The Global Food and Grocery Retail Market is projected to grow from USD 12,399,995 million in 2024 to USD 15,953,614.31 million by 2032, reflecting a compound annual growth rate (CAGR) of 3.20%.

In 2023, U.S. supermarket and other grocery store sales amounted to about 846.4 billion U.S. dollars. This is more than double the sales amounts that were generated back in 1992. Supermarkets and grocery stores in the U.S. WalMart stores dominated sales of the leading grocery retailers in 2022, generating close to 421 billion U.S. dollars. Kroger and Ahold Delhaize and each reached sales numbers of about 148 and 58 billion U.S. dollars, respectively, within the same period. In 2018, there were over 38 thousand supermarket stores in the United States. Over 80 percent of this total were supermarket chains. Supermarket formats In the United States, there are various types of supermarkets consumers can visit, such as natural/gourmet food supermarkets, warehouse grocery stores, and military commissaries. The most common type of supermarket in the country is one of the conventional kind. In 2018, there were just over 26 thousand conventional supermarkets in the United States. The second most common type is the supercenter for groceries and mass merchandise, of which there were about four and a half thousand that year.

According to Cognitive Market Research, the global E grocery market size is USD 51254.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 27.00% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 20501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 15376.26 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 11788.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 2562.71 million in 2024. It will grow at a compound annual growth rate (CAGR) of 26.4% from 2024 to 2031.
Middle East and Africa holds the major market of around 2% of the global revenue with a market size of USD 1025.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.7% from 2024 to 2031.
The staple and cooking essentials holds the highest E grocery market revenue share in 2024.

Market Dynamics of E grocery Market

Key Drivers for E grocery Market

Convenience and Timesaving Benefits to Increase the Demand Globally

The convenience and timesaving benefits of ordering groceries online are key factors driving increased demand globally. E-grocery platforms allow consumers to browse and purchase items from the comfort of their homes or on the go, eliminating the need for physical store visits and long checkout lines. This streamlined shopping experience saves valuable time and effort, catering to the busy lifestyles of modern consumers. Moreover, the availability of flexible delivery options, including same-day or scheduled deliveries, further enhances convenience. As consumers increasingly prioritize convenience and efficiency in their shopping habits, the demand for online grocery services continues to rise worldwide, shaping the future of retail and driving the expansion of the e-grocery market.

Changing Consumer Behavior to Propel Market Growth

Another key driver in the E grocery market is the Changing Consumer Behavior. With increasingly hectic lifestyles, consumers prioritize convenience and timesaving solutions in their shopping habits. Online grocery shopping provides a convenient alternative to traditional brick-and-mortar stores, allowing customers to browse and purchase items from the comfort of their homes or on-the-go. The convenience, variety, and accessibility offered by e-grocery platforms align with evolving consumer preferences, driving increased adoption globally. This changing behavior underscores a growing demand for digital solutions that cater to modern lifestyles and preferences. As a result, e-grocery market players are expanding their offerings and enhancing their services to meet the evolving needs of consumers, leading to substantial market growth and reshaping the future of grocery retailing on a global scale.

Restraint Factor for the E grocery Market

Quality Concerns to Impede the Growth

One key restraint in the E grocery market is quality concerns. Unlike traditional brick-and-mortar stores where shoppers can inspect products firsthand, e-grocery shoppers rely on descriptions and images provided by the platform, which may not always accurately reflect the item's condition upon delivery. Issues such as mishandling during transit or improper storage can further compromise product quality. To address these concerns and foster consumer trust, e-grocers must prioritize quality control measures, including stringent sourcing standards, proper handling procedures, and transparent communication with customers regarding product freshness and quality assurance processes. By instilling confidence in the quality of their offerings, e-grocers can mitigate this restraint and drive sustained growth in the market.

Impact of COVID-19 on the E grocery Market

The COVID-19 pandemic has had a profound impact on the e-grocery market, accelerating its growth and reshaping consumer behaviors. With lockdowns and social distancing measures in place, consumers increasingly turned to online shopping for groceries as a safer alternative to traditional brick-and-mortar stores. This surge in demand led to unprecedented levels of traffic on e-grocery pla...

