Food Retail Market Size, Share, Trends, Opportunities & Forecast (2023)

Food Retail Market Size And Forecast

Food Retail Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The increasing consumer demand and rising disposable income is the primary factor fueling the growth of the market. In addition, the changing lifestyle and supermarket shopping culture led to imposing the positive factor on propelling the market growth. The Global Food Retail Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.

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Global Food Retail Market Definition

Food Retail serves the process of selling and buying the food and the consumer can consume it off-premise. It is a slightly different concept than consuming the food at restaurants that are called on-site consumption of food. Food retail encompasses all types of food such as snacks, sauce, vegetables, meat, fruits, and several others excluding the restaurant food items. This type of food is mostly packed in cans, containers, boxes, wrappers. There is a diverse range of retail stores, which includes convenience stores, supermarkets, e-store, and others.

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Global Food Retail Market Overview

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The increasing consumer demand and rising disposable income is the primary factor fueling the growth of the market. In addition, the changing lifestyle and supermarket shopping culture led to imposing the positive factor on propelling the market growth. Moreover, e-retailing through the various digital applications, advancements in technology, and changing consumer preferences are other factors driving the market. However, the dearth of supply chain effectiveness and intensified competition are factors hampering the growth of the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Food Retail Market” is mainly bifurcated into sub-segments that can provide classified data regarding the latest trends in the market.

Global Food Retail Market Segmentation Analysis

The Global Food Retail Market is Segmented on the basis of Product, Packaging-Type, Application, And Geography.

Food Retail Market, By Product

• Drinks
• Household Products
• Packaged Food
• Unpackaged Food
• Others

Based on Product, the market is segmented into Drinks, Household Products, Packaged Food, Unpackaged Food, and Others.

Food Retail Market, By Packaging-Type

• Cellophane Wrapping
• Cans
• Boxes
• Others

Based on Packaging-Type, the market is segmented into Cellophane Wrapping, Cans, Boxes, and Others.

Food Retail Market, By Application

• Specialty Stores
• Independent Retailers
• Grocery Stores
• Convenient Stores
• Others

Based on Application, the market is segmented into Specialty Stores, Independent Retailers, Grocery Stores, Convenient Stores, and Others.

Food Retail Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Food Retail Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players In Food Retail Market

The “Global Food Retail Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Wal-Mart Stores Inc., Costco Wholesale Corporation, The Kroger Company, Carrefour SA, Auchan, Ahold Delhaize, Future Retail Limited, Seven & I Holdings Co., AEON CO., LTD, and Metro AG.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Food Retail Market Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

KEY COMPANIES PROFILED

Wal-Mart Stores Inc., Costco Wholesale Corporation, The Kroger Company, Carrefour SA, Auchan, Ahold Delhaize, Future Retail Limited, Seven & I Holdings Co., AEON CO., LTD, and Metro AG

SEGMENTS COVERED

By Product, By Packaging-Type, By Application, And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

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Research Methodology of Verified Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with ourSales Team at Verified Market Research.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

What are the key driving factors for the Food Retail Market?

The increasing consumer demand and rising disposable income is the primary factor fueling the growth of the market.

What are the top players operative in Food Retail Market?

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The major players in the market Wal-Mart Stores Inc., Costco Wholesale Corporation, The Kroger Company, Carrefour SA, Auchan, Ahold Delhaize, Future Retail Limited, Seven & I Holdings Co., AEON CO., LTD, and Metro AG.

What segments are covered in Food Retail Market Report?

The Global Food Retail Market is Segmented on the basis of Product, Packaging-Type, Application, And Geography.

How can get sample reports/company profiles of the Food Retail Market?

The report sample for the Food Retail Market report can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF GLOBAL FOOD RETAIL MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL FOOD RETAIL MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL FOOD RETAIL MARKET, BY PRODUCT

5.1 Overview
5.2 Drinks
5.3 Household Products
5.4 Packaged Food
5.5 Unpackaged Food
5.6 Others

6 GLOBAL FOOD RETAIL MARKET, BY PACKAGING-TYPE

6.1 Overview
6.2 Drinks
6.3 Household Products
6.4 Packaged Food
6.5 Unpackaged Food
6.6 Others

7 GLOBAL FOOD RETAIL MARKET, BY APPLICATION

7.1 Overview
7.2 Specialty Stores
7.3 Independent Retailers
7.4 Grocery Stores
7.5 Convenient Stores
7.6 Others

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8 GLOBAL FOOD RETAIL MARKET, BY GEOGRAPHY

8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East

9 GLOBAL FOOD RETAIL MARKET COMPETITIVE LANDSCAPE

9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies

10 COMPANY PROFILES

10.1 Wal-Mart Stores Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments

10.2 Costco Wholesale Corporation
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments

10.3 The Kroger Company
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments

10.4 Carrefour SA
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments

10.5 Auchan
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments

10.6 Ahold Delhaize
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments

10.7 Future Retail Limited
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments

10.8 Seven & I Holdings Co.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments

10.9 AEON CO., LTD
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments

10.10 Metro AG
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments

11 Appendix

11.1 Related Research

Report Research Methodology

Food Retail Market Size, Share, Trends, Opportunities & Forecast (5)

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

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Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

Food Retail Market Size, Share, Trends, Opportunities & Forecast (6)

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

Food Retail Market Size, Share, Trends, Opportunities & Forecast (7)

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

Food Retail Market Size, Share, Trends, Opportunities & Forecast (8)

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

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  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

FAQs

What are three significant trends facing food retailers? ›

Demographic changes within the country, consumers' demand for convenience and continued cost pressure, along with continued channel blurring, are the most significant factors facing the food retail industry.

