Report Consultants forecasts the global food retail market expected to grow at US$+12.24 trillion in 2023, at a CAGR of +7% during the forecast period.”
Increasing customer preference towards private label brands, rising consumer spending on food items and increasing supermarket shopping culture are some of the major drivers of the food retail market. Market share of independent and specialist retailers is expected to decline on account of rapid growth of other segments such as supermarkets/hypermarkets.
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Top Key Players:
Walgreens Boots Alliance, Kroger, Carrefour, Tesco, Metro, Albertsons, Auchan Holding, Royal Ahold Delhaize, Seven&I, Finatis, Westfamers, Walmart, McDonalds, KFC, and BurgerKing
Geographically, Asia Pacific dominated the global food retail market in 2014; Then Europe follows. The growth of the retail food market in the Asia Pacific region is attributed to the growing awareness of consumers, nuclear families, the increase in per capita income and the increase in Western culture. China and India are the most populous countries in the Asia-Pacific region; local and small retailers dominate the retail food market in these countries. Europe is the second largest food retail market. It has a large number of branded retail stores and stores such as Tesco, Carrefour, Aldi and Auchan.
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On the basis of product, the report primarily split into Internet Sales, Store Sales
By Application, the market can be split into: Ending Consumers, Ad, and Others
The Food Retail market research report is elaborated by considering the various factors which has an impact on the businesses. It covers the applications of the global market along with the regional outlook throughout the different sectors. It gives some optimal solutions to tackle the risks and problems to the existing industries, which helps to discover the desired outcome.
Key Stakeholders of Food Retail Market: Food Retail Manufacturers, Food Retail Distributors/Traders/Wholesalers, Food Retail Subcomponent Manufacturers, Industry Association, Downstream Vendors, Available Customizations
The global food retail industry include various types of food products such as cereals, meat, packed foods, organic food items, breads, vegetables and fruits, seafood, dairy products, including ice creams, milk items and others and various other household food items. The global food retail markets incorporate the retail sales of variety of food products, both packaged and unpackaged, along with retail sales of alcoholic beverages and non-alcoholic beverages.
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