Food and Grocery Retail Market Will Generate Record Revenue by 2029

Food and grocery retail market is projected to grow at a lucrative CAGR of around 5.0% during the forecast period. The growth is intensified owing to the increasing demand for groceries induced by increasing requirements for day to day commodities. Also, urbanization is at an all-time high with more and more people coming to live in the cities which are giving the retailers to expand their horizons in the developing countries. Demand for luxury and ready-to-eat food items will result in higher spending on food and groceries augmenting the growth of the market.

The food and grocery retail market are segmented on the basis of product and distribution channel. Based on the product, the food and grocery retail market are further segmented into packaged foods, unpackaged foods, beverages, and other household products. Based on distribution channel, the market is segmented into online and offline channels. The packaged foods are expected to record a substantial growth rate with individuals preferring convenience over homemade foods. Also, the growing population across the globe along with the high demand for ready to eat meals is a key factor contributing towards the hefty growth rate of the packaged food segment.

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Market Coverage

Market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered- by Product and Distribution Channel
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Ahold Delhaize, ALDI, Carrefour S.A., Sysco Corporation, and Walmart Inc.

Key questions addressed by the report

Who is the leader in the market?
What is the market growth rate of the global food and grocery retail market?
Which segment and region dominate the market throughout the forecast period?
Which segment and region will project the fastest growth in the market?
Where is the investment opportunity?
How COVID-19 impacted the market?
Recovery Timeline
Deviation from the pre-COVID-19 forecast
Most affected region and segment
How players are addressing challenges to sustain growth?

 

Food and Grocery Retail Market Report - Segmentation

By Product

Packaged Foods
Unpackaged Foods
Beverages 
Other Household Products

By Distribution Channel

Online 
Offline (Brick & Mortar)

A full Report of Food and Grocery Retail Market is Available at: https://www.omrglobal.com/industry-reports/food-and-grocery-retail-market

Food and Grocery Retail Market Report Segment - By Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan 
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles

7-Eleven Inc.
AEON Co., Ltd.
Amazon.com, Inc.
Albertsons Companies, Inc.
ALDI Inc.
Carrefour S.A.
Companhia Brasileira de Distribuicao
Costco Wholesale Corp.
Future Retail Ltd.
H?E?B, LP
ICA Gruppen AB
Koninklijke Ahold N.V.
President Chain Store Corp.
Publix Super Markets, Inc.
RT-MART International Ltd.
Safeway Inc.
Schwarz Gruppe
Sun Art Retail Group Ltd.
Sysco Corp.
Target Corp.
Tesco PLC
The Kroger Co.
The Shoprite Group of Companies
US Foods, Inc.
Walmart Inc.
Woolworths Group Ltd.
Wesfarmers Ltd.
Yonghui Superstores Co., Ltd.

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Over 100+ paid data sources mined for investigation.
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For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/food-and-grocery-retail-market
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