The global Food and Grocery Retail Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning & Household, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores & Clubs, Online)
The food and grocery retail market in 2024 is evolving rapidly, influenced by changing consumer behaviors and technological advancements. The market is characterized by the growing popularity of online grocery shopping, driven by the convenience and efficiency of e-commerce platforms and home delivery services. Brick-and-mortar stores are adapting by integrating digital technologies, such as self-checkout systems, mobile apps, and personalized promotions, to enhance the shopping experience. The demand for organic, locally sourced, and specialty foods is increasing as consumers become more health-conscious and environmentally aware. Additionally, sustainability practices, including waste reduction, eco-friendly packaging, and energy-efficient operations, are becoming essential for retailers to attract and retain customers. The food and grocery retail market is set for continued growth, driven by innovation and a focus on meeting diverse consumer needs.
The market report analyses the leading companies in the industry including 7-ELEVEN Inc, AEON Co Ltd, ALDI, Amazon.com Inc, Carrefour CA, Costco Wholesale Corp, Schwarz Gruppe, Target Brands Inc, The Kroger Co., Walmart Inc, and Others.
One of the most prominent trends in the food and grocery retail market is the increasing digitization and integration of e-commerce platforms. With the rise of online shopping and changing consumer shopping behaviors, traditional brick-and-mortar retailers are embracing digital technologies to enhance the shopping experience and meet evolving customer expectations. This trend encompasses various aspects, including the development of mobile apps for convenient ordering, the implementation of omnichannel strategies for seamless shopping across online and offline channels, and the adoption of data analytics and artificial intelligence for personalized recommendations and targeted marketing. Retailers are also partnering with third-party delivery services and investing in last-mile logistics solutions to offer efficient and reliable delivery options. As more consumers opt for the convenience of online shopping, retailers are adapting their strategies to remain competitive in an increasingly digital marketplace.
A key driver of the food and grocery retail market is the consumer demand for convenience and accessibility. Busy lifestyles, urbanization, and the prevalence of dual-income households have led to a shift in consumer shopping preferences towards convenient and time-saving options. As a result, consumers seek retail formats that offer a wide selection of products, convenient locations, extended operating hours, and flexible shopping options such as online ordering and home delivery. This driver is further fueled by demographic shifts, including an aging population and the increasing number of single-person households, which drive demand for smaller portion sizes, ready-to-eat meals, and specialized dietary products. Retailers that prioritize convenience and accessibility in their offerings stand to gain market share and customer loyalty by catering to the evolving needs of modern consumers.
A significant opportunity for food and grocery retailers lies in innovation in sustainable and health-conscious products. With growing awareness of environmental sustainability and health and wellness, consumers are increasingly seeking products that align with their values and support their lifestyle choices. This presents an opportunity for retailers to expand their product assortments to include organic, natural, and sustainably sourced foods, as well as plant-based and allergen-friendly options. Retailers can also capitalize on the trend towards healthier eating by offering curated selections of nutritious foods, functional beverages, and wellness-focused products. Moreover, retailers can differentiate themselves by implementing eco-friendly packaging initiatives, reducing food waste through innovative strategies, and supporting local and artisanal producers. By embracing sustainability and wellness trends, food and grocery retailers can attract environmentally and health-conscious consumers and drive growth in an increasingly competitive market landscape.
Within the Food and Grocery Retail Market, the fresh food segment is the largest, commanding a significant share of the industry. This dominance can be attributed to several factors, including consumer preferences for fresh, high-quality produce and perishable items, the increasing focus on health and wellness, and the rising demand for organic and locally sourced products. Fresh food encompasses a wide range of items, including fruits, vegetables, meats, seafood, dairy products, and bakery items, among others. Further, fresh food is perceived as essential for maintaining a nutritious diet and is often associated with premium quality and superior taste. Additionally, the growing trend of home cooking and meal preparation has driven the demand for fresh ingredients, further bolstering the growth of this segment. As consumers prioritize freshness, taste, and nutritional value in their food purchases, the fresh food segment is expected to maintain its stronghold, driving market growth and innovation in the Food and Grocery Retail Market.
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
7-ELEVEN Inc
AEON Co Ltd
ALDI
Amazon.com Inc
Carrefour CA
Costco Wholesale Corp
Schwarz Gruppe
Target Brands Inc
The Kroger Co.
Walmart Inc
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Food and Grocery Retail Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Food and Grocery Retail Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Food and Grocery Retail Market Share by Company, 2023
4.1.2. Product Offerings of Leading Food and Grocery Retail Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Food and Grocery Retail Market Drivers
6.2. Food and Grocery Retail Market Challenges
6.6. Food and Grocery Retail Market Opportunities
6.4. Food and Grocery Retail Market Trends
Chapter 7. Global Food and Grocery Retail Market Outlook Trends
7.1. Global Food and Grocery Retail Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Food and Grocery Retail Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Food and Grocery Retail Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 8. Global Food and Grocery Retail Regional Analysis and Outlook
8.1. Global Food and Grocery Retail Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Food and Grocery Retail Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Food and Grocery Retail Regional Analysis and Outlook
8.2.2. Canada Food and Grocery Retail Regional Analysis and Outlook
8.2.3. Mexico Food and Grocery Retail Regional Analysis and Outlook
8.3. Europe Food and Grocery Retail Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Food and Grocery Retail Regional Analysis and Outlook
8.3.2. France Food and Grocery Retail Regional Analysis and Outlook
8.3.3. United Kingdom Food and Grocery Retail Regional Analysis and Outlook
8.3.4. Spain Food and Grocery Retail Regional Analysis and Outlook
8.3.5. Italy Food and Grocery Retail Regional Analysis and Outlook
8.3.6. Russia Food and Grocery Retail Regional Analysis and Outlook
8.3.7. Rest of Europe Food and Grocery Retail Regional Analysis and Outlook
8.4. Asia Pacific Food and Grocery Retail Revenue (USD Million) by Country (2021-2032)
8.4.1. China Food and Grocery Retail Regional Analysis and Outlook
8.4.2. Japan Food and Grocery Retail Regional Analysis and Outlook
8.4.3. India Food and Grocery Retail Regional Analysis and Outlook
8.4.4. South Korea Food and Grocery Retail Regional Analysis and Outlook
8.4.5. Australia Food and Grocery Retail Regional Analysis and Outlook
8.4.6. South East Asia Food and Grocery Retail Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Food and Grocery Retail Regional Analysis and Outlook
8.5. South America Food and Grocery Retail Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Food and Grocery Retail Regional Analysis and Outlook
8.5.2. Argentina Food and Grocery Retail Regional Analysis and Outlook
8.5.3. Rest of South America Food and Grocery Retail Regional Analysis and Outlook
8.6. Middle East and Africa Food and Grocery Retail Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Food and Grocery Retail Regional Analysis and Outlook
8.6.2. Africa Food and Grocery Retail Regional Analysis and Outlook
Chapter 9. North America Food and Grocery Retail Analysis and Outlook
9.1. North America Food and Grocery Retail Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Food and Grocery Retail Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Food and Grocery Retail Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Food and Grocery Retail Revenue (USD Million) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 10. Europe Food and Grocery Retail Analysis and Outlook
10.1. Europe Food and Grocery Retail Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Food and Grocery Retail Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Food and Grocery Retail Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Food and Grocery Retail Revenue (USD Million) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 11. Asia Pacific Food and Grocery Retail Analysis and Outlook
11.1. Asia Pacific Food and Grocery Retail Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Food and Grocery Retail Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Food and Grocery Retail Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Food and Grocery Retail Revenue (USD Million) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 12. South America Food and Grocery Retail Analysis and Outlook
12.1. South America Food and Grocery Retail Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Food and Grocery Retail Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Food and Grocery Retail Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Food and Grocery Retail Revenue (USD Million) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 13. Middle East and Africa Food and Grocery Retail Analysis and Outlook
13.1. Middle East and Africa Food and Grocery Retail Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Food and Grocery Retail Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Food and Grocery Retail Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Food and Grocery Retail Revenue (USD Million) by Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Chapter 14. Food and Grocery Retail Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
7-ELEVEN Inc
AEON Co Ltd
ALDI
Amazon.com Inc
Carrefour CA
Costco Wholesale Corp
Schwarz Gruppe
Target Brands Inc
The Kroger Co.
Walmart Inc
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Food and Grocery Retail Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Food and Grocery Retail Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Food and Grocery Retail Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Food and Grocery Retail Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Food and Grocery Retail Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Food and Grocery Retail Market Share (%) By Regions (2021-2032)
Table 12 North America Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Table 15 South America Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Table 17 North America Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Table 18 North America Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Table 19 North America Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Table 26 South America Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Table 27 South America Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Table 28 South America Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Food and Grocery Retail Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Food and Grocery Retail Market Share (%) By Regions (2023)
Figure 6. North America Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 12. France Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 12. China Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 14. India Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Food and Grocery Retail Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Food and Grocery Retail Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Food and Grocery Retail Revenue (USD Million) By Product (2021-2032)
By Product
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Departmental Stores & Clubs
Online
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Food and Grocery Retail Market Size is valued at $12356 Billion in 2024 and is forecast to register a growth rate (CAGR) of 3.6% to reach $16396.7 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
7-ELEVEN Inc, AEON Co Ltd, ALDI, Amazon.com Inc, Carrefour CA, Costco Wholesale Corp, Schwarz Gruppe, Target Brands Inc, The Kroger Co., Walmart Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume