Global Food Retail Market: Overview
There has been observed a subsequent change in the pattern of customer’s attraction towards retail food sector worldwide. Consumers are more attracted to the retail food as it is time-saving, quick, hassle-free, easily available.
Global Food Retail Market: Growth factors
Few factors that are responsible for the success of the food retailing industry are that consumers are busy nowadays and want food that is easily available. In addition, increased salaries, fast lifestyle, attraction towards global food habits etc is also contributing to the growth of the market. Consumers may also find such retail food unhealthy or costly due to which they may not prefer it. Also, customers have numerous options when it comes to the retail food sector so all type of segments may not grow equally in the market. Consumers are more ready to spend on eating out. Consumers are more satisfied with the retail sector. It has been noticed that every four hours there is a new outlet of McDonald's somewhere around the world. Urban cities and developed nations may observe more growth due to a busy lifestyle, high increased salaries, ready to spend on retail food habits, liking the global taste and food choices etc. Rural places may not be more attracted to the retail food industry due to the high cost, less knowledge of ordering or buying food etc.
Global Food Retail Market: Segmentation
There are two types of segmentation:-Online food retailing sector-where the retail food can be ordered online and the food will reach at a customer’s doorstep within few minutes or so. Eg:- Grofers, Bigbasket etc. Offline food retailing sector-Where the retail food can be ordered online through various apps and the food will reach at the customer’s doorstep within few minutes or so. Various segmentation-Fast food retail sector-Pizza(Pizzahut, Dominos), burger(Burgerking), etc.Beverages-Coffee(Starbucks, cafe coffee day), milkshake(keventers)etc.Diet food or food promising as healthy- Subway, diet coke(coca cola), etc.
Global Food Retail Market: Regional analysis
France, Poland, Germany and the United Kingdom are the countries which have the highest food retail turnover. The United States also has a large surplus from the food retailing sector. More employment, the high cost of living, high amount of salaries etc.
Global Food Retail Market: Competitive players
Some of the competitive players are McDonald's, Pizzahut, Dominos, Cafe coffee day, Starbucks, Keventers, Morrisons in UK, Jumbo in Netherlandetc.
Global Food Retail Market: Regional segment analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