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Instant Grocery Market Size 2024-2028

The global instant grocery market size is forecast to increase by USD 104.4 billion at a CAGR of 14.76% between 2023 and 2028. The market is experiencing significant growth, driven by the increased adoption of technology and changing consumer preferences. With the rise of online shopping and contactless delivery, there is a rise in demand for instant grocery services that offer convenience and transparency. Technological advancements, such as artificial intelligence and machine learning, are enabling retailers to offer personalized recommendations and streamlined order processing. These services enable users to manage their finances from anywhere, at any time, through various digital channels such as mobile apps, websites, and automated teller machines.

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The market is a rapidly growing segment within the larger e-commerce industry, with online grocery shopping gaining significant traction among consumers. E-commerce platforms and mobile applications have revolutionized the way we buy food and non-food products, including breakfast and dairy, snacks and beverages, fresh produce, cleaning essentials, and more. Instant grocery delivery has become a popular alternative to traditional grocery store shopping, offering the convenience of online orders and e-commerce operations. Technological developments such as smart tracking and instant delivery applications have made it possible for online grocers to deliver food and other essentials quickly and efficiently. The integration of online retail into the grocery industry has disrupted the traditional supermarket model, with consumers increasingly opting for the convenience and affordability of online shopping. However, keeping up with these technological changes poses a challenge for many players in the market. Ensuring seamless integration of technology into their operations and maintaining a competitive edge are key priorities for instant grocery providers. Additionally, the need for quick and reliable delivery, as well as ensuring product freshness, adds to the complexity of the market landscape. Overall, the market is poised for continued growth, driven by consumer demand for convenience and the ongoing integration of technology into the grocery shopping experience.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Product

  Nonfood products
  Food products


Geography

  APAC

    China
    Japan


  Europe

    UK
    France


  North America

    US


  South America



  Middle East and Africa

By Product Insights

The nonfood products segment is estimated to witness significant growth during the forecast period. Online grocery shopping has revolutionized the way consumers purchase food and non-food products in the modern grocery industry. E-commerce platforms and mobile applications have made it possible for individuals to place orders for breakfast and dairy items, snacks and beverages, fresh produce, cleaning essentials, bath and body products, and home utilities from the convenience of their homes. Non-food products, which include shampoos, conditioners, toiletries, bathroom cleaners, and other hygiene grooming products, are a larger segment than food items. As lifestyles become increasingly busy and time-pressed, the demand for immediate shopping solutions grows. Instant grocery shopping caters to this need by offering online orders for essential items with quick delivery.

E-commerce operations utilize electric motorcycles, scooters, and urban dark storefronts to ensure hyperlocal delivery services. Dark stores and fulfillment centers serve as hubs for instant-delivery apps, where riders on bikes use smart tracking technology to efficiently pick and deliver orders. This approach offers convenience to consumers, enabling them to lead comfortable lives without the need to visit physical supermarkets or grocery stores. Online retail of these non-food items is a significant trend in the grocery industry, transforming traditional brick-and-mortar establishments into e-commerce websites and online platforms.

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The Nonfood products segment accounted for USD 46.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Online grocery shopping has revolutionized the way consumers purchase foo

This statistic highlights online grocery shopping sales in the United States from 2019 through 2024. The U.S. online grocery market was estimated to generate sales worth of about 95.8 billion U.S. dollars in 2020, with sales forecast to reach 187.7 billion U.S. dollars by 2024. Among the leading online food and beverage retailers in 2016, were Amazon and Walmart.

Online grocery shopping

Grocery sales through online platforms represent a very small part of the overall grocery retail market, but are amongst the fastest growing segment. Some people don’t enjoy the hassle of traditional grocery shopping, especially to stand in a queue before check-out. If consumers use the convenience of an online grocery service, they can pick their everyday products on the distributor’s website and will get the chosen items delivered right to their doorstep, which saves time. Most online suppliers in the United States provide same-day delivery options. During the last years, more and more firms tried to gain a foothold within the e-grocery industry. Companies engaged in the U.S. online grocery market include AmazonFresh, FreshDirect, NetGrocer, Walmart and Safeway.

