2024 Global Market Overview of Food and Grocery Retail Sector

"The Business Research Company a report, titled, 'Food And Grocery Retail Global Market Report 2024 - By Product (Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning And Household), By Category (Packed, Unpacked), By Distribution channel (Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores And Clubs) - Market Size, Trends, And Global Forecast 2024-2033Food And Grocery Retail Global Market Report 2024 - By Product (Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning And Household), By Category (Packed, Unpacked), By Distribution channel (Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores And Clubs) - Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The food and grocery retail market size is expected to see steady growth in the next few years. It will grow to $14131.77 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $12299.74 billion
• Revenue Forecast In 2033: $14131.77 billion
• CAGR: 3.5%

Global Food And Grocery Retail Market: Segmentation

The food and grocery retail market covered in this report is segmented -

1) By Product: Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning And Household
2) By Category: Packed, Unpacked
3) By Distribution channel: Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores And Clubs

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Food And Grocery Retail Market Report: Growth Drivers
The expanding e-commerce sector is projected to boost the growth of the food and grocery retail market in the future. E-commerce in food and grocery retail involves the online buying and selling of food and grocery items. This process entails a transaction between two parties, typically a business and a consumer, where payments and product deliveries occur online. Businesses utilize e-commerce to broaden their reach and enhance their customer base, resulting in increased revenue and growth within the food and grocery retail sector. For instance, in November 2023, Census.gov reported that U.S. e-commerce sales for the third quarter of 2023 reached $271.7 billion, reflecting a 0.9 percent (±0.4%) rise from the second quarter of 2023. Therefore, the growth of the e-commerce sector is driving the food and grocery retail market.

Key Developments:

Aldi Einkauf GmbH & Co. oHG Expands Footprint In The Southeastern United States With Acquisition Of Winn-Dixie Stores Inc. And Harveys Supermarket
In August 2023, Aldi Einkauf GmbH & Co. oHG, a Germany-based supermarket company, acquired Winn-Dixie Stores Inc. and Harveys Supermarket for an undisclosed amount. With this acquisition, Aldi is expanding its presence and accelerating its growth in the southeastern region of the United States. The acquisition provides Aldi with speed-to-market, quality retail locations, and a solid core business, allowing the company to better serve the Southeastern region and help more people save on their grocery bills. Winn-Dixie is a US-based supermarket chain, and Harveys Supermarket is a US-based grocery chain, both engaged in providing quality food and grocery retail products and services to their customers.

Top Market Leader Included:

Wal-Mart Stores Inc., Costco Wholesale Corporation, The Kroger Co., Target Brands Inc., 7-ELEVEN Inc., Carrefour S.A., REWE Group, Lidl Stiftung & Co. KG, Tesco PLC, Edeka Zentrale AG & Co. KG, Aeon Co. Ltd., Publix Super Markets Inc., Woolworths Group, J Sainsbury plc, Les Mousquetaires, Auchan Retail, Aldi Einkauf GmbH & Co. oHG, Mercadona S.A., ASDA Stores Limited, Coles Group Limited, Système U, Wm Morrison Supermarkets Limited, HEB Grocery Company LP, Meijer Inc., Wakefern Food Corporation, Kaufland Stiftung & Co. KG, Fred Meyer Stores Inc., Spar International, Safeway Inc., Leclerc SA

Food And Grocery Retail Industry: Regional Landscape

North America was the largest region in the food and grocery retail market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food and grocery retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food and grocery retail market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Food And Grocery Retail Market Report Include?

1.Introduction
• Overview of the Food And Grocery Retail Market
• Comprehensive Analysis of Food And Grocery Retail Market

2. Food And Grocery Retail Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3. Food And Grocery Retail Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Food And Grocery Retail Market
• Overview
• Products and Services
• Strategy

5. Food And Grocery Retail Market Regional And Country Analysis
• By Region
• By Country

6. Market Trends And Opportunities In Food And Grocery Retail Market
• Technological Advancements
• Emerging Trends

7. Food And Grocery Retail Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities

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