| Product Code: ETC13258319 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Grocery Market was valued at USD 11230 Billion in 2024 and is expected to reach USD 14380 Billion by 2031, growing at a compound annual growth rate of 16.28% during the forecast period (2025-2031).
The Global Grocery Market is a vast and diverse industry encompassing the sale of essential food and household items through various retail channels such as supermarkets, hypermarkets, convenience stores, and online platforms. The market is driven by factors such as population growth, urbanization, changing consumer preferences, and the increasing demand for convenience and healthy food options. Key trends in the market include the rise of e-commerce grocery shopping, the growing popularity of private label products, and the focus on sustainability and reducing food waste. Major players in the global grocery market include Walmart, Costco, Kroger, and Tesco, with regional players also playing a significant role in different parts of the world. The market is highly competitive, with retailers constantly innovating to meet evolving consumer needs and preferences.
The Global Grocery Market is witnessing several key trends and opportunities, driven by changing consumer preferences and technological advancements. Online grocery shopping continues to surge, with more consumers opting for convenient and time-saving options. Personalization and customization are becoming crucial as consumers seek tailored shopping experiences. Sustainability and ethical sourcing are also gaining importance, with consumers showing a preference for eco-friendly and socially responsible products. Additionally, the rise of health-conscious consumers is driving demand for organic, natural, and healthier food options. Opportunities lie in leveraging technology for efficient supply chain management, enhancing the online shopping experience, and expanding into emerging markets with growing disposable incomes. Retailers that can adapt to these trends and capitalize on these opportunities stand to succeed in the competitive Global Grocery Market.
The Global Grocery Market faces several challenges, including increasing competition from online retailers disrupting traditional brick-and-mortar stores, changing consumer preferences towards healthier and organic products, and the need for efficient supply chain management to reduce waste and improve sustainability. Additionally, geopolitical uncertainties, fluctuating commodity prices, and regulatory changes pose challenges for grocery retailers operating in multiple countries. Adapting to evolving technology trends, such as mobile shopping apps and personalized recommendations, is crucial for staying competitive in this dynamic market. Overall, grocery retailers must navigate these challenges while balancing customer demands, operational efficiencies, and profitability to succeed in the Global Grocery Market.
The Global Grocery Market is primarily driven by factors such as changing consumer preferences towards healthier and organic food products, increasing urbanization leading to higher demand for convenient and ready-to-eat options, and the rise of online grocery shopping platforms offering a wider product selection and home delivery services. Additionally, the growing awareness about sustainability and ethical sourcing practices among consumers is influencing purchasing decisions, with a focus on locally sourced and eco-friendly products. The competitive landscape and innovative marketing strategies implemented by grocery retailers to enhance customer experience and loyalty also play a significant role in driving the market growth. Overall, the evolving consumer trends, technological advancements, and increasing emphasis on health and sustainability are key drivers shaping the Global Grocery Market.
Government policies related to the Global Grocery Market vary by country but generally focus on ensuring food safety, promoting fair competition, and supporting sustainable agriculture practices. Common policies include regulations on food labeling, quality standards, import/export controls, and pricing practices. Some governments also provide subsidies or incentives to encourage local food production and distribution networks. In recent years, there has been a growing emphasis on reducing food waste and addressing issues of food insecurity through government programs and partnerships with private sector stakeholders. Additionally, trade agreements and tariff policies can impact the international grocery market by influencing the flow of goods across borders. Overall, government policies play a crucial role in shaping the dynamics of the Global Grocery Market and ensuring the availability of safe, affordable, and sustainable food options for consumers worldwide.
The Global Grocery Market is poised for significant growth in the coming years, driven by changing consumer preferences, technological advancements, and the increasing popularity of online grocery shopping. The market is expected to witness a shift towards more sustainable and health-conscious products, as well as a rise in demand for convenient and personalized shopping experiences. E-commerce is projected to play a major role in the market`s expansion, with more consumers opting for online grocery delivery services and click-and-collect options. Additionally, the COVID-19 pandemic has accelerated the adoption of digital grocery platforms, leading to a more integrated and seamless shopping experience for consumers worldwide. Overall, the Global Grocery Market is anticipated to thrive through innovation and adaptability to meet the evolving needs of consumers in the future.
In the global grocery market, Asia is a rapidly growing region due to increasing urbanization and rising disposable incomes, leading to a shift towards convenience and online shopping. North America is characterized by a strong presence of established supermarket chains and a growing demand for organic and health-conscious products. Europe boasts a diverse grocery landscape with a focus on sustainability, local sourcing, and premium offerings. The Middle East and Africa region is experiencing a rise in supermarket chains and hypermarkets, catering to a growing middle-class population. Latin America exhibits a mix of traditional markets and modern grocery retailers, with a rising trend towards e-commerce and digital platforms for grocery shopping. Overall, each region in the global grocery market presents unique opportunities and challenges for retailers and manufacturers to cater to evolving consumer preferences and market dynamics.
Global Grocery 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 Grocery Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Grocery Market Revenues & Volume, 2021 & 2031F |
3.3 Global Grocery Market - Industry Life Cycle |
3.4 Global Grocery Market - Porter's Five Forces |
3.5 Global Grocery Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Grocery Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Grocery Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Grocery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Grocery Market Trends |
6 Global Grocery Market, 2021 - 2031 |
6.1 Global Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Grocery Market, Revenues & Volume, By Packaged Food, 2021 - 2031 |
6.1.3 Global Grocery Market, Revenues & Volume, By Unpackaged Food, 2021 - 2031 |
6.1.4 Global Grocery Market, Revenues & Volume, By Drinks, 2021 - 2031 |
6.1.5 Global Grocery Market, Revenues & Volume, By Tobacco, 2021 - 2031 |
6.1.6 Global Grocery Market, Revenues & Volume, By Household Products, 2021 - 2031 |
6.1.7 Global Grocery Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Grocery Market, Revenues & Volume, By Supermarkets and Hypermarkets, 2021 - 2031 |
6.2.3 Global Grocery Market, Revenues & Volume, By Convenience Stores, 2021 - 2031 |
6.2.4 Global Grocery Market, Revenues & Volume, By Online Stores, 2021 - 2031 |
6.2.5 Global Grocery Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Grocery Market, Overview & Analysis |
7.1 North America Grocery Market Revenues & Volume, 2021 - 2031 |
7.2 North America Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Grocery Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Grocery Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Grocery Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Grocery Market, Overview & Analysis |
8.1 Latin America (LATAM) Grocery Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Grocery Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Grocery Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Grocery Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Grocery Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Grocery Market, Overview & Analysis |
9.1 Asia Grocery Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Grocery Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Grocery Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Grocery Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Grocery Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Grocery Market, Overview & Analysis |
10.1 Africa Grocery Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Grocery Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Grocery Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Grocery Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Grocery Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Grocery Market, Overview & Analysis |
11.1 Europe Grocery Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Grocery Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Grocery Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Grocery Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Grocery Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Grocery Market, Overview & Analysis |
12.1 Middle East Grocery Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Grocery Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Grocery Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Grocery Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Grocery Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Grocery Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Grocery Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Grocery Market Key Performance Indicators |
14 Global Grocery Market - Export/Import By Countries Assessment |
15 Global Grocery Market - Opportunity Assessment |
15.1 Global Grocery Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Grocery Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Grocery Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Grocery Market - Competitive Landscape |
16.1 Global Grocery Market Revenue Share, By Companies, 2024 |
16.2 Global Grocery Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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