A relatively new and innovative business model is supplied by Instacart. The San Francisco-based company is a grocery transport service that delivers the grocery order through personal shoppers in one to two hours. As of February 2015, Instacart charged 3.99 U.S. dollars per two-hour deliveries and 14.99 U.S. dollars per one-hour deliveries. The personal shoppers purchase the chosen items at different local food stores and deliver them to your house within the agreed time window.

The use of virtual grocery stores has still a large growth potential as more and more time-strapped consumers are looking for innovative ways to make their lives easier. However, a significant hurdle for online grocers remains freshness as many customers still prefer to see and touch the produce before purchase.

Market Overview:

The global e-grocery service market is projected to grow at a CAGR of 16.5% from 2022 to 2030. The growth in the market can be attributed to the increasing demand for online grocery shopping from personal shoppers and business customers. Additionally, the growing trend of home delivery is also contributing to the growth of this market. North America is expected to lead the global e-grocery Service market during the forecast period, followed by Europe and the Asia Pacific.

Product Definition:

E-grocery service is the provision of grocery items and other household consumables by means of a digital platform. It is an important subset of e-commerce, which refers to the sale of goods and services over the internet. E-commerce in general has seen rapid growth in recent years. E-grocery service is an online grocery store that offers customers the convenience of shopping for groceries from the comfort of their homes. Customers can order and pay for their groceries online, and have them delivered to their doorstep.

Packaged Foods:

Packaged foods are those products that are processed, prepared, and stored under controlled conditions either at the time of manufacturing or post-processing. The major factor responsible for packaged food's growth is its convenience to be used as per requirement without any further preparation.

Fresh Foods:

Fresh foods are food items that are consumed or stored within a certain time limit and have not been processed or frozen. The fresh food market is expected to witness significant growth in the near future owing to factors such as increasing health awareness among consumers, changing lifestyles of people, rising disposable income, and rapid urbanization.

Application Insights:

The personal shopper segment is expected to dominate the global e-grocery service market with a revenue share of over 40% in 2021. The growth can be attributed to increasing consumer preference for convenience and on-the-go products. With the help of smartphone applications, consumers can place orders for fresh foods and get them delivered directly to their homes. In addition, it offers flexibility in choosing delivery time as well as a mode of payment (cash on delivery). These factors are anticipated to drive its adoption among working professionals living in urban areas.

The business customers segment is expected to register significant growth over the forecast period owing to rising demand from SMBs and large retail chains operating across various industries worldwide.

Regional Analysis:

Asia Pacific is expected to emerge as the fastest-growing region with a CAGR of XX% from 2022 to 2030. The growth can be attributed to the increasing penetration of online groceries in China and India. In 2015, around 20% and 10% of Chinese households shopped for groceries using their smartphones, tablets, or personal computers. Similarly, in India, about 30 million people shop for groceries online every month accounting for a significant share (around 15%) of total internet users in the country. These developments are anticipated to drive demand across the Asia Pacific over the forecast period.

North America accounted for more than 25% share within the global e-grocery service market owing to high adoption rates among consumers coupled with the presence of well-established retailers such as Kroger Co., Safeway Inc., Albertsons Companies Inc., and Whole Foods Market Inc.

Growth Factors:

• Increasing urban population: The global e-grocery market is expected to grow at a CAGR of over 16% during the forecast period. This can be attributed to the increasing urban population, which is more inclined toward online grocery shopping owing to the convenience and time-saving benefits offered by it.
• Rising disposable income: Another key factor driving the growth of the global e-grocery market is rising disposable income, which allows consumers to spend more on groceries and other household items. In addition, growing awareness about online grocery shopping among consumers is also propelling its growth.
• The proliferation of smart devices: The proliferation of smart devices such as smartphones and tablets has led to an increase in demand for mobile commerce, thereby boosting the growth prospects of the global e-grocery market. Moreover, advancements in technology are helping retailers offer a better customer experience through innovative features such as 3D virtual tours of stores and product recommendations based on past purchase history, etc., thereby fuelling market growth further.

