E-Commerce Surge Fuels Growth In The Food And Grocery Retail Market: Transformative Forces Shaping the Food And Grocery Retail Market Landscape in 2025

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What Will the Food And Grocery Retail Industry Market Size Be by 2025?
The expansion of the food and grocery retail market value has been progressive over the recent years. Its projected growth from $12299.74 billion in 2024 to $12772.82 billion in 2025 will occur at a Compound Annual Growth Rate (CAGR) of 3.8%. Factors contributing to this growth during the historical period include the global trade proliferation, compliance with regulations, implementation of risk management strategies, oscillations in cargo volume, and the rise of specialized cargo.

What's the Long-Term Growth Forecast for the Food And Grocery Retail Market Size Through 2029?
The size of the food and grocery retail market is predicted to exhibit consistent expansion in the forthcoming years, potentially reaching $14586.54 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 3.4%. The projected growth during this period can be traced back to factors such as natural calamities, maritime incidents, worldwide economic patterns, environmental threats due to climate change, strict regulatory amendments, and changing dynamics of the supply chain. Noteworthy trends expected during this forecast period are the rise of digitalization and data analytics, concerted collaborations and partnerships, escalating security and cyber threats, progress in shipping technology, and technological breakthroughs in shipping.

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What Are the Key Growth Drivers Fueling the Food And Grocery Retail Market Expansion?
The growth of the food and grocery retail market is anticipated to be driven by the expanding e-commerce sector. E-commerce in this market involves the online purchase and sale of food and grocery items. The process comprises a transaction between two parties, typically a business and a consumer, where the delivery and payment of items are done online. Businesses utilize e-commerce in order to cater to a broader audience and enlarge their customer reach. This results in enhanced revenue and market growth in the food and grocery retail sector. For example, Census.gov stated that the e-commerce sales based in the US for the third quarter of 2023 amounted to $271.7 billion. This was a growth of 0.9 percent (±0.4%) from the second quarter of 2023. Therefore, it can be deduced that the food and grocery retail market's expansion is being propelled by the upswing in the e-commerce sector.

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What Are the Key Trends Driving Food And Grocery Retail Market Growth?
Leading businesses in the food and grocery retail market are adopting innovative technologies including a 30-minute delivery service to provide ultra-speedy or on-demand deliveries in the retail sector. This development aims to cater to customers looking for swift and handy shopping experiences. The accelerated 30-minute delivery service is a tech-savvy initiative allowing shoppers to secure their grocery and convenience items within half an hour. For instance, Maplebear Inc.'s Instacart, a retail business based in the United States, unveiled a 30-minute delivery service named 'Fairway Now' in December 2023. This cutting-edge service assures customers of receiving their groceries and essentials right from the store to their doorsteps in under 30 minutes. This service streamlines last-minute shopping by providing customers fast access to a vast range of items.

How Is the Food And Grocery Retail Market Segmented?
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 Companies Are Leading the Charge in Food And Grocery Retail Market Innovation?
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

Which Regions Are Leading the Global Food And Grocery Retail Market in Revenue?
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.

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