Global Food And Grocery Retail Market to Reach $14586.54 Billion by 2029, Growing at 3.4% CAGR

"What Is the Expected Size and Growth Rate of the Food And Grocery Retail Market?
The food and grocery retail market will grow from $12,299.74 billion in 2024 to $12,772.82 billion in 2025, at a CAGR of 3.8%. This growth is driven by global trade expansion, regulatory compliance, risk management practices, and the emergence of specialized cargo.

The food and grocery retail market is projected to grow steadily, reaching $14,586.54 billion by 2029 at a CAGR of 3.4%. Growth drivers include natural disasters, economic trends, climate change, regulatory changes, and evolving supply chain dynamics. Key trends include digitalization, data analytics, collaborations, security concerns, and technological advancements in shipping.

What Factors Are Fueling Growth in the Food And Grocery Retail Market?
Similarly, the growing e-commerce sector is also expected to boost the food and grocery retail market. As more consumers buy food and groceries online, this market is seeing steady growth. In Q3 2023, e-commerce sales in the U.S. rose by 0.9%, further driving the expansion of the online food and grocery retail space.

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Which Leading Companies Are Shaping the Growth of the Food And Grocery Retail Market?
Major companies operating in the food and grocery retail market report are 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

What Are the Major Trends Shaping the Food And Grocery Retail Market?
Companies in the food and grocery retail market are adopting advanced technologies, such as 30-minute delivery services, to meet the demand for fast and convenient shopping. A 30-minute delivery service enables customers to receive groceries and essentials within 30 minutes. For example, in December 2023, Instacart of Maplebear Inc., a US-based retail company, launched 'Fairway Now,' a 30-minute delivery service powered by Instacart. This service allows customers to quickly receive a wide range of items delivered from store to door.

What Are the Key Segments of the Food And Grocery Retail Market?
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: Super markets And Hyper markets, Convenience Stores, Departmental Stores And Clubs

Subsegments:
1) By Fresh Food: Fruits And Vegetables, Meat And Poultry, Dairy Products, Bakery Items
2) By Frozen Food: Frozen Meals, Frozen Fruits And Vegetables, Ice Cream And Desserts, Frozen Snacks
3) By Food Cupboard: Canned Goods, Dry Goods, Snacks And Confectionery, Spices And Condiments
4) By Beverages: Soft Drinks, Alcoholic Beverages, Juices, Water And Sports Drinks
5) By Cleaning And Household: Laundry Detergents, Kitchen Cleaners, Paper Products, Personal Care Products

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Which Region Dominates the Food And Grocery Retail Market?
North America was the largest region in the food and grocery retail market in 2024. 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.

What Is Covered In The Food And Grocery Retail Global Market Report?

- Market Size Analysis: Analyze the Food And Grocery Retail Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food And Grocery Retail Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food And Grocery Retail Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food And Grocery Retail Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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