The Food & Grocery Retail Market size was valued at USD 12,266.7 billion in 2023 and is projected to reach USD XXX billion by 2032, exhibiting a CAGR of 3.2 % during the forecasts period. Food & grocery retail means to sell fruits and daily essential products directly to the customers through brick and mortar stores such as supermarkets & hypermarkets, convenience stores, grocery stores, specialty stores as well as online platforms. The demand of food & grocery has been increasing due to increasing number of middle-class population especially in developing economies. Furthermore, the growth of the millennial and Generation Z customer segments and increased adoption of online platforms for purchasing food and grocery is expected to accelerate growth. Food & grocery retailers also offers their private label brands at competitive pricing and sustainable packaging to attract more customers is expected to pose significant growth in the global food & global retail industry. Recent developments include: In September 2023, Kroger Co. and Albertsons Companies Inc. have officially entered into a binding agreement with C&S Wholesale Grocers, LLC for the sale of specific stores, banners, distribution centers, offices, and private label brands. This transaction is part of their planned merger, which was initially disclosed on October 14, 2022. , In September 2023, C&S Wholesale Grocers, LLC (C&S), a prominent player in wholesale grocery supply and supply chain solutions within the United States, has formally committed to acquiring 413 stores, eight distribution centers, and two offices. These assets became available as a result of the planned merger between The Kroger Co. and Albertsons Companies Inc. .

The size of the Food & Grocery Retail Market was valued at USD 12.4 USD Trillion in 2023 and is projected to reach USD 15.56 USD Trillion by 2032, with an expected CAGR of 3.30 % during the forecast period. Food & grocery retail means selling food products and other basic ingredients and other food products for home consumption. It comprises supermarkets that provide a large number of food products, specialty stores that specifically sell a particular type of food product such as organic foods, and convenience stores that sell a smaller number of food products that can be bought in a one-stop shopping. Borrowing from the general characteristics of retail stores, the food and grocery store characteristics include a range of products, convenience, and customer relations. They include day-to-day groceries, food procurement for consumption at homes or in restaurants, and emergency rations. This sector is crucial for the availability of fresh products and the necessity to always evolve to better serve customer needs with added features such as online order completion and self-checkout. Key drivers for this market are: Rising Growth of Urbanization to Aid Market Development. Potential restraints include: Rising Popularity of Online Gaming to Pose Challenges to Industry Growth.

This dataset contains sales data of an Italian grocery store at the SKU level. It consists of 118 daily time series representing the quantity of pasta sold from 01/01/2014 to 31/12/2018. Besides univariate time series data, the quantity is integrated by the information on the presence or the absence of a promotion.

The Online Grocery Market size was valued at USD 57.81 billion in 2023 and is projected to reach USD 304.68 billion by 2032, exhibiting a CAGR of 26.8 % during the forecasts period. The Online Grocery Market bears the framework of selling food and household products, which can be purchased through the Interne and are transported directly to the consumer’s home. This market is that of fresh produce, processed foods, drinks, and household perishable items. Examples include time and convenience, access to a richer product offering to name but a few. Applications span across direct to the consumer websites and apps, and subscription based services. Some of them are high personalization through data analytics, delivery services and contactless payment, packaging and sustainability. The opportunities which have led to the increase of the market include the growth of online consumers’ trend and the development of logistics and technologies. Recent developments include: In March 2022, Instacart launched "The Instacart Platform," a suite of enterprise-grade technologies designed to revolutionize the grocery industry. With this innovative offering, Instacart aims to empower retailers and enhance the consumer experience, catering to various shopping preferences. , In November 2021, Amazon merged its grocery stores, Fresh and Pantry, into a single unified store, Amazon Fresh. This integrated store is now accessible to customers in over 300 cities across India. By consolidating these services, Amazon aims to provide an all-in-one online destination, offering unbeatable savings, diverse products, and fast, convenient delivery options. , In January 2019, Walmart collaborated with four delivery companies to expand its Online Grocery Delivery service. Point Pickup, Skipcart, AxleHire, and Roadie were added to Walmart's team to enhance online grocery deliveries in metropolitan areas across four states. Furthermore, this strategic move was accompanied by expansion plans to serve even more customers in various locations.t .

Supermarkets and grocery stores have endured a transformative journey since 2019, shaped by the pandemic, geopolitical tensions and an ever-changing market landscape. Grocers first encountered unprecedented demand as lockdowns redirected consumers' spending from entertainment to at-home essentials. Sales spiked, but the boom was fleeting; by 2021, factors like declining disposable income and soaring food prices reversed the trend. Even post-pandemic, the industry is evolving—more consumers than ever are embracing online grocery shopping, prompting traditional retailers to bolster their digital presence. Those unable or unwilling to adapt were largely forced out, while the largest supermarket chains maintained dominance through aggressive merger and acquisition activity and by leveraging vertically integrated operations. This momentous period caused heightened revenue volatility that still persists. Revenue has been rising at a CAGR of 0.1% over the past five years and is expected to dip 0.9% in 2024 when revenue will reach $111.9 billion.

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India Grocery Market Size and Trends

The India grocery market size is forecast to increase by USD 310 billion at a CAGR of 8.1% between 2023 and 2028. The food retail market, encompassing consumer goods and household essentials such as food, beverages, and household essentials, is witnessing significant growth trends. One notable trend is the increasing popularity of m-commerce, with more consumers opting for online grocery shopping. Another trend is the rising demand for functional foods and beverages, as consumers prioritize health and wellness. However, there remains a mixed perception among end-users regarding online grocery shopping, with some preferring the tactile experience of physical stores. Despite this, the convenience and time-saving benefits of online shopping continue to attract a growing number of customers. Additionally, the consumer products industry is evolving to meet changing consumer preferences, with a focus on sustainability, transparency, and customization. Overall, these trends present both opportunities and challenges for market participants in the food retail sector.

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The global grocery market is a dynamic and ever-evolving industry that caters to the consumer needs for food, beverages, household essentials, and personal care items. This sector, often referred to as food retail or consumer goods, plays a vital role in the daily lives of consumers worldwide. Let's explore some key trends shaping the future of this industry. Online-Grocery Sales: With the increasing popularity of e-commerce and the convenience it offers, online grocery sales have been on a steady rise. Consumers are increasingly opting for the convenience of shopping for their essentials online, especially in the wake of the pandemic.

Grocery retailers are increasingly focusing on merchandising strategies to attract and retain customers. Private-label goods, which offer better margins and customer loyalty, have become an essential part of the merchandising mix. The lines between brick-and-mortar and online retail are blurring, with many retailers adopting an omnichannel approach. This strategy allows consumers to shop seamlessly across multiple channels, including physical stores, e-commerce platforms, and mobile apps. Consumers appreciate the convenience of having their groceries delivered right to their doorstep or available for pickup at a convenient time. The rise of e-commerce and internet shopping has transformed the grocery industry. Consumers can now shop for their essentials from the comfort of their homes, and retailers are investing heavily in technology to offer a seamless shopping experience.

Consumers are increasingly conscious of the environmental impact of their shopping habits. Grocery retailers are responding by offering sustainable delivery options, such as electric vehicles, and eco-friendly packaging solutions. The integration of technology into the grocery shopping experience is a key trend. Consumers can now use internet services, such as voice assistants and mobile apps, to shop for their essentials, make payments using virtual methods, and even track their orders using smart devices. Online platforms, such as social media and food delivery apps, are becoming essential tools for grocery retailers to reach and engage with consumers. These platforms offer opportunities for targeted marketing, customer engagement, and real-time communication. In conclusion, the global grocery market is undergoing significant changes, driven by consumer preferences, technology, and competition. Retailers that can adapt to these trends and offer a seamless shopping experience across multiple channels are likely to thrive in this dynamic industry.

Market Segmentation

The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

Platform

  Offline
  Online


Product

  Food grains
  Bread bakery and dairy products
  Fruits and vegetables
  Personal care
  Others


Geography

  India

By Platform Insights

The offline segment is estimated to witness significant growth during the forecast period. In the realm of grocery retail, personal care items have emerged as significant contributors to sales, particularly in the merchandising strategies of supermarkets and hypermarkets. These large-format stores, including discount stores, cash and carry outlets, and convenience stores, have become preferred destinations for consumers seeking a wide range of grocery options. The convenience of having all categories of products available under one roof, coupled with the ability to compare prices and brands, drives consumer preference toward these channels.

