E-Commerce Surge Fuels Growth In The Food And Grocery Retail Market Driver: A Major Catalyst in the Evolution of the Food And Grocery Retail Market in 2025

What industry-specific factors are fueling the growth of the food and grocery retail market?
The surge in the e-commerce sector is likely to fuel the expansion of the food and grocery retail market in the future. When referring to the food and grocery retail space, e-commerce describes the online purchase and sale of such goods. This process engages two parties, typically a company and a consumer, and every facet of the transaction, from payment to delivery, is done via the internet. Businesses leverage e-commerce as a tool to broaden their market base and enhance their consumer range, which subsequently boosts their revenue and stimulates growth in the food and grocery retail industry. To illustrate, Census.gov stated that in November 2023, e-commerce sales in the US for the third quarter of the same year added up to $271.7 billion, marking a rise of 0.9 percent (±0.4%) compared to the preceding quarter. Consequently, the booming e-commerce sector is steering the ascension of the food and grocery retail market.

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What Is the projected market size and growth rate for the food and grocery retail market?
The size of the food and grocery retail market has been displaying progressive growth in the past years. It is forecasted to expand from $12299.74 billion in 2024 to $12772.82 billion in 2025, marking a compound annual growth rate (CAGR) of 3.8%. Factors contributing to this growth in the past include the broadening of global trade, adherence to regulatory standards, practices in risk management, variations in cargo volume, and the appearance of specialized cargo.

The steady expansion of the food and grocery retail market is projected, with the size forecasted to reach $14586.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.4%. The predicted surge over the forecast period is linked to a plethora of factors including natural disasters and maritime incidents, worldwide economic patterns, climate alteration, and environmental hazards, together with stringent regulatory transformations and shifting supply chain dynamics. Key trends in the forecast period encompass digitization and data analysis, collaborations and alliances, security issues and cyber threats, and technological innovations in the shipping sector.

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What trends are poised to drive the future success of the food and grocery retail market?
In the food and grocery retail market, leading companies are employing innovative technologies like a 30-minute delivery service to provide ultra-fast or on-demand delivery alternatives. This is to accommodate customers seeking quick and convenient shopping experiences. The technology-based 30-minute delivery feature allows patrons to obtain their grocery and convenience items within half an hour. For instance, in December 2023, US-based retail firm Maplebear Inc.'s Instacart, unveiled a 30-minute delivery function labelled 'Fairway Now,' empowered by Instacart. This offering enables shoppers to avail of store-to-door delivery for groceries and basic needs in a mere 30 minutes. It aims to facilitate last-minute shopping expedience, allowing customers quick access to a plethora of items.

What major market segments define the scope and growth 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.

Which key market leaders are driving the food and grocery retail industry growth?
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

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

• Market Size Forecast: Examine the food and grocery retail market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the food and grocery retail market for a structured understanding.
• Key Players Overview: Analyze major players in the food and grocery retail market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food and grocery retail market.
• Segment Contributions: Evaluate how different segments drive overall growth in the food and grocery retail market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food and grocery retail market.
• Industry Challenges: Identify potential risks and obstacles affecting the food and grocery retail market.
• Competitive Landscape: Review strategic developments in the food and grocery retail market, including expansions, agreements, and new product launches.

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