Valuation of the global food retail market is estimated at US$ 12,588.8 billion in 2024 and has been evaluated to rise at a CAGR of 5.5% to reach US$ 21,503.5 billion by the end of 2034. The market is projected to expand at a steady rate over the coming years as food retail companies opt for innovative strategies to expand their customer base and increase their investment budgets.

Report Attribute	Detail
Food Retail Market Size (2024E)	US$ 12,588.8 Billion
Forecasted Market Value (2034F)	US$ 21,503.5 Billion
Global Market Growth Rate (2024 to 2034)	5.5% CAGR
Canada Market Growth Rate (2024 to 2034)	6% CAGR
China Market Value (2034F)	US$ 2,359.5 Billion
North America Market Share (2024E)	23.9%
East Asia Market Share (2034F)	23.1%
Key Companies Profiled	The Kroger Company; Amazon.com Inc.; 7-Eleven; The Schwarz Group; Tesco Plc; Target Corporation; Costco Wholesale Corporation; Amartex Family Mart; Walmart Inc.; Anay Groceries.

Country-wise Evaluation

Attribute	United States
Market Value (2024E)	US$ 1,338.9 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 2,382.8 Billion

Attribute	South Korea
Market Value (2024E)	US$ 626 Billion
Growth Rate (2024 to 2034)	6.2% CAGR
Projected Value (2034F)	US$ 1,147.4 Billion

Category-wise Evaluation

Attribute	Convenience Stores
Segment Value (2024E)	US$ 2,882.8 Billion
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 5,354.4 Billion

The global food and grocery retail market is expected to grow from USD 12.8 trillion in 2025 to USD 17.7 trillion by 2035, reflecting a CAGR of 3.3%. The food and grocery retail market is growing rapidly due to several important factors. Increasing urbanization is a major driver as more people move to cities, which boosts demand for organized retail formats like supermarkets and hypermarkets.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 12.8 Trillion
Projected Global Industry Value (2035F)	USD 17.7 Trillion
Value-based CAGR (2025 to 2035)	3.3%

Country wise Insights

Countries	CAGR 2025 to 2035
USA	2.7%
Germany	2.2%
India	4.2%

Supermarkets and grocery stores have significantly transformed in recent years, driven by technological advancements and shifting consumer preferences. E-commerce has become a cornerstone of the industry, with over 70.0% of grocery retailers integrating online ordering and fulfillment into their operations in 2025. This shift has been fueled by consumer demand for convenience and efficient shopping experiences, prompting retailers to invest heavily in curbside pickup and home delivery services. Major players like Kroger have leveraged these innovations to maintain a competitive edge, while third-party delivery platforms like Instacart have enabled smaller grocers to compete with larger chains. The adoption of "dark stores" and AI-driven technologies has further optimized operations but heightened competition has limited revenue expansion. Over the past five years, revenue has been slipping at a CAGR of 0.1%, reversing course in 2025 to climb 1.1%, reaching $883.1 million. Over the past five years, the industry has faced rising labor costs and competition from discount grocers and private-label products. Automation has played a crucial role in managing these pressures, with more than 50.0% of transactions in major chains processed through self-checkout systems in 2025. Despite these advancements, wages have continued to rise, accounting for an estimated 10.7% of revenue. This has led retailers to focus on strategic pricing and the promotion of high-margin private-label products to sustain profit. The proliferation of discount grocers like Aldi and Lidl has intensified competition, forcing traditional supermarkets to innovate and adapt to retain market share. Looking ahead, supermarkets and grocery stores are likely to endure steady but marginal revenue growth over the next five years, influenced by economic and demographic factors. Increases in per capita disposable income and consumer spending suggest a stable economic environment that could bolster sales of premium and specialty grocery items. However, declines in the agricultural price index may pressure revenue growth, as lower prices could reduce sales value. Urban population growth will continue to drive demand for grocery products, encouraging retailers to adopt urban-centric strategies. Upcoming FDA regulations on product labeling and ongoing geopolitical tensions will present challenges and opportunities for the industry. Retailers that can navigate these complexities and align with evolving consumer preferences, such as the rise of functional foods and the "quiet luxury" trend, will be well-positioned to thrive in a rapidly changing market landscape. Revenue is anticipated to expand marginally over the next five years at a CAGR of less than 0.1%, totaling $883.3 million in 2030.