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The offline segment accounted for USD

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Online Grocery Market Size 2024-2028

The online grocery market size is projected to grow by USD 1,653.7 billion with a CAGR of 21.48% between 2023 and 2028. The market's trajectory and trends are intricately tied to various factors, foremost among them being the burgeoning preference for grocery purchases and the widespread adoption of e-commerce platforms. The rapid surge in e-commerce, coupled with the surging demand for swift grocery delivery services, further fuels this growth. Online payments and discounts attract a growing base of tech-savvy consumers seeking wide product selections, including organic and locally sourced groceries. This landscape is characterized by the convenience of home-based shopping and doorstep delivery of groceries. Online platforms offer a vast array of products, including fresh produce, pantry essentials, and ready-to-eat meals. These items are stored in warehouses, ensuring their safety and freshness, and contributing to the overall convenience and appeal of online grocery shopping experiences.

Market Overview and Growth

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Market Dynamics and Customer Landscape

The market is driven by the rapid adoption of digital platforms, offering convenience and time-saving benefits to consumers. Innovations like artificial intelligence (AI) and machine learning (ML) optimize operations, enhancing delivery options such as contactless methods and drone deliveries. Challenges include supply chain management complexities to maintain freshness and ensure customer fulfillment centers meet increasing demand amid urbanization trends.

Key Market Driver

The rapid growth in e-commerce is the key factor driving the growth of the global market. Apart from the growth in online web-based retail services, the global market has also witnessed an increase in the adoption of mobile-based (or app-based) services or m-commerce. This growth in m-commerce is mostly due to the increased penetration of smartphones globally. The intensifying competition within the global market has spurred innovative approaches to offer expedited delivery services, particularly for fresh produce, pantry staples, breakfast choices, and shopping cart essentials.

From bustling cities to suburban neighborhoods, deliveries of various brands and product types, including breakfast essentials, redefine accessibility. Online platforms offer a wider selection of products, including specialty items, fresh fruits, organic produce, and international brands, catering to a diverse number of consumers variety. Additionally, deals prompt increased purchases, driving higher sales volumes as customers explore additional items or categories due to the attractive incentives. These are fresh and direct add-to-the-shopping cart and checkout features that drive the market growth and trends during the forecast period.

Significant Market Trends

The demand for functional food and beverages is growing rapidly number among consumers worldwide due to health benefits such as enhanced immunity, improved mental strength, improved heart rate, improved digestive health, hydration and electrolyte-replenishing benefits, and better intestinal flora and gut function. Further, a number of consumers are spending more on non-traditional fitness activities, such as yoga and aerobics, and thus, prefer to consume functional food and beverages as a healthy source of nutrition. This growing need and aspiration of customers regarding functional food are further propelling its demand across the globe.

As all these functional food and beverage products are not readily available at brick-and-mortar retail stores, supermarket and hypermarket consumers must buy them online. companies of functional food and beverages are also marketing their products with the help of effective labeling and product formulation. The stores and grocery delivery service providers are showcasing and offering these products to widen their product portfolios to capture more share in the market during the forecast period.

Major Market Challenge

The huge competition from offline retail stores is a major challenge to the growth of the global market. Offline grocers and brick-and-mortar stores, especially unorganized nearby grocery retailers, are major competitors of online grocery delivery service providers. In developing countries, such as India, unorganized nearby grocery retailers offer various offers, services, and discounts to their customers. The services include the exchange of products that do not meet customer expectations and free delivery at doorsteps. The online delivery service players find it difficult to compete with brick-and-mortar grocery sellers as, in developing countries, a number of consumers are price-sensitive and are very concerned about the way goods are delivered to them.

Another major reason is ensuring the freshness and quality of perishable items li

UAE Online Grocery Delivery Market Share, Size, By Product Category, By Platform, By Mode of Payment, By Region, Company Forecast & Opportunities, 2028

The Singapore Online Grocery Market size is estimated to grow at a CAGR of around 8.98% during the forecast period 2024-30. Lazada Group, Fair Price Online, Shopee, Cold Storage Online, Others are the top companies in the Singapore Online Grocery Market.

Global Online Grocery Market was valued at USD 51.76 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 27.06% through 2029.

