Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.65 Trillion | USD 14.79 Trillion | 3.03% | 2022 |
FrequentlyAsked Questions
Food retail implies sales of myriad kinds of food items purchased by consumers and consumed off the premises. Retail food is available in supermarkets and retail stores and it is in the form of packaged product.
The global food retail market growth over forecast period can be owing to change in the food intake patterns of the customers and rise in their food spending capacity.
According to a study, the global food retail market size was USD 11.65 trillion in 2022 and is projected to reach USD 14.79 trillion by the end of 2030.
The global food retail market is anticipated to record a CAGR of nearly 3.03% from 2023 to 2030.
North America is set to dominate the global food retail industry over the forecasting timeline owing to the presence of giant players in countries such as Canada and the U.S.
The global food retail market is led by players such as Walmart, Carrefour, Costco Wholesale Corporation, 7-ELEVEN, Inc., Target Brands, Inc., AEON Co Ltd, Amazon.com Inc., The Kroger Co., ALDI, and Schwarz Gruppe.
The global food retail market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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