Global Food and Grocery Retail Market Forecast 2022
Global Food and Grocery Retail industry profile provide top-line qualitative and quantitative summary information including market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The global food and grocery retail market had total revenues of $8,411.0bn in 2017, representing a compound annual growth rate (CAGR) of 5.9% between 2013 and 2017.
Essential resource for top-line data and analysis covering the global food and grocery retail market. Includes market size and segmentation data, textual and graphical analysis of market growth trends and leading companies.
Key Highlights
- The Food and Grocery retail market includes the retail sales of all food products, both packaged and unpackaged, as well as beverages (including retail sales of all alcoholic and non-alcoholic beverages), tobacco, and household products. All on-trade sales of food and beverage are excluded. All currency conversions are calculated at constant average 2017 exchange rates.
- The global food and grocery retail market had total revenues of $8,411.0bn in 2017, representing a compound annual growth rate (CAGR) of 5.9% between 2013 and 2017.
- The food segment was the markets most lucrative in 2017, with total revenues of $6,128.6bn, equivalent to 72.9% of the market’s overall value.
- Growth in this market is largely being driven by countries in the Asia-Pacific region. Countries such as China, India, and Indonesia are seeing good growth as modern outlets grow at the expense of traditional retail formats.
Market Trends
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global food and grocery retail market.
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global food and grocery retail market.
- Leading company profiles reveal details of key food and grocery retail market players’ global operations and financial performance.
- Add weight to presentations and pitches by understanding the future growth prospects of the global food and grocery retail market with a five-year forecast.
Reasons to buy
- What was the size of the global food and grocery retail market by value in 2017?
- What will be the size of the global food and grocery retail market in 2022?
- What factors are affecting the strength of competition in the global food and grocery retail market?
- How has the market performed over the last five years?
- What are the main segments that make up the global food and grocery retail market?
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The sudden change in shopping behavior is a sheer example of a skewed customer preferences graph.
With online supermarket delivery reaching your house from door to refrigerator, the proximity of customers and the products are reduced surprisingly.
But still to comply with the convenience, time-saving and other safety factors consumers are willing to spend an extra buck for the online items.
Also, online shopping acts as the last mile troubleshooter that guarantees every single commodity delivered at their doorstep.
Undoubtedly, the dislike of being stuck in a crowded supermarket and the laziness of driving to and from the store can be a significant reason for shifting to online shopping.
Since it’s an open platform there is no restriction in the digital world on comparing prices of the products.