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UK Grocery Retail Market Size 2024-2028

The UK grocery retail market size is projected to increase by USD 44.8 billion at a CAGR of 3.2% between 2023 and 2028. The market is primarily driven by the diverse needs of consumers. With a significant portion of retail sales attributed to grocery shopping, there's a consistent demand for groceries and online grocery among British consumers. This demand fuels the growth of grocery retailers and supermarket chains, which play a vital role in the UK's retail sector. London, as a major economic hub, influences trends and sales patterns in the grocery market nationwide. Moreover, the presence of established British grocery retailers and supermarket giants further solidifies the market's stability and growth potential for e-commerce. These factors collectively contribute to the robustness of the UK's grocery retailing industry. The UK retail market size, including detailed UK grocery market research, highlights the evolving UK retail industry overview, showcasing trends and growth opportunities within the grocery retail sector.

What will be the Size of the UK Grocery Retail Market During the Forecast Period?

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UK Grocery Retail Market Segmentation

The UK grocery retail market trends and analysis report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD billion ' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments. In the UK retail market size analysis, market research provides insights into the UK retail industry overview, reflecting current trends and future projections in the grocery retail segment.

Product Outlook 

  Food and beverages
  Non Food


Distribution Channel Outlook

  Hypermarkets and supermarkets
  Convenience stores
  Discount stores
  Online
  Others

By Product

The market share growth by the food and beverages segment will be significant during the market research and growth period. The foods and beverages segment includes a wide range of products, such as fruits and vegetables, dairy products, frozen foods, fresh and frozen meat, fresh baked products, snack foods, canned foods, and condiments. The most commonly preferred grocery products in this segment include fresh bread, salty snacks, and cereals.

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The food and beverages segment was valued at USD 172.2 billion in 2018. This segment has witnessed rapid growth, driven by the growing demand for savory snacks, coupled with product innovation by companies in terms of flavors. With a rise in the per capita income of consumers, there is a rapid shift in their consumption patterns in favor of organic and gluten-free products when compared with generic products. The demand for frozen snacks, for example, has witnessed significant growth, especially among teenagers. companies are constantly focusing on innovating various flavors and ingredients and offering products that are healthy and nutritious for children. Furthermore, companies are offering fruit snacks to children who are reluctant to consume natural fruits. Thus, growth in the foods and beverages segment will boost the growth of the UK grocery retail market during the market growth analysis period.

UK Grocery Retail Market Dynamics

The grocery retail market is evolving rapidly with the rise of online grocery platforms and omnichannel mass merchandisers catering to end consumers in big cities and ethnic markets alike. These platforms offer a wide variety of products including smart clothing and household items, emphasizing convenience through curbside pickup and home delivery services. Consumer preferences are shifting towards cooking at home, driving demand for private label food and beverages and consumer-oriented features across diverse supplier networks. The market also reflects consumer polarization, with increased focus on non-food products and green grocers supporting sustainability initiatives. As supermarkets adapt to digital trends and expand their reach, the sector continues to innovate to meet the evolving needs of modern consumers.

The grocery retail market is a dynamic segment within the retail industry, with the UK grocery market representing a significant portion of this sector. Retail industry analysis highlights key trends and shifts affecting the grocery sector, including the rise of online shopping and changing consumer preferences. The UK grocery market continues to evolve, driven by technological advancements and shifting buying behaviors. Retail market analysis provides valuable insights into these trends, helping stakeholders understand market dynamics and anticipate future developments in the grocery retail landscape.

Key Market Driver

The rising promotions, including bundled p

The polarization of consumer preferences and behaviors is contributing to market growth. The incorporation of cutting-edge technologies like online platforms, AI-driven personalized shopping experiences, and smart supply chain management are significantly impacting the food and grocery retail industry, surpassing USD 12.0 Billion valued in 2023 to reach a valuation of around USD 16.0 Billion by 2031.

In addition to this, the changing dietary preferences and culinary trends are impacting the demand for specific food products is spurring up the adoption of food & grocery retail. The integration of data analytics and automation improves operational efficiency and customer engagement in this ever-changing industry, is enabling the niche market grow at a CAGR of 4.0% from 2024 to 2031.