Food Retail Market - By Distribution Channel (Independent & Specialist Retails, Supermarkets/Hypermarkets, Convenience Stores, and Others) and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Food Retail market is set to record the CAGR of nearly 8.2% over the period from 2020 to 2026.

10-Jul-2020 | Number of pages: 110 | Report Code: ZMR-3196 | Report Format : | Status : Published

Abstract

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

  • Independent and specialist retails
  • Supermarkets/hypermarkets
  • Convenience stores
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

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.

The key market players include 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.

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