Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) — According to MarketStudyReport, global food and grocery market was worth $12.29 trillion in 2020 and is expected to grow at a 5% annual growth rate over the period 2021-2027, accumulating $17.29 trillion by the end of the analysis timeline.
A granular examination of the different segments and regional landscape of the market is incorporated. Also, it offers valuable insights into the competitive arena highlighting the major market players and vital factors associated with them. Finally, the document also details the different strategies used by listed companies to strengthen their presence in the market and obtain substantial returns.
Rising retail sales and increasing proportion of middle-income customers are the major factors contributing to the expansion of the market. Citing an example, according to data released by the World Bank, the global middle-income population grew from 5.66 billion in 2017 to 5.75 billion in 2019.
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Additionally, increasing demand for food products, rising e-commerce sales, and vertical growth in food processing further increase the outlook for the industry.
On the contrary, supply chain disruptions due to several factors such as COVID-19 pandemic and transportation restrictions are likely to hamper the scope of global food and grocery market earnings in the years to come.
Highlighting market segments
By product terrain, the market is divided into packaged food, unpackaged food, tobacco, beverages and household products. In terms of application, the industry is divided into bakery and confectionery, meat, poultry and seafood, dairy products, beverages and others. While segmentation based on distribution channel includes supermarkets and hypermarkets, online and convenience stores.
Expose regional terrain
North America, Europe, Latin America and Asia-Pacific are the main regions considered to understand the dynamics of this sphere of activity. Among these, Asia-Pacific currently holds a large market share and is expected to grow significantly over the period 2021-2027, owing to increasing e-commerce retail sales and strong demand for processed and packaged foods.
Additionally, practical government policies to promote transportation and manufacturing, along with increasing investments by private companies are also contributing to the growth of the APAC market.
The major players operating in the global food and grocery market are Enpro Industries, Inc., IDEX Corporation, Trelleborg AB, Parker-Hannifin Corporation, SKF USA, Inc., AW Chesterton Company, Inc., The Flowserve Corporation, Smiths Group plc, Aesseal plc and the Freudenberg Group.
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Global Food and Grocery Market, by Product (Revenue, Billion USD, 2018-2027)
- packaged food
- Unpackaged foods
- the tobacco
- Household products
Global Food and Grocery Market, by Application (Revenue, USD Billion, 2018-2027)
- Dairy products
- Poultry & Seafood
- Me at
- Bakery & Confectionery
Global Food and Grocery Market, by Distribution Channel (Revenue, USD Billion, 2018-2027)
- Supermarkets & Hypermarkets
- Grocery store
- In line
Global Food and Grocery Retail Market, Regional Analysis (Revenue, Billion USD, 2018-2027)
- The rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the world
Global Food and Grocery Retail Market, Competitive Hierarchy (Revenue, Billion USD, 2018-2027)
- Enpro Industries, Inc.
- IDEX Corporation
- Trelleborg AB
- Parker-Hannifin Corporation
- SKF USA, Inc.
- AW Chesterton Company, Inc.
- The Flowserve Company
- Smiths Group plc
- Aesseal plc
- Freudenberg Group
Chapter 1. Executive Summary
1.1. Market overview
1.2. Global and Segmental Market Estimates and Forecasts, 2019-2027 (Trillion USD)
1.2.1. Food and grocery retail market, by region, 2019-2027 (Trillion USD)
1.2.2. Retail food and grocery market, by product, 2019-2027 (trillion dollars)
1.2.3. Retail food and grocery market, by distribution channel, 2019-2027 (trillion dollars)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis
Chapter 2. Global Food and Grocery Market Definition and Scope
2.1. Goal of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years Considered for Study
2.4. Currency conversion rate
Chapter 3. Global Food and Grocery Market Dynamics
3.1. Food and Grocery Retail Market Impact Analysis (2019-2027)
3.1.1. Market factors
184.108.40.206. Increase retail sales
220.127.116.11. Increase in the number of middle-income consumers
3.1.2. Market restriction
18.104.22.168. Supply chain disruptions
3.1.3. Market opportunities
22.214.171.124. E-commerce sales growth
126.96.36.199. The rise of the food industry
Chapter 4. Industry Analysis of Global Food and Grocery Retail Market
4.1. Porter’s 5-force model
4.1.1. Bargaining power of suppliers
4.1.2. The bargaining power of buyers
4.1.3. The threat of new entrants
4.1.4. The threat of substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic approach to Porter’s 5 forces model (2018-2027)
4.2. PEST analysis
4.3. Investment Adoption Model
4.4. Analyst recommendation and conclusion
Chapter 5. Global Food and Grocery Market, By Product
5.1. Market overview
5.2. Global Food and Grocery Market by Product, Performance – Potential Analysis
5.3. Global Food and Grocery Retail Market Estimates and Forecasts by Product 2018-2027 ($Trillions)
5.4. Food and Grocery Retail Market, Sub-Segment Analysis
5.4.1. packaged food
5.4.2. Unpackaged foods
5.4.4. the tobacco
5.4.5. Household products
Chapter 6. Global Food and Grocery Market, By Distribution Channel
6.1. Market overview
6.2. Global Food and Grocery Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Food and Grocery Retail Market Estimates and Forecasts by Distribution Channel 2018-2027 ($Trillions)
6.4. Food and Grocery Retail Market, Sub-Segment Analysis
6.4.1. Supermarkets & Hypermarkets
6.4.2. Grocery store
6.4.3. In line
Chapter 7. Global Food and Grocery Retail Market, Regional Analysis
Global Online Grocery Market Size and Regional Forecast 2021-2027
Global Online Grocery Marketplace to reach USD 1116.96 billion by 2027. The global online grocery market is valued at around USD 236.88 billion in 2020 and is expected to grow with a healthy growth rate of over 24.8% over the forecast period 2021-2027. Online Grocery is a supermarket or grocery store that allows consumers to order groceries online. The increase in an individual’s disposable income and people choosing the comfort and ease of availability are the main determining factors. Amid the pandemic, as people avoid going out and reduce their social contacts, there is an increase in the use of online e-commerce services, especially grocery items. According to the United Nations Conference on Trade and Development, global e-commerce sales reached 29 trillion in 2017. To add to the statistics, the number of online shoppers rose to 1.34 billion. Moreover, the growing number of smartphone users has also contributed to the growth of the industry.
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