Product Code: ETC13324345 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Grocery Retail Market was valued at USD 1300 Billion in 2024 and is expected to reach USD 1892.8 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Grocery Retail Market encompasses the sale of food and other household essentials through various channels such as supermarkets, hypermarkets, convenience stores, and online platforms. With an increasing focus on convenience and changing consumer preferences, the market has witnessed a significant shift towards online grocery shopping in recent years. Key trends shaping the market include the rise of e-commerce, demand for organic and locally sourced products, and the implementation of technology-driven solutions for inventory management and customer engagement. The market is highly competitive, with major players like Walmart, Kroger, and Tesco dominating the industry. As the global population continues to grow and urbanize, the grocery retail market is expected to experience further expansion, driven by evolving consumer needs and advancements in technology.
The Global Grocery Retail Market is experiencing a shift towards online and omnichannel shopping as consumers seek convenience and safety amid the ongoing pandemic. E-commerce sales in the grocery sector are rapidly increasing, leading to opportunities for retailers to invest in digital platforms and optimize their supply chain for efficient online operations. Personalization and sustainability are also key trends driving consumer preferences, with shoppers looking for tailored shopping experiences and environmentally friendly products. Additionally, the rise of online grocery delivery services and click-and-collect options presents opportunities for retailers to enhance customer satisfaction and loyalty. Overall, embracing digital transformation, focusing on sustainability, and improving the shopping experience are crucial strategies for retailers to succeed in the evolving global grocery retail market.
The Global Grocery Retail Market faces various challenges including increasing competition from e-commerce players, changing consumer preferences towards healthier and organic products, supply chain disruptions, and rising operational costs. Retailers are constantly under pressure to innovate and adapt to meet the evolving needs of customers while also ensuring efficient inventory management and delivery systems. Additionally, regulatory changes, economic uncertainties, and sustainability concerns further add complexity to the market landscape. To stay competitive, grocery retailers need to invest in technology, data analytics, and strategic partnerships to enhance customer experience, optimize operations, and differentiate themselves in a crowded market.
The Global Grocery Retail Market is primarily driven by factors such as changing consumer preferences towards convenience and healthy eating, the growth of online grocery shopping, urbanization leading to increased demand for ready-to-eat and packaged foods, and the expansion of supermarket chains into emerging markets. Additionally, the trend of personalized shopping experiences, focus on sustainability and ethical sourcing, and advancements in technology impacting supply chain management and inventory optimization are key drivers shaping the market. The competitive landscape with the entry of new players offering innovative products and services, as well as the emphasis on enhancing customer loyalty through loyalty programs and targeted marketing strategies, also play a significant role in driving growth in the Global Grocery Retail Market.
Government policies related to the Global Grocery Retail Market vary across countries, but common themes include regulations on food safety, labeling, and pricing. Many countries have established standards to ensure the quality and safety of food products sold in grocery stores. Additionally, some governments have implemented policies to promote healthy eating habits among consumers, such as requiring nutritional information on packaging or limiting the marketing of unhealthy foods to children. In terms of pricing, some countries have regulations in place to prevent price gouging or unfair practices by grocery retailers. Overall, government policies play a critical role in shaping the operations and consumer interactions within the Global Grocery Retail Market.
The Global Grocery Retail Market is poised for steady growth in the coming years driven by factors such as increasing urbanization, changing consumer preferences towards convenience and health-oriented products, and the rise of online grocery shopping. The market is expected to witness a significant shift towards e-commerce platforms as consumers seek more convenient and efficient ways to purchase groceries. Additionally, the focus on sustainability, ethical sourcing, and local products is likely to continue shaping the market landscape. As technology advances, personalized shopping experiences and innovative delivery options are projected to further enhance the customer shopping journey. Overall, the Global Grocery Retail Market is anticipated to evolve with a strong emphasis on digital transformation, sustainability, and meeting the evolving needs of the modern consumer.
In the global grocery retail market, each region presents unique growth opportunities and challenges. Asia is experiencing rapid urbanization and a growing middle-class population, driving demand for convenience and premium grocery products. North America has a mature market with a strong focus on e-commerce and sustainability, leading to increased competition among retailers. Europe is characterized by a high level of market saturation, prompting retailers to innovate with technology and personalized shopping experiences. The Middle East and Africa region is witnessing a rise in organized retail formats and a shift towards healthier food options. Latin America faces economic uncertainties but shows potential for growth due to increasing disposable incomes and changing consumer preferences towards convenience and organic products. Overall, the global grocery retail market is dynamic and evolving, with each region offering distinct opportunities for retailers to expand and succeed.