What is the future of grocery retail? ›

The global grocery market is projected to reap $1.9 trillion in new sales by 2023, a 28 percent increase since 2018. Unlike other retailers, grocers face unique inventory issues – the freshness and availability of produce, online and on store shelves.

What is the food retail industry? ›

The food retail industry covers a broad range of stores and outlets involved in the selling of products to consumers. In most cases, the modern retail trade includes hypermarkets, supermarkets, grocery stores, convenience stores, and independent specialized stores (butchers, flower shops, etc.

What is the size of the supermarket market? ›

The supermarkets & hypermarkets segment led the market in 2021 and accounted for the largest revenue share of more than 64.00%.
...
Report AttributeDetails
Market size value in 2022USD 11,618.8 billion
Revenue forecast in 2030USD 14.78 trillion
Growth RateCAGR of 3.0% from 2022 to 2030
Base year for estimation2021
10 more rows

What are the current trends in retail? ›

Another retail industry trend that is becoming increasingly important to consumers is having a personalized shopping experience. Personalization in the retail world often involves retailers giving consumers suggestions based on their taste, location, order history, and previous searches.

What trends are shaping today's retailers? ›

The 8 biggest trends for the retail industry
  • Selling online is non-negotiable.
  • Omnichannel tools are creating more meaningful shopping experiences.
  • Automated technology is helping retailers manage the labor shortage.
  • Same-day delivery is giving retailers a clear advantage.
Mar 1, 2022

What is the future of grocery retail in 2030? ›

By 2030, 25 percent of the US population will be 65 years or older. This aging population will be marked by specific shopping habits and dietary needs, along with a reduced capability to drive to stores.

Is the grocery industry growing? ›

The market size of the Supermarkets & Grocery Stores industry in the US has grown 2.6% per year on average between 2017 and 2022.

How are digital technologies transforming retail grocery markets? ›

Using digital technology as a tool, retailers are infusing more diversification and flexibility in how they serve their customers. From click and collect, speedy checkouts, kiosk ordering, and more, buyers have more options to interact with grocers than ever before.

What is the future of food industry? ›

An increasing global population will have a greater demand for food in 2030. At the same time, greater differentiation will be required due to an aging population and individualisation. Innovation is needed to meet this demand. Good behaviour in the form of sustainability is also an important aspect for food.

What are the four different types of food retailers? ›

The food retail industry in the United States comprises foods sold at grocery stores, convenience stores, drug stores, mass merchandisers, and foodservice facilities. Leading food and grocery retailers include Walmart, Kroger, and Walgreens.

Is food retail profitable? ›

Conventional grocery stores have a profit margin of about 2.2%, making them one of the least profitable industries in the US. But they make their money by selling in large volume & multiple locations. However, stores in natural, organic, and gourmet niches tend to see bottom-line profit margins of closer to 5-10%.

How big is the food industry in the world? ›

The global food and beverages market size is expected to grow from $5,817.4 billion in 2021 to $6,383.49 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The food and beverage market size is expected to grow to $8,905.5 billion in 2026 at a CAGR of 8.7%.

What is the most popular supermarket? ›

Tesco has steadily remained by far the most popular supermarket for over a decade.

Who is the biggest supermarket chain? ›

Leading supermarkets in the U.S. 2021, based on retail sales

Founded in 1883 in Cincinnati, Ohio (where it is still headquartered), by Bernard Kroger, The Kroger Co. has become the largest supermarket chain in the United States and the second largest overall retailer, only behind the retailing giant, Walmart.

What is the current trend in the food industry? ›

Consuming On-Demand.

One of the biggest changes seen in response to the pandemic is an increase in omni-channel consumption. Consumers now have more access than ever to eat what they want, when and where they want it. Convenient meal solutions and restaurant-branded products have brought dine-in tastes to home cooking.

What are the four different types of food retailers? ›

The food retail industry in the United States comprises foods sold at grocery stores, convenience stores, drug stores, mass merchandisers, and foodservice facilities. Leading food and grocery retailers include Walmart, Kroger, and Walgreens.

What's trending in food 2020? ›

2020 will bring more interesting fruit and vegetable flours (like banana!) into home pantries, with products like cauliflower flour in bulk and baking aisles, rather than already baked into crusts and snack products.

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