About Food Retail
Food retail is all food, other than restaurant food, which is purchased by consumers and consumed off-premise. Retail food are available in all shapes and sizes. The items of food retail are purchased by people every week, including meat, vegetables, fruit, milk, bread, eggs, snacks and many other items. Boxes, cans, cellophane wrapping or cylindrical cardboard containers are used for packaging of retail food but some of the retail food such as fresh vegetables are not individually packaged. Retail food can either be perishable or non-perishable, which is essential for determining the suitable storage procedures and inventory methods for various retail foods. The retail food must contain nutrition labels that state the contents in the food, including food ingredients and preservatives, calories, fat, protein, carbohydrates, vitamins, sodium and expiration dates, which allows people to measure their intake of calories and avoid food in which they may be allergic.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through joint collaborations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food 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.
Costco Wholesale Corporation (United States), Wal-Mart Stores Inc. (United States), AEON CO., LTD. (Japan), The Kroger Company (United States), Carrefour SA (France), Seven & I Holdings Co. (Japan), Auchan (France), Metro AG. (Germany), Bharti Enterprises (India), Future Retail Limited (India) and Ahold Delhaize (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Food Retail market by Type (Unpackaged Food, Packaged Food, Drinks, Tobacco and Household Products), Application (Grocery Stores, Convenient Stores, Supercenters, Warehouse Clubs, Independent Retailers and Specialty Stores (Health Food Stores, Online)) and Region.
On the basis of geography, the market of Food 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 Packaging, the sub-segment i.e. Boxes will boost the Food Retail market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Online Retail Shopping and Rising Demand for High Quality Food Packaging
Market Growth Drivers:
Increasing Customer Preference towards Private Label Brands, Growing Consumer Spending On Food Items and Increasing Supermarket Shopping Culture
Challenges:
Small Size of the Food Processing Industry
Restraints:
Lack of Effective Supply Chain and Presence of Unorganized Players in the Market
Opportunities:
Investment in Infrastructure by Government in Developing Countries and Entry of Food Processing Companies in Emerging Economies
Market Leaders and their expansionary development strategies
In April 2019, Auchan Retail France installs its "Auchan Minute" Laboratory at its headquarters in Villeneuve D'ascq. Which aims to improve the customer experience, both in the course of shopping, as dynamic information on products, merchandising or the construction of the offer by customer knowledge.
In April 2019, Kroger and Nuro Launch Autonomous Grocery Delivery Service in Houston. Nuro's initial application of transporting goods through self-driving technology has allowed us to build a real service and have immediate impact on communities.
Regulation in India: The new FSSAI packaging regulations. Which aim to restrict and regulate the use of materials of packaging of food products by Food Business Operators (“FBOs”).The “primary objective of packaging is to protect the food contents from microbiological, chemical, physical and atmospheric contamination and preserve the food and thereby protect consumer’s health. and FDA Regulation: Food labeling is required for most prepared foods, such as breads, cereals, canned and frozen foods, snacks, desserts, drinks, etc. Nutrition labeling for raw produce (fruits and vegetables) and fish is voluntary. We refer to these products as "conventional" foods.
Key Target Audience
Wholesalers, Distributors and Retailers of Food and Beverages, Service Providers, Food Industry, Industry Associations, Research Firms, Regulatory Bodies and Governmental Bodies
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.