grocery-retail-market
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.
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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.
Market Segments
By Product
• Fresh Food
• Frozen Food
• Beverages
• Cleaning & Household
• Others
By Distribution
• Supermarkets & Hypermarkets
• Convenience Stores, Departmental Stores & Clubs
• Online
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Key Players:
• Walmart
• Costco
• Amazon
• Target
• The Kroger Co.
• Albertsons Companies
• Safeway
• H-E-B
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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology
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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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