Food and Grocery Retail Market Report

Food and Grocery Retail Market Analysis Report by Type (Unpackaged, Packaged, Drinks, Tobacco, Household Products), By Region (U.S., Canada, India, Netherlands), And Segment Forecasts, 2011 - 2020

  • Published Date: Jul, 2017
  • Base Year for Estimate: 2015
  • Report ID: GVR-2-68038-418-5
  • Format: Electronic (PDF)
  • Historical Data: 2011 - 2014
  • Number of Pages: 44

Industry Insights

The global food and grocery retail market size was valued at USD 8,770.58 Billion in 2015. The food & grocery retail industry has been growing steadily in recent years and the trend is likely to continue over the forecast period. Countries in the Asia-Pacific region are among the key growth stimulants for the overall market. India, China, and Indonesia have posted prominent growth over the past few years due to emergence of modern outlets, which are rapidly replacing traditional retail formats. The market in mature and facing saturation, particularly in Western Europe.

Global food and grocery retail market

Supermarkets, hypermarkets, and specialist retailers are important industry participants. While the end consumers are the key buyers, food and grocery product manufacturers, farmers, and agricultural cooperatives are considered as key suppliers of food and grocery products.

Lack of switching costs and limitations in product differentiation lead to buyer mobility, which forces larger retailers to maintain attractive pricing schemes. With the dynamics of the industry, there is a constant strong pressure on players to adapt to fast-changing consumer needs. To sustain the competition, market players should be prudent to position the desirable product at a price suitable for customers and manufacturers.

Ever-rising population across the globe is one of the primary factors stoking the growth of the market. Increasing disposable income is augmenting the affordability of premium food and grocery products, which in turn is working in favor of the overall market. Thanks to changing tastes and growing health consciousness, manufacturers are experimenting with cultivation techniques and ingredients and can expect positive feedback for the same.

Rising awareness regarding health benefits of individual food and grocery product and increasing health consciousness are encouraging consumers to ensure balanced diet. This factor is also anticipated to bolster the growth of the market. Burgeoning prominence of online grocery retail channels is estimated to provide a fillip to the market. Home delivery of food and grocery products by shopping through online channels is very helpful especially for working professionals.

Type Insights

The global food and grocery retail market was segmented, on the basis of type, into unpackaged food, packaged food, drinks, tobacco, and household products. Unpackaged food is projected to command a sizeable share in the market throughout the forecast period. Packaged foods are poised to gain popularity over the coming years, owing to widening base of working population.

Global food and grocery retail market

There are a number of factors that affect a consumer’s choice. Price and convenience are two primary concerns. However, rising health consciousness is translating into a greater demand for nutritional quality in food products. In some countries, there have been a number of campaigns to encourage individuals to eat more fruits and vegetables. For example, in Argentina, primary schools give importance to nutrition education. In addition, laws in the country mandate listing nutrients on food packaging. In the U.K., there has been a joint public-private initiative, 'Change4Life', aimed at raising awareness regarding health risks associated with being overweight and obese and promoting diet and exercise to encourage healthier lifestyles.

Regional Insights

The U.S. market for food and grocery retail has registered moderate growth over the past few years. However, there are a few segments of the market that are likely to experience healthy growth over the coming years. The market in Canada has also exhibited tepid growth over the past few years. However, a slight acceleration in growth is expected during the forecast period.

The market in India is slated to witness noteworthy growth over the forecast period. Rapid expansion of the modern retail sector in the country is one of the key contributing factors. Moreover, increasing urbanization and rising disposable income are supplementing the growth of the country. The Netherlands market has fluctuated between stagnation and growth in recent years.

Food and Grocery Retail Market Share Insights

Key industry participants of the global market are Bharti Enterprises; Carrefour S.A.; Costco Wholesale Corporation; Future Retail Limited; Koninklijke Ahold; The Kroger Co; and Wal-Mart Stores, Inc. Countries in Asia Pacific are anticipated to be promising detinations for market players .

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2011 - 2014

Forecast period

2015 - 2020

Market representation

Revenue in USD Billion & CAGR from 2015 to 2020

Country scope

U.S., Canada, India, and Netherlands

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global & country levels and provides an analysis of the industry trends in each of the sub-segments from 2011 to 2020. For the purpose of this study, Grand View Research has segmented the global food and grocery retail market report based on the type and region:

  • Type Outlook (Revenue, USD Billion, 2011 - 2020)

    • Unpackaged Food

    • Packaged Food

    • Drinks

    • Tobacco

    • Household Products

  • Regional Outlook (Revenue, USD Billion, 2011 - 2020)

    • U.S.

    • Canada

    • India

    • Netherlands

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