The global food and grocery retail market size is
expected to reach USD 12.24 trillion by 2020, according to a new report by
Grand View Research, Inc., progressing at a CAGR of 6.9% during the forecast
period. The global food & grocery retail industry has been growing steadily
in recent years - a trend that looks set to continue over the forecast period.
Growth in this industry is mainly being driven by countries in the Asia-Pacific
region. Countries such as India, China, Indonesia have witnessed prominent
growth due to increase in number of modern outlets. Markets in some countries,
especially in Western Europe, are mature and facing saturation.
Rise in global population has a pivotal
role to play in the development of the market. Improving spending power of
people is augmenting the affordability of premium food and grocery products,
which in turn is boosting the revenue generation of the market. Changing
lifestyles and food choices are promoting manufacturers to experiment with
cultivation techniques and ingredients.
On the basis of type, the market is divided
into unpackaged food, packaged food, drinks, tobacco, and household products.
Unpackaged food is expected to be at the forefront of the market throughout the
forecast period. On the other hand, segments such as packaged food and drinks
are anticipated to account for sizeable shares in the market during the same
period.
The US food & grocery retail industry
has been growing moderately in recent years. While the trends is likely to
continue for the market in the U.S. over the coming years, there have been
certain segments of the industry that have been enjoying significant growth.
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https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market
https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market
Further key findings from the report suggest:
· The global food and grocery retail market
size was valued at USD 8.77 trillion in 2015
· The market in India is estimated to tread
along a healthy growth track during the forecast period, thanks to rising
urbanization and increasing disposable income of the populace
· The Canadian food and grocery retail market
was valued at USD 107.4 billion in 2015, and will register a CAGR of 3.0% from
2011 to 2015
· Some of the prominent companies operating
in the market are Bharti Enterprises; Carrefour S.A.; Costco Wholesale
Corporation; Future Retail Limited; Koninklijke Ahold; The Kroger Co; and
Wal-Mart Stores, Inc.
Grand View Research has segmented the
global food and grocery retail market based on type and region:
Food and Grocery Retail Type Outlook
(Revenue, USD Billion, 2011 - 2020)
·
Unpackaged Food
·
Packaged Food
·
Drinks
·
Tobacco
·
Household Products
Food and Grocery Retail Regional Outlook
(Revenue, USD Billion, 2011 - 2020)
·
U.S.
·
Canada
·
India
·
Netherlands
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make informed
business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