Global Food And Grocery Retail market size is expected to reach $14480.04 billion by 2029 at 3.4%, segmented as by fresh food, fruits and vegetables, meat and poultry, dairy products, bakery items

In 2025, the leading grocery stores in the United States held close to two thirds of the total industry market share. Walmart held the top position with **** percent, followed by Kroger at just under **** percent. Kroger Co. As one of the leading supermarket chains, Kroger has been become a favorite among consumers. Founded by Bernard Kroger in 1883, the company opened its first store in Cincinnati, Ohio and now operates more than ***** grocery retail stores in the United States. Grocery shopping behavior Among the diverse options for food acquisition, supermarkets and superstores are the preferred for consumers. Even though online grocery shopping is on the rise, it is still not up to par with warehouse clubs or discount stores. When it comes to frequency, grocery shopping trips have decreased since the early 2000s, perhaps to adapt to economic pressures like inflation, which has drastically changed the way consumers shop.

Food and Grocery Retail Market was valued at USD 11.93 Billion in 2023 and is projected to reach USD 15.47 Billion by 2031, growing at a CAGR of 3.3% from 2024 to 2031.

Food And Grocery Retail Market: Definition/ Overview

Food and grocery retail refers to the sale of food and household supplies through physical stores or online platforms. It includes supermarkets, convenience stores and specialty food shops that cater to everyday customer needs.

It is used to buy fresh produce, packaged goods and household necessities. Customers rely on these retail channels for their routine grocery shopping, which includes both perishable and non-perishable items.

A listing of all retail food stores which are licensed by the Department of Agriculture and Markets.

Food Retail Market Outlook

The global food retail market size was valued at approximately $12.3 trillion in 2023 and is forecasted to reach around $17.9 trillion by 2032, registering a CAGR of 4.2% during the forecast period. The significant growth factor driving this market includes the increasing global population, urbanization, and the rising demand for convenient and healthy food options. The food retail market has been witnessing substantial transformation due to the integration of advanced technologies, such as artificial intelligence and machine learning, to enhance supply chain efficiency and customer experience.

One of the primary growth factors for the food retail market is the rising global population. The United Nations projects that the world population will reach approximately 9.7 billion by 2050, which translates to a higher demand for food products. Urbanization is another key driver, as more people move to urban areas, the need for accessible and diverse food retail options increases. Urban consumers typically favor quick and convenient shopping experiences, further propelling the growth of supermarkets, hypermarkets, and online retail channels.

Technological advancements play a pivotal role in the growth of the food retail market. The adoption of artificial intelligence (AI), machine learning, and big data analytics has revolutionized the way retailers manage inventory, forecast demand, and personalize customer experiences. AI-powered chatbots and virtual assistants enhance customer service, while data analytics provides insights into consumer behavior and preferences. These technologies contribute to improving operational efficiency and reducing costs, which in turn supports market growth.

Another significant growth factor is the increasing consumer preference for healthy and organic food products. Growing awareness about health and wellness, coupled with the rising incidence of lifestyle-related diseases, has led consumers to seek healthier food options. This shift in consumer behavior has created a surge in demand for fresh produce, organic food, and minimally processed products. Retailers are responding by expanding their product offerings and promoting health-focused brands, thereby driving market expansion.

Regionally, the food retail market is witnessing robust growth across various regions. North America and Europe have well-established food retail infrastructures, with a high penetration of supermarkets and hypermarkets. In contrast, the Asia Pacific region is experiencing rapid urbanization and economic growth, leading to a burgeoning middle class with increased purchasing power. This region is expected to witness the highest CAGR during the forecast period, driven by countries like China and India. Latin America and the Middle East & Africa are also emerging markets with significant potential for growth, supported by improving economic conditions and increasing consumer spending on food and beverages.

