Global Grocery Market, By Product Type (Packaged Food, Unpackaged Food, Drinks, Tobacco, Household Products and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Grocery Market
Data Bridge Market Research analyses that the global grocery market will project a CAGR of 5.50% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surge in the number of hypermarkets and supermarkets, rising consumer consciousness towards high quality nutritional products, and increasing personal disposable income by the major companies are the major factors attributable to the growth of grocery market.
Grocery refers to the food and household supplies that are purchased by the consumers. Therefore, grocery stores are the stores that store and package grocery items to be finally purchased by the ultimate consumers. In other words, grocery stores are the shops or the businesses that deal in selling food and household supplies. Both online and offline grocery stores are available around the world. Some prefer physically visiting them, while some prefer buying grocery on the web. Grocery stores contain all kinds of food products such as fruits, dairy, cereals, drinks, snacks, seafood, meat, and other cooking essentials.
Rising demand for dairy products owing to the growing awareness about the benefits of these products are the major factors fostering the growth of the grocery market. Changing lifestyle, , urbanization, westernization, rising demand for value added products, growth in the demand for branded food items or rising brand consciousness in developing regions and ever-rising global population are other important factors acting as grocery market growth determinants. Improving distribution channel, growing availability of innovative food products, growth and expansion of e-commerce sector especially in the developing economies, increased focus on the innovative sale promotion activities by the grocery stores, growing penetration of internet and smartphones and changing tastes and preferences of consumers will further induce growth in the grocery market value.
However, the recent outbreak of coronavirus coupled with stringent regulations imposed by the government pertaining to lockdown will pose a major challenge to the growth of the grocery market. High operating costs will further restrict the scope of growth for the grocery market. Fluctuations in the prices of raw materials will also hamper the grocery market growth rate. Difficulties and complexities involved in managing or looking after the perishable food items will yet again derail the market growth rate.
This grocery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on grocery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Grocery Market Scope and Market Size
The grocery market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global grocery market is segmented into packaged food, unpackaged food, drinks, tobacco, household products and others.
- On the basis of distribution channel, the grocery market is segmented into supermarkets and hypermarkets, convenience stores, online stores and others.
Grocery Market Country Level Analysis
The grocery market is analyses and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the grocery market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the grocery market and will continue to during the forecast period where China, India, Japan, and Indonesia will emerge as the major contributors from this region owing to the rising demand for nutritional and innovative food products. Asia-Pacific is set to undergo substantial gains during the forecast period. This is because of the growing retail sector, globalization, westernization, changing lifestyle, surge in the number of hypermarkets and supermarkets and increasing personal disposable income. Also, rising penetration of smartphones, internet and e-commerce sector will also foster the growth of the market.
The country section of the grocery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Grocery Market Share Analysis
The grocery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to grocery market.
The major players covered in the grocery market report are Walmart., Costco Wholesale Corporation., 7-ELEVEN, Inc., Kroger, Schwarz GmbH & Co KG, ALDI, Amazon.com, Inc., Home Depot Product Authority, LLC., Target Brands, Inc., Carrefour, Tescoplc.com, Target Brands, Inc., Ahold Delhaize, Albertsons Companies., Publix, Whole Foods Market IP. L.P., EDEKA ZENTRALE Stiftung & Co. KG, Fresh Direct, LLC, HappyFresh., The Stop & Shop Supermarket LLC, Reliance Retail. And Schwan Food Company among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.