About Food and Grocery Retail
Consumption has been boosted by increased disposable income as a result of economic expansion. Furthermore, the market for food and grocery retail in developing nations such as India and China has been driven by an expanding number of middle-class consumers and expanding brand awareness among them. Furthermore, as millennials and Generation Z consumers get more comfortable with digital purchasing, the segment's rise in the food and grocery retail industry has accelerated. In FY 2019, the company generated global net sales of near about USD 514.4 billion. As of FY 2019, the company operated more than eleven thousand stores across the globe, and the company also highly investing in research and development.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
There are various players are operating in this industry some are big giants having footprints across the globe and are local players in particular regions. A there continuous new market in this industry. To gain major market share companies are highly investing to enhance their online presence and along with their distribution channels. To cop-up with the market, demand companies are investing in market-leading software and others to manage warehouse and supply chain. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food and Grocery Retail market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Walmart (United States), Costco Wholesale Corporation (United States), 7-Eleven (United States), The Kroger (United States), Schwarz Gruppe (Germany), Walgreens Boots Alliance, Inc. (United States), Tesco PLC (United Kingdom), Carrefour (France), Amazon (United States) and Metro Group AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Home Depot, Inc. (United States), Target Corporation (United States) and Needl (France).
Segmentation Overview
AMA Research has segmented the market of Global Food and Grocery Retail market by Type (Packaged Food, Unpackaged Food, Drinks, Tobacco and Household Products) and Region.
On the basis of geography, the market of Food and Grocery Retail has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Region Type, the sub-segment i.e. Tier 1 Cities will boost the Food and Grocery Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Supermarkets & Hypermarkets will boost the Food and Grocery Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Online Distribution Channels and Increasing Number of Hypermarket/Supermarkets in Developed Regions
Market Growth Drivers:
Growing Demand Use of Online Shopping Platforms and Modernizations in Automation Technology on the Retail Stores
Challenges:
Lack of Consumer Awareness Towards Online Channels
Restraints:
High Cost to Enter into the Online Retailing Services
Opportunities:
Rising Availability of Smartphones, Along with Rising Increase in Penetration of Internet and Increase the Number of Suppliers on Online Platforms
Market Leaders and their expansionary development strategies
In June 2017, Amazon declared its acquisition of Whole Foods Market Inc. This acquisition has enhanced Amazon’s fresh grocery retail services in new markets.
In April 2019, Walmart announced to invest more than USD 800 million in Texas, California, Florida, and other states of the U.S. to open new retail stores and renovate.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Food and Grocery Retail Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.