Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global food & grocery retail market size was worth USD 12.29 trillion in 2020 and is anticipated to register an annual growth rate of 5% over 2021-2027, thereby accumulating USD 17.29 trillion by the end of the analysis timeline.
A granular examination of the various segments and regional landscape of the marketplace is incorporated. Besides, it offers valuable insights pertaining to the competitive arena highlighting the leading market players and pivotal factors associated with them. Lastly, the document also elaborates on the various strategies used by the listed companies to strengthen their foothold in the market and to garner substantial returns.
Increase in retail sales, and rise in proportion of middle income customers are the major factors aiding the expansion of the marketplace. Citing an instance, as per the data released by the World Bank, the worldwide middle-income population has jumped from 5.66 billion in 2017 to 5.75 billion in 2019.
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In addition, escalating demand for food products, increasing e-commerce sales, and growing food processing vertical are further augmenting the industry outlook.
On the contrary, supply chain disruptions due to several factors like COVID-19 pandemic and transport restrictions are likely to hamper the remuneration scope of global food & grocery retail market in the ensuing years.
Highlighting market segments
By product terrain, the market is bifurcated into packaged food, unpackaged food, tobacco, drinks, and household products. In terms of application, the industry is split into bakery & confectionary, meat, poultry & seafood, dairy products, beverages, and others. Whereas, segmentation based on distribution channel includes supermarkets & hypermarkets, online, and convenience stores.
Expounding regional terrain
North America, Europe, Latin America, and Asia Pacific are the major regions considered to understand the dynamics of this business sphere. Among these, Asia Pacific presently holds a significant market share and is projected to expand considerably over 2021-2027, ascribing to increase in e-commerce retail sales, and strong demand for processed & packaged food.
Furthermore, convenient government policies to promote transportation and manufacturing, along with surging investments by private companies are also adding to the growth of APAC market.
Competitive hierarchy
Key players operating in global food & grocery retail market are Enpro Industries, Inc., IDEX Corporation, Trelleborg AB, Parker-Hannifin Corporation, SKF USA, Inc., A.W. Chesterton Company, Inc., The Flowserve Corporation, Smiths Group plc, Aesseal plc, and Freudenberg Group.
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Global Food & Grocery Retail Market, by Product (Revenue, USD Trillion, 2018-2027)
- Packaged Food
- Unpackaged Food
- Drinks
- Tobacco
- Household Products
Global Food & Grocery Retail Market, by Application (Revenue, USD Trillion, 2018-2027)
- Beverages
- Dairy Products
- Poultry & Seafood
- Meat
- Bakery & Confectionary
- Others
Global Food & Grocery Retail Market, by Distribution Channel (Revenue, USD Trillion, 2018-2027)
- Supermarkets & Hypermarkets
- Convenience Store
- Online
Global Food & Grocery Retail Market, Regional Analysis (Revenue, USD Trillion, 2018-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Rest of The World
Global Food & Grocery Retail Market, Competitive Hierarchy (Revenue, USD Trillion, 2018-2027)
- Enpro Industries, Inc.
- IDEX Corporation
- Trelleborg AB
- Parker-Hannifin Corporation
- SKF USA, Inc.
- A.W. Chesterton Company, Inc.
- The Flowserve Corporation
- Smiths Group plc
- Aesseal plc
- Freudenberg Group
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Trillion)
1.2.1. Food & Grocery Retail Market, by Region, 2019-2027 (USD Trillion)
1.2.2. Food & Grocery Retail Market, by Product, 2019-2027 (USD Trillion)
1.2.3. Food & Grocery Retail Market, by Distribution Channel, 2019-2027 (USD Trillion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food & Grocery Retail Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food & Grocery Retail Market Dynamics
3.1. Food & Grocery Retail Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing retail sales
3.1.1.2. Increase in middle income consumers
3.1.2. Market Restraint
3.1.2.1. Disruptions in supply chain
3.1.3. Market Opportunities
3.1.3.1. Growing e-commerce sales
3.1.3.2. Increasing food processing industry
Chapter 4. Global Food & Grocery Retail Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Food & Grocery Retail Market, by Product
5.1. Market Snapshot
5.2. Global Food & Grocery Retail Market by Product, Performance - Potential Analysis
5.3. Global Food & Grocery Retail Market Estimates & Forecasts by Product 2018-2027 (USD Trillion)
5.4. Food & Grocery Retail Market, Sub Segment Analysis
5.4.1. Packaged Food
5.4.2. Unpackaged Food
5.4.3. Drinks
5.4.4. Tobacco
5.4.5. Household Products
Chapter 6. Global Food & Grocery Retail Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Food & Grocery Retail Market by Distribution Channel, Performance - Potential Analysis
6.3. Global Food & Grocery Retail Market Estimates & Forecasts by Distribution Channel 2018-2027 (USD Trillion)
6.4. Food & Grocery Retail Market, Sub Segment Analysis
6.4.1. Supermarkets & Hypermarkets
6.4.2. Convenience Store
6.4.3. Online
Chapter 7. Global Food & Grocery Retail Market, Regional Analysis
Related Report:
Global Online Grocery Market Size, and Regional Forecasts 2021-2027
Global Online Grocery Market to reach USD 1116.96 billion by 2027. Global Online Grocery Market is valued approximately USD 236.88 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 24.8 % over the forecast period 2021-2027. Online grocery store is a supermarket or a grocery store which allows the consumers, online ordering of grocery items. The increase in an individual's disposable income and people choosing comfort and ease of availability are the major driving factors. Amid the pandemic, as people are avoiding going out and reducing their social contact, there is a surge in the use of online e-commerce services, especially grocery items. According to the UN conference on trade and development, the global e-commerce sales reached 29 trillion in 2017. To add to the statistics the number of online shoppers increased to 1.34 billion. Also, rising number of smartphone users has also contributed to the growth of the sector.
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