Wiseguyreports.Com Publish New Market Research Report On-“Food Retail Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026”
PUNE, MAHARASTRA, INDIA, October 15, 2020 /EINPresswire.com/ —
Food retail industry includes a wide range of food products such as packed foods, cereals, different types of breads, organic food items, dairy products, fruits, vegetables, and seafood. Apart from packed and unpacked food products, the industry also includes retail sales of alcoholic and non-alcoholic beverages. Retail stores have a number of ready-to-eat food products as well. Owing to the fast and busy lifestyle, increasing income, and growing attraction towards different types of snacks and foods, the industry is likely to witness good growth over the forecast period.
Market by Top Food Retailing Companies, this report covers
Walgreens Boots Alliance
Royal Ahold Delhaize
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There has been a noticeable change in customer preferences in the past few years and a sharp increase in online shopping. These factors are also driving the global food retail market. Rising population, government investment in improving the infrastructure and the entry of popular food giants from emerging economies are also boosting the industry. With the growing preference of consumers towards private label brands and the increasing supermarket or hypermarket shopping culture, the global market is expected to grow further in the coming years.
Supermarkets or hypermarkets are the largest sector of this industry and there has been a decline in the market share of specialist and independent retailers. As per reports, supermarkets or hypermarkets will continue to grow at an impressive rate over the forecast period. While the industry is facing some challenges due to threats from unorganized players and supply chain ineffectiveness, increasing online retail shopping and growing middle class population are expected to offset these challenges and help the global food retail industry grow further in the coming years.
Food Retailing Industry Segmentation:
The global food retail market is bifurcated into products and end-users.
On the basis of products, the market is divided into internet sales and store sales. Owing to the fast-paced and busy lifestyles on consumers, the internet sales segment has witnessed an impressive growth in the past few years. Consumers prefer ordering the products online for quick doorstep delivery.
On the basis of end-users, the market is divided into Ad, to ending consumers, and others.
This report considers five main regions for analyzing the global food retail market. The regions are North America (The United States, Mexico and Canada), Europe (France, Italy. UK, Germany, Spain, Russia and rest of the region), Asia-Pacific (India, Japan, South Korea, Indonesia, China, Australia, Singapore, Vietnam and rest of the region), Central and South America (Brazil, Argentina, Columbia and rest of the region), and the Middle East and Africa (Egypt, UAE, Turkey, South Africa, Nigeria and Saudi Arabia).
North America dominates the global market, thanks to the presence of many key players in the region. Developed infrastructure, easy transportation, more employment and better income are also supporting market growth in North America. France, Germany, UK and Poland in the European region are expected to have the highest turnover during the forecast period. Asia-Pacific is also an important region in the global market. Growing awareness among consumers and increasing per capita income are the main factors fueling market growth.
India’s food retail market is expected to grow from US$ 487 billion in 2017 to US$ 827 billion in 2023, at a CAGR of 9.23%.
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Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Food Retail Sales, Revenue, Market Share and Competition by Manufacturer (2018-2019)
4 Global Food Retail Market Analysis by Regions
5 North America Food Retail by Country
6 Europe Food Retail by Country
7 Asia-Pacific Food Retail by Country
8 South America Food Retail by Country
9 Middle East and Africa Food Retail by Countries
10 Global Food Retail Market Segment by Type
11 Global Food Retail Market Segment by Application
12 Food Retail Market Forecast (2020-2026)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
List of Tables and Figures
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Source: EIN Presswire