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Food Retail Market: By Product, By Distribution Channel and Region Forecast 2019-2030
Food Retail Market: By Product, By Distribution Channel and Region Forecast 2019-2030
Food Retail Market size was valued at US$ 183,628.5 million in 2023 and projected to reach US$ 201,004.7 million by 2030 is poised to grow at 1.3% CAGR from 2024-2030. The market is driven by several factors like rising disposable income, shifting demographics, an e-commerce boom, and increased health consciousness. As economies grow, consumers have more money to spend on food, including higher-quality items and convenience options. The aging population and growing urbanization are driving demand for prepared meals, smaller portion sizes, and easy-to-cook options. Online grocery shopping is on the rise, offering convenience and a wider selection, particularly for busy urban dwellers.
Consumers are increasingly interested in healthy, organic, and locally sourced food, creating a niche market for specialty stores and private-label goods. Yet supply chain disruptions, labor shortages, rising food prices, and competition are the constraints in the market that hinder the progress of the market. Despite these challenges omnichannel retailing, personalization, sustainability initiatives, and subscription services are the opportunities, and automation, focus on freshness, experiential retail, and plant-based alternatives are the trends in the food retail market due to these opportunities and trends there is a significant growth in the upcoming years.
Study Period
2024-2030Base Year
2023CAGR
1.3%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The food retail market is propelling due to the integration of physical stores with online platforms creating a seamless shopping experience, offering customers convenience and flexibility. Additionally, leveraging data analytics to personalize product offerings and promotions can attract and retain customers and are increasingly eco-conscious, presenting opportunities for retailers to stock sustainable products and reduce their environmental footprint. Offering curated meal kits or grocery subscription boxes caters to busy consumers seeking convenience and variety.
Retailers are adopting automation technologies like self-checkout kiosks and warehouse robots to improve efficiency and reduce costs. Also incorporating dining areas, cooking demonstrations, and other in-store experiences to attract customers and create a destination feel. Consumers are focusing on freshness, high-quality produce, and prepared meals, leading to an emphasis on shorter supply chains and local sourcing and the rise of vegan and vegetarian diets is driving demand for plant-based meat and dairy substitutes
Asia Pacific (APAC) region holds the biggest market share due to factors like large populations in countries like China and India, leading to high revenue in food and grocery sales and growing disposable incomes allowing for increased spending on food.
North America mature market with established players like Walmart and Kroger. Sees strong growth in online grocery sales and continued dominance of supermarkets.
Europe is a well-developed market with diverse retail formats, including discount grocers and specialty stores. Latin America shows promising growth potential due to a rising middle class and increasing urbanization.
Middle East & African regions with untapped potential, but fragmented markets and logistical challenges present hurdles.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 183,628.5 million |
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Market Size in 2030 |
US$ 201,004.7 million |
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Market CAGR |
1.3% |
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By Product Type |
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By Distribution Channel |
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By Region |
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The food retail market size was valued at US$ 183,628.5 million in 2023 and is projected to grow at 1.3% CAGR over the forecast years to reach US$ 201,004.7 million by 2030.
The food retail market key players are Seven and I Holdings Co., Ltd., Costco Wholesale Corp, REWE Group, The Kroger Co., Carrefour S.A., Wal-Mart Stores, Metro AG, Tesco Plc, Group, Auchan S.A., Marks and Spencer Plc.
• Omnichannel retailing. • Personalization • Sustainability initiatives • Subscription services
• Supply chain disruptions. • Labor shortages • Rising food prices • Competition
Market research is segmented based on product, distribution channel, and region.
Asia-Pacific is the dominating region in the food retail
| 1.Executive Summary |
| 2.Global Food Retail Market Introduction |
| 2.1.Global Food Retail Market - Taxonomy |
| 2.2.Global Food Retail Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Distribution Channel |
| 2.2.3.Region |
| 3.Global Food Retail Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Food Retail Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Food Retail Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fresh Food |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Frozen Food |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Food Cupboard |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Beverages |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Cleaning & Household |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Food Retail Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Supermarkets & Hypermarkets |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Convenience Stores, Departmental Stores & Clubs |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Online |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Food Retail Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Food Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Fresh Food |
| 8.1.2.Frozen Food |
| 8.1.3.Food Cupboard |
| 8.1.4.Beverages |
| 8.1.5.Cleaning & Household |
| 8.1.6.Others |
| 8.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Supermarkets & Hypermarkets |
| 8.2.2.Convenience Stores, Departmental Stores & Clubs |
| 8.2.3.Online |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Food Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fresh Food |
| 9.1.2.Frozen Food |
| 9.1.3.Food Cupboard |
| 9.1.4.Beverages |
| 9.1.5.Cleaning & Household |
| 9.1.6.Others |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Supermarkets & Hypermarkets |
| 9.2.2.Convenience Stores, Departmental Stores & Clubs |
| 9.2.3.Online |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Food Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fresh Food |
| 10.1.2.Frozen Food |
| 10.1.3.Food Cupboard |
| 10.1.4.Beverages |
| 10.1.5.Cleaning & Household |
| 10.1.6.Others |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Supermarkets & Hypermarkets |
| 10.2.2.Convenience Stores, Departmental Stores & Clubs |
| 10.2.3.Online |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Food Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fresh Food |
| 11.1.2.Frozen Food |
| 11.1.3.Food Cupboard |
| 11.1.4.Beverages |
| 11.1.5.Cleaning & Household |
| 11.1.6.Others |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Supermarkets & Hypermarkets |
| 11.2.2.Convenience Stores, Departmental Stores & Clubs |
| 11.2.3.Online |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Food Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fresh Food |
| 12.1.2.Frozen Food |
| 12.1.3.Food Cupboard |
| 12.1.4.Beverages |
| 12.1.5.Cleaning & Household |
| 12.1.6.Others |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Supermarkets & Hypermarkets |
| 12.2.2.Convenience Stores, Departmental Stores & Clubs |
| 12.2.3.Online |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Seven and I Holdings Co., Ltd. |
| 13.2.2.Costco Wholesale Corp |
| 13.2.3.REWE Group |
| 13.2.4.The Kroger Co. |
| 13.2.5.Carrefour S.A. |
| 13.2.6.Wal-Mart Stores |
| 13.2.7.Metro AG |
| 13.2.8.Tesco Plc |
| 13.2.9.Group Auchan S.A. |
| 13.2.10.Marks and Spencer Plc |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.