The Food And Grocery Retail Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Food And Grocery Retail Market:
https://www.thebusinessresearchcompany.com/report/food-and-grocery-retail-global-market-report
According to The Business Research Company’s Food And Grocery Retail Global Market Report 2024, The food and grocery retail market size has grown steadily in recent years. It will grow from $11727.37 billion in 2023 to $12299.74 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to global trade expansion, regulatory compliance, risk management practices, cargo volume fluctuations, emergence of specialized cargo.
The food and grocery retail market size is expected to see steady growth in the next few years. It will grow to $14131.77 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to natural disasters and incidents at sea, global economic trends, climate change and environmental risks, stringent regulatory changes, evolving supply chain dynamics. Major trends in the forecast period include digitalization and data analytics, collaboration and partnerships, security concerns and cyber risks, technological advancements in shipping, technological advances in shipping.
The increasing e-commerce sector is expected to propel the growth of the food and grocery retail market going forward. E-commerce in food and grocery retail refers to the buying and selling of food and grocery products online. It involves a transaction between two parties, usually a business and a consumer, where the payment and delivery of products are conducted online. E-commerce is used by businesses to reach a wider audience and expand their customer base, leading to increased revenue and growth in the food and grocery retail business. For instance, in November 2023, according to Census.gov, US-based e-commerce sales for the third quarter of 2023 totaled $271.7 billion, an increase of 0.9 percent (±0.4%) from the second quarter of 2023. Therefore, the rise in the e-commerce sector is driving the growth of the food and grocery retail market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=13663&type=smp
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: Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores And Clubs
Major companies operating in the food and grocery retail market are developing innovative technologies, such as 30-minute delivery service, to enable ultra-fast or on-demand delivery options in the retail industry and to meet the needs of customers who seek fast and convenient shopping experiences. The 30-minute delivery service is a technology-driven offering that enables customers to receive their grocery and convenience items within a 30-minute time frame. For instance, in December 2023, Instacart of Maplebear Inc., a US-based retail company, launched a 30-minute delivery service called 'Fairway Now,' powered by Instacart. This service allows customers to receive store-to-door delivery of groceries and essentials in as fast as 30 minutes. It is designed to provide last-minute shopping convenience, enabling customers to access a wide range of items quickly.
The food and grocery retail market report table of contents includes:
- Executive Summary
- Food And Grocery Retail Market Characteristics
- Food And Grocery Retail Market Trends And Strategies
- Food And Grocery Retail Market - Macro Economic Scenario
- Global Food And Grocery Retail Market Size and Growth
.
.
.
- Global Food And Grocery Retail Market Competitive Benchmarking
- Global Food And Grocery Retail Market Competitive Dashboard
- Key Mergers And Acquisitions In Food And Grocery Retail Market
- Food And Grocery Retail Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Wal-Mart Stores Inc.
- Costco Wholesale Corporation
- The Kroger Co.
- Target Brands Inc.
- 7-ELEVEN Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Global Food and Grocery Retail Market Forecast 2022 Global Food and Grocery Retail industry profile provide top-line qualitative and quantitative summary information including market size (value 2013-17, and forecast to 2022).
The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights - The Food and Grocery retail market includes the retail sales of all food products, both packaged and unpackaged, as well as beverages (including retail sales of all alcoholic and non-alcoholic beverages), tobacco, and household products.
All on-trade sales of food and beverage are excluded.
Market Trends - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global food and grocery retail market.
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global food and grocery retail market.
Our grocery retail inventory management solution is built to increase your profitability by streamlining your operations preventing food waste.
