Global Food Retail market is set to record the CAGR of nearly 8.2% over the period from 2020 to 2026.
The global Food Retail market is set to record the CAGR of nearly 8.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Food Retail market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Introduction
Food retail implies sales of myriad kinds of food items purchased by consumers and consumed off the premises. Retail food is available in supermarkets and retail stores and it is in the form of packaged product. It includes fruits, meat, vegetables, snacks, milk, and organic food products. However, food retailing does not include restaurant food. Furthermore, retail food items include food packaged in cans, cellophane wrapping, and cylindrical cardboard containers.
Details of the Report:
Report Metric |
Details |
Base Year |
2019 |
Historical Data |
2017 and 2018 |
Forecast period |
2020-2026 |
Market Representation |
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026 |
Segments Analyzed |
By Distribution Channel and By Region |
Regions Analyzed |
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa |
Market Growth Dynamics
Change in the food habits, standard of living, and lifestyle is expected to steer the growth of food retail industry over the forecast timeline. Furthermore, change in the food intake patterns of the customers and rise in their food spending capacity will add towards the expansion of the market over the estimated timespan. Apparently, rise in the consumer inclination towards private label brands will fuel the food retail industry over the next couple of years.
In addition to this, rise in the shopping activities in hypermarkets and supermarket stores will escalate the business growth over the forthcoming years. Apart from this, supermarkets in the countries like the U.S. have added healthy checkout lanes stocked with products having high nutritive value. Moreover, supermarkets in Europe and America improve the visual appeal of healthy diet through exquisite packaging, lightning, and signage. The food retail stores in the western countries also offer healthy food samples and comprehensive information about the nutritive contents of the food product, thereby driving the growth of the food retail market across the globe.
Furthermore, rise in the shopping activities at grocery stores, specialty food stores, and convenience stores will steer the business space over the forecasting years. Apparently, retailers what kind of food products should be ordered from suppliers, where these products should be stored or shelved, and what type of appeal or effect does signage or shelving of products have on consumers. All these aspects will further push the growth of the market over the forthcoming years. In addition to this, the profit or revenue of the food retail industry is impacted by product, placement or locating, promotion or advertisement, and pricing strategies of the retailers along with presentation or demonstration as well as staff.
Asia Pacific To Account For Major Market Share Over Forecast Timeframe
The growth of the market in Asia Pacific over the forecast timeline is due to swiftly expanding food retail chains in the emerging economies such as China and India. In addition to this, large presence of small & local retail stores in this region will further boost the regional market. Apparently, rise in digital shopping and online food retailing activities particular by the middle-income group population in the region will embellish the regional business growth.
Key players influencing the market growth are Seven and I Holdings Co., Ltd., Costco Wholesale Corp., REWE Group, The Kroger Co., Carrefour S.A., AEON CO., LTD., Wal-Mart Stores, Inc., Metro AG, Tesco Plc, and Group Auchan S.A.
The global food retail market is segmented as follows:
By Distribution Channel
By Region
List of Figures
1. Market research process
2. Market research methodology
3. Global Food Retail Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Food Retail Market attractiveness, By Distribution Channel
6. Global Food Retail Market share, By Distribution Channel , 2019 and 2026 (USD Billion)
7. Global Food Retail Market by Independent & Specialist Retails,2016–2026(USD Billion)
8. Global Food Retail Market by Supermarkets/Hypermarkets,2016–2026(USD Billion)
9. Global Food Retail Market by Convenience Stores,2016–2026(USD Billion)
10. Global Food Retail Market by Others,2016–2026(USD Billion)
11. Global Food Retail Market share, by Region, 2019 and 2026
12. North America Food Retail Market, 2016–2026(USD Billion)
13. Europe Food Retail Market, 2016–2026(USD Billion)
14. Asia Pacific Food Retail Market, 2016–2026(USD Billion)
15. Latin America Food Retail Market, 2016–2026(USD Billion)
16. The Middle East and Africa Food Retail Market, 2016–2026(USD Billion)
List of Tables
1. Global Food Retail Market: snapshot
2. Drivers of the Food Retail Market: impact analysis
3. North America Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
4. The U.S. Food Retail Market revenue, By Distribution Channel , 2016–2026(USD Billion)
5. Rest of North America Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
6. Europe Food Retail Market revenue, By Distribution Channel , 2016–2026(USD Billion)
7. UK Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
8. France Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
9. Germany Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
10. Rest of Europe Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
11. Asia Pacific Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
12. China Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
13. Japan Food Retail Market revenue, By Distribution Channel , 2016–2026(USD Billion)
14. India Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
15. Rest of Asia Pacific Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
16. Latin America Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
17. Brazil Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
18. Rest of Latin America Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
19. The Middle East and Africa Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
20. Saudi Arabia Food Retail Market revenue, By Distribution Channel , 2016–2026(USD Billion)
21. South Africa Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
22. Rest of the Middle East & Africa Food Retail Market revenue, By Distribution Channel ,2016–2026(USD Billion)
Request the coronavirus impact analysis across industries and markets
Change in the food habits, standard of living, and lifestyle will prop up the growth of Food Retail Market by 2026.
The CAGR of the industry is expected to be nearly 8.2% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
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