Global Food And Beverage Stores Market 2024 - By Share Analysis, Industry Size, Growth Trends And Forecast Report To 2033

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Food And Beverage Stores Global Market Report 2024 identifies increasing restaurants and food service establishments as the major driver for the Food And Beverage Stores market's growth in the forecast period. Restaurants and food service establishments refers to the businesses that prepare and serve food and beverages to customers by providing a wide range of dining options. Food and beverage stores are essential to restaurants day-to-day operations because they give them the supplies, resources, and materials they need to keep their menus of the highest caliber and their kitchens running smoothly.

The food and beverage stores market size has grown rapidly in recent years. It will grow from $2,501.89 billion in 2023 to $2,776.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to economic conditions, consumer preferences, population growth, urbanization, technological advances. The food and beverage stores market size is expected to see strong growth in the next few years. It will grow to $4,053.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.

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Major competitors in the Food And Beverage Stores market are Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE.

A key trend in the Food And Beverage Stores market includes self-checkout technology. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading, and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual billing. Self-checkout systems are being used extensively by retail stores in the USA and the UK. For instance, a survey on self-service checkouts in multiple countries found 90% of respondents use self-checkouts, of which Australia and Italy were leading. Wal-Mart has installed 10,000 self-checkout systems in its 1200 stores across the USA.

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The Food And Beverage Stores market is segmented -

• By Type: Specialty Food Stores, Beer, Wine And Liquor Stores
• By Ownership: Retail Chain, Independent Retailer
• By Price Range: Premium, Mid-Range, Economy
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Food And Beverage Stores market.

The Business Research Company's "Global Food And Beverage Stores Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Food And Beverage Stores Market Include:

1. Executive Summary
2. Food And Beverage Stores Market Characteristics
3. Food And Beverage Stores Product/Service Analysis -Product/Service Examples
4. Food And Beverage Stores Market Trends And Strategies
5. Food And Beverage Stores Market - Macro Economic Scenario
…………………………………….
68. Global Food And Beverage Stores Market Competitive Benchmarking
69. Global Food And Beverage Stores Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Food And Beverage Stores Market
71. Food And Beverage Stores Market Future Outlook and Potential Analysis
72. Appendix

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