Grocery Retail Market 2024-2031 Global Industry Analysis, Size, Share, Growth, Trends, and Forecast | Leading Players - Walmart Inc., Carrefour Group, Koninklijke Ahold N.V., Metro AG

The Grocery Retail Market is anticipated to reach USD 14,772 billion by 2031 from USD 8,695 billion in 2022, at a CAGR of 6.9% during the forecast period.

DataM Intelligence has published a new research report on "Grocery Retail Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Grocery retail refers to the sector of the economy that involves the sale of food and household products to consumers. This market includes various formats, such as supermarkets, hypermarkets, convenience stores, specialty grocery stores, and online grocery platforms. Grocery retailers offer a wide range of products, including fresh produce, dairy, meat, packaged goods, beverages, and cleaning supplies. The grocery retail industry plays a vital role in supplying essential items to consumers, and it is characterized by a focus on customer service, inventory management, and pricing strategies. As consumer preferences evolve, grocery retail continues to adapt through innovations like online shopping, delivery services, and sustainable practices.

Key Developments:

In May 2022, Hero Bread announced the nationwide retail launch of its innovative and healthier bread and baked goods. The company is expanding its distribution from 23 to 2,300 grocery retail stores, with further growth expected in the second half of the year, driven by an impressive 54% consumer repeat purchase rate during the first five months on store shelves.

In January 2021, Alimentation Couche-Tard Inc., a Canadian convenience store operator, acquired Carrefour S.A., a French multinational retail corporation, aiming to enhance its presence across 26,000 food and grocery stores in the U.S. and Canada.

In June 2021, Whole Foods Market opened a hyper-local flagship store in Tampa, Florida, as part of its accelerated expansion plans for 2022. The new store, covering 48,000 square feet, is located at the intersection of Dale Mabry Highway and Midtown Drive, specifically at 3740 Midtown Drive in Tampa.

Research Process:

Both primary and secondary data sources have been used in the global Grocery Retail Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Grocery Retail Market:

Walmart Inc., Carrefour Group, Koninklijke Ahold N.V., Metro AG, Kroger Co., Tesco Plc., Rewe, Costco Wholesale Corporation, Aldi Stores Limited, and ITM enterprises.

Segment Covered in the Grocery Retail Market:

By Type of Stores: Supermarkets & Hypermarkets, Mom-and-Pop Grocery, Greengrocer, E-Grocer, Others

By Product: Unpackaged Food, Packaged Food, Beverages, Household & Personal Care Products, Others

Regional Analysis:

The global Grocery Retail Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Grocery Retail Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Grocery Retail Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Grocery Retail manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Grocery Retail in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Grocery Retail Market?

A) The global grocery retail market reached USD 8,695 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 14,772 billion by 2031

Q2) Who are the key players of Grocery Retail Market?

A) The major global players include the Grocery Retail market are Walmart Inc., Carrefour Group, Koninklijke Ahold N.V., Metro AG, Kroger Co., Tesco Plc., Rewe, Costco Wholesale Corporation, Aldi Stores Limited, and ITM enterprises.

Q3) What are the regions covered in this report?

A) The global Grocery Retail Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Grocery Retail market is segmented as Type of Store, Product, and Region

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