Global 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 Grocery Retail Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Grocery Retail Market Revenues & Volume, 2021 & 2031F |
3.3 Global Grocery Retail Market - Industry Life Cycle |
3.4 Global Grocery Retail Market - Porter's Five Forces |
3.5 Global Grocery Retail Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Grocery Retail Market Revenues & Volume Share, By Store Type, 2021 & 2031F |
3.7 Global Grocery Retail Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Global Grocery Retail Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Global Grocery Retail Market Revenues & Volume Share, By Ownership Type, 2021 & 2031F |
3.10 Global Grocery Retail Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Grocery Retail Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Grocery Retail Market Trends |
6 Global Grocery Retail Market, 2021 - 2031 |
6.1 Global Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Grocery Retail Market, Revenues & Volume, By Supers, 2021 - 2031 |
6.1.3 Global Grocery Retail Market, Revenues & Volume, By Hypers, 2021 - 2031 |
6.1.4 Global Grocery Retail Market, Revenues & Volume, By Convenience Stores, 2021 - 2031 |
6.2 Global Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Grocery Retail Market, Revenues & Volume, By Fresh Produce, 2021 - 2031 |
6.2.3 Global Grocery Retail Market, Revenues & Volume, By Packaged Foods, 2021 - 2031 |
6.2.4 Global Grocery Retail Market, Revenues & Volume, By Beverages, 2021 - 2031 |
6.3 Global Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Grocery Retail Market, Revenues & Volume, By Online, 2021 - 2031 |
6.3.3 Global Grocery Retail Market, Revenues & Volume, By Offline, 2021 - 2031 |
6.3.4 Global Grocery Retail Market, Revenues & Volume, By Hybrid, 2021 - 2031 |
6.4 Global Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Grocery Retail Market, Revenues & Volume, By Chain-Owned, 2021 - 2031 |
6.4.3 Global Grocery Retail Market, Revenues & Volume, By Franchise, 2021 - 2031 |
6.4.4 Global Grocery Retail Market, Revenues & Volume, By Independent, 2021 - 2031 |
6.5 Global Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Grocery Retail Market, Revenues & Volume, By AI-Based Inventory, 2021 - 2031 |
6.5.3 Global Grocery Retail Market, Revenues & Volume, By RFID-Based Tracking, 2021 - 2031 |
6.5.4 Global Grocery Retail Market, Revenues & Volume, By Automated Cashier, 2021 - 2031 |
7 North America Grocery Retail Market, Overview & Analysis |
7.1 North America Grocery Retail Market Revenues & Volume, 2021 - 2031 |
7.2 North America Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
7.4 North America Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.5 North America Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7.6 North America Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
7.7 North America Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Grocery Retail Market, Overview & Analysis |
8.1 Latin America (LATAM) Grocery Retail Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
8.4 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.5 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8.6 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
8.7 Latin America (LATAM) Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Grocery Retail Market, Overview & Analysis |
9.1 Asia Grocery Retail Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
9.4 Asia Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.5 Asia Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9.6 Asia Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
9.7 Asia Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Grocery Retail Market, Overview & Analysis |
10.1 Africa Grocery Retail Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
10.4 Africa Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.5 Africa Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10.6 Africa Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
10.7 Africa Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Grocery Retail Market, Overview & Analysis |
11.1 Europe Grocery Retail Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
11.4 Europe Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.5 Europe Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11.6 Europe Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
11.7 Europe Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Grocery Retail Market, Overview & Analysis |
12.1 Middle East Grocery Retail Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Grocery Retail Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Grocery Retail Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Grocery Retail Market, Revenues & Volume, By Store Type, 2021 - 2031 |
12.4 Middle East Grocery Retail Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.5 Middle East Grocery Retail Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12.6 Middle East Grocery Retail Market, Revenues & Volume, By Ownership Type, 2021 - 2031 |
12.7 Middle East Grocery Retail Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Grocery Retail Market Key Performance Indicators |
14 Global Grocery Retail Market - Export/Import By Countries Assessment |
15 Global Grocery Retail Market - Opportunity Assessment |
15.1 Global Grocery Retail Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Grocery Retail Market Opportunity Assessment, By Store Type, 2021 & 2031F |
15.3 Global Grocery Retail Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.4 Global Grocery Retail Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
15.5 Global Grocery Retail Market Opportunity Assessment, By Ownership Type, 2021 & 2031F |
15.6 Global Grocery Retail Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Grocery Retail Market - Competitive Landscape |
16.1 Global Grocery Retail Market Revenue Share, By Companies, 2024 |
16.2 Global Grocery Retail Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |