Product Code: ETC13291256 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Food & Grocery Retail Market was valued at USD 9100 Billion in 2024 and is expected to reach USD 12550 Billion by 2031, growing at a compound annual growth rate of 13.70% during the forecast period (2025-2031).
The Global Food & Grocery Retail Market is a dynamic and highly competitive industry encompassing the sale of food products and everyday essentials through various retail channels such as supermarkets, hypermarkets, convenience stores, and online platforms. The market is driven by factors such as changing consumer preferences, urbanization, increasing disposable incomes, and the rise of e-commerce. Key trends include the growing demand for organic and healthy food products, convenience-driven shopping experiences, and the adoption of technology for online grocery shopping. Major players in the market are constantly innovating to enhance customer experience, optimize supply chain efficiency, and expand their product offerings. The market is expected to continue growing, driven by emerging markets, changing lifestyles, and the increasing focus on sustainability and ethical sourcing practices.
The Global Food & Grocery Retail Market is witnessing several trends and opportunities. One major trend is the growing demand for online grocery shopping, driven by convenience and changing consumer behaviors. E-commerce platforms are expanding their grocery offerings, providing opportunities for retailers to tap into the digital market. Health and wellness products are also gaining popularity, leading to an increased focus on organic, natural, and sustainable food options. Personalization and customization are becoming more important as consumers seek unique and tailored shopping experiences. Additionally, the rise of urbanization and busy lifestyles are driving the demand for quick and convenient meal solutions. To capitalize on these trends, retailers can invest in e-commerce infrastructure, expand their health-focused product lines, and enhance customer engagement through personalized offerings and convenience-driven services.
The Global Food & Grocery Retail Market faces several challenges including increasing competition from e-commerce and online grocery platforms, changing consumer preferences towards healthier and organic products, rising operational costs due to inflation and supply chain disruptions, and the need to adapt to evolving technologies for efficient inventory management and customer service. Additionally, sustainability concerns and regulatory requirements related to food safety and labeling present ongoing challenges for retailers in this market. Balancing the demand for convenience with the need to provide quality products at competitive prices remains a key challenge for food and grocery retailers globally. Successfully addressing these challenges requires strategic planning, innovation, and the ability to quickly adapt to market trends and consumer demands.
The Global Food & Grocery Retail Market is primarily driven by factors such as changing consumer preferences towards convenience and value-for-money options, increasing urbanization leading to higher demand for ready-to-eat and packaged foods, and the growing trend of online grocery shopping. Additionally, the rising awareness about health and wellness among consumers has fueled the demand for organic and healthier food products. Furthermore, technological advancements in supply chain management and the integration of digital tools for a seamless shopping experience have also contributed to the market growth. The COVID-19 pandemic has further accelerated the shift towards e-commerce and contactless shopping, driving the market expansion for food and grocery retail both online and offline.
Government policies related to the Global Food & Grocery Retail Market vary widely across regions but commonly focus on food safety regulations, product labeling requirements, import/export restrictions, and competition laws. In many countries, government bodies such as the FDA in the US or the European Commission in the EU set standards for food quality and safety to protect consumers. Additionally, some governments impose tariffs or quotas on food imports to support domestic agriculture. Competition laws aim to prevent monopolies and promote fair market competition within the food retail sector. Overall, government policies in the Global Food & Grocery Retail Market aim to balance consumer protection, industry growth, and sustainable practices to ensure a stable and competitive market environment.
The Global Food & Grocery Retail Market is expected to witness steady growth in the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and changing consumer preferences towards convenience and healthier food options. E-commerce and digitalization are also set to play a significant role in shaping the market, with online grocery shopping gaining popularity among consumers. However, the industry will continue to face challenges such as intense competition, evolving regulations, and supply chain disruptions. Sustainability and ethical sourcing are anticipated to become key focus areas for retailers to meet changing consumer demands. Overall, the market is poised for expansion, with a shift towards innovative technologies and strategies to cater to the evolving needs of consumers worldwide.
In the Global Food & Grocery Retail Market, each region presents unique characteristics and trends. Asia is experiencing rapid urbanization and a growing middle class, leading to increased demand for convenience and premium products. North America is seeing a rise in online grocery shopping and a focus on health-conscious products. Europe is embracing sustainable practices and innovative store formats, such as smaller convenience stores. The Middle East and Africa region is witnessing a shift towards modern grocery retail formats, driven by urbanization and changing consumer preferences. Latin America is characterized by a diverse retail landscape, with traditional markets coexisting with modern supermarkets and a rising interest in organic and natural products. Overall, the food and grocery retail market in each region is influenced by factors such as economic development, consumer behavior, and technological advancements.
Global Food & Grocery Retail Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Food & Grocery Retail Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Food & Grocery Retail Market Revenues & Volume, 2021 & 2031F |
3.3 Global Food & Grocery Retail Market - Industry Life Cycle |
3.4 Global Food & Grocery Retail Market - Porter's Five Forces |
3.5 Global Food & Grocery Retail Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Food & Grocery Retail Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Food & Grocery Retail Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Food & Grocery Retail Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Food & Grocery Retail Market Trends |
6 Global Food & Grocery Retail Market, 2021 - 2031 |
6.1 Global Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Food & Grocery Retail Market, Revenues & Volume, By Fresh Food, 2021 - 2031 |
6.1.3 Global Food & Grocery Retail Market, Revenues & Volume, By Frozen Food, 2021 - 2031 |
6.1.4 Global Food & Grocery Retail Market, Revenues & Volume, By Food Cupboard, 2021 - 2031 |
6.1.5 Global Food & Grocery Retail Market, Revenues & Volume, By Beverages, 2021 - 2031 |
6.1.6 Global Food & Grocery Retail Market, Revenues & Volume, By Cleaning & Household, 2021 - 2031 |
6.1.7 Global Food & Grocery Retail Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Food & Grocery Retail Market, Revenues & Volume, By Supermarkets & Hypermarkets, 2021 - 2031 |
6.2.3 Global Food & Grocery Retail Market, Revenues & Volume, By Convenience Stores, 2021 - 2031 |
6.2.4 Global Food & Grocery Retail Market, Revenues & Volume, By Departmental Stores & Clubs, 2021 - 2031 |
6.2.5 Global Food & Grocery Retail Market, Revenues & Volume, By Online, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Food & Grocery Retail Market, Overview & Analysis |
7.1 North America Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
7.2 North America Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Food & Grocery Retail Market, Overview & Analysis |
8.1 Latin America (LATAM) Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Food & Grocery Retail Market, Overview & Analysis |
9.1 Asia Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Food & Grocery Retail Market, Overview & Analysis |
10.1 Africa Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Food & Grocery Retail Market, Overview & Analysis |
11.1 Europe Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Food & Grocery Retail Market, Overview & Analysis |
12.1 Middle East Food & Grocery Retail Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Food & Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Food & Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Food & Grocery Retail Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Food & Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Food & Grocery Retail Market Key Performance Indicators |
14 Global Food & Grocery Retail Market - Export/Import By Countries Assessment |
15 Global Food & Grocery Retail Market - Opportunity Assessment |
15.1 Global Food & Grocery Retail Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Food & Grocery Retail Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Food & Grocery Retail Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Food & Grocery Retail Market - Competitive Landscape |
16.1 Global Food & Grocery Retail Market Revenue Share, By Companies, 2024 |
16.2 Global Food & Grocery Retail Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |