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Rise of E-Commerce and Online Grocery Shopping Driving the Food & Grocery Retail Market 2022-2031
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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.
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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
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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
Wegmans Food Markets
Sam's Club
Meijer
Aldi
Lidl
Trader Joe's
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