Global Food And Beverage Stores Market Comprehensive Study: Forecasted Market Size And Growth Rate | Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Limited

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Food And Beverage Stores Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The food and beverage stores market size has grown rapidly in recent years. It will grow from $2501.89 billion in 2023 to $2776.14 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 $4053.35 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to e-commerce and online grocery, health and wellness trends, private label and store brands, digital marketing and personalization. Major trends in the forecast period include sustainability and eco-friendly practices, virtual grocery shopping and augmented reality (AR), food safety and traceability, convenience and ready-to-eat foods.

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Market Segmentation:
The main types of food and beverages stores are specialty food stores, beer, wine, and liquor stores. A specialty food store is a retailer that sells food that is only available in a restricted number of locations. The food and beverages stores have ownership by retail chains and independent retailers with price ranges of premium, mid-range, and economy.

Major Driver - Favorable Economic Outlook Fuels Optimism In The Food And Beverage Stores Market
The food and beverage stores markets expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that global GDP growth was 3.3% in 2020 and 3.4% in 2021. Commodity price recovery following a historical decline is also expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.

Competitive Landscape:
Major companies operating in the food and beverage stores market include Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Limited, Jardine Matheson Holdings Limited, Seven & i Holdings Co. Ltd., Marubeni Corporation, Greggs plc, Lancaster Colony Corporation, Walmart Inc., The Kroger Company, Albertsons Companies Inc., Ahold Delhaize USA Inc., Publix Super Markets Inc., H-E-B Grocery Company LP, Meijer Inc., Hy-Vee Inc., Wegmans Food Markets Inc., Giant Eagle Inc., Wakefern Food Corporation, WinCo Foods Inc., Sprouts Farmers Market Inc., Whole Foods Market Inc., Trader Joe's Company, Aldi Inc., Lidl US LLC, Costco Wholesale Corporation, Sam's West Inc., Target Corporation, The Home Depot Inc., Lowe's Companies Inc., Best Buy Co. Inc., Barnes & Noble Inc., Starbucks Corporation, Dunkin Brands Group Inc., McDonald's Corporation, Yum Brands Inc., Domino's Pizza Inc.

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Top Trend - The Rise Of Self-Checkout Technology In Retail Stores
Self-checkout technology is being widely used in department stores, specialty stores, and small convenience stores to automate payments. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food And Beverage Stores Market Characteristics
3. Food And Beverage Stores Market Trends And Strategies
4. Food And Beverage Stores Market - Macro Economic Scenario
5. Food And Beverage Stores Market Size And Growth
…..
27. Food And Beverage Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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