Product Type Analysis

The food retail market is segmented by product type, encompassing fresh produce, packaged food, beverages, dairy products, bakery and confectionery, meat and seafood, and others. Fresh produce remains a staple category in food retail, driven by the increasing consumer preference for healthy and organic foods. Retailers are investing in farm-to-table supply chains to ensure the availability of fresh fruits and vegetables. Additionally, the trend towards locally sourced produce is gaining traction, with consumers willing to pay a premium for high-quality, fresh, and organic products.

Packaged food is another significant segment within the food retail market. This segment includes a variety of processed and convenience foods that cater to the fast-paced lifestyle of modern consumers. The demand for packaged food is fueled by busy schedules, dual-income households, and the growing popularity of ready-to-eat meals. Innovations in packaging technology, such as resealable and microwaveable packaging, are enhancing the convenience factor, making packaged food an attractive choice for consumers.

The beverages segment encompasses a broad range of products, including soft drinks, juices, bottled water, tea, coffee, and alcoholic beverages. The rise in health consciousness among consumers has led to an increased demand for functional beverages, such as fortified drinks, energy drinks, and plant-based beverages. The growing trend of premiumization, where consumers are willing to spend more on high-quality and innovative beverage options, is also driving growth in this segment. Additio

In 2021, the total market value of grocery retailing came to approximately ***** billion British pounds (GBP) in the United Kingdom. Of the five major sales channels, supermarkets had the largest share of the market value with ** billion pounds. Supermarkets had more than twice as big a market value as the convenience channel, the second largest channel. By 2027, the value of grocery retailing is expected to increase to over *** billion British pounds. Where UK shoppers buy groceries Some 88 percent of surveyed grocery shoppers stated that they regularly shopped at supermarkets in the UK. Online retailers ranked in second place, with*** percent. Market leader Tesco held just over one-quarter of the market share of all grocery stores in Great Britain in September 2022. Together with Sainsbury's, the two retailers had a combined market share of **** percent. Tesco operated roughly ***** stores in the United Kingdom and the Republic of Ireland in 2022. With this presence the company regularly reached ** percent of shoppers according to a recent survey.

According to Cognitive Market Research, the global Food Retail market size will be USD 11963.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 4785.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3589.08 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2751.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 598.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 239.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The frozen food category is the fastest growing segment of the Food Retail industry

Market Dynamics of Food Retail Market

Key Drivers for Food Retail Market

Growing demand for convenience is driving the market

The surge in demand for convenience in the global food retail market is primarily driven by busy lifestyles, urbanization and the growing preference for ready-to-eat or easy-to-prepare meals. As more and more people migrate to cities and adopt fast-paced lifestyles, there is a greater need for quick and convenient meal solutions. Rise in dual-income households, particularly in emerging markets, longer working hours and limited time to engage in traditional cooking has led to a surge in demand for convenience food options including fast food, microwaveable meals and grab-and-go snacks. The expansion on online retail, delivery services and e-commerce has further fueled demand in the global food retail market. Mobile apps and artificial intelligence, enable retailers to offer personalized recommendations and streamlined shopping experiences. The COVID-19 pandemic further accelerated this trend, as consumers prioritized safety and convenience, driving retailers to invest heavily in online sales channels. This shift has forced traditional brick-and-mortar stores to adapt, expanding their digital presence and embracing new business models, creating new growth opportunities for the market.

RESTRAINTS

Rising costs are restraining market growth.

A significant restraint in the global food retail market is the shortage of labor and rising costs, leading up to higher operational costs, product shortages and disruptions in supply chains. The shortage of labor, despite increased incentives, leads to reduced service levels, resulting in increased pressure on existing staff and difficulty in meeting the rising consumer demand. The rise in competition, combined with higher wages for workers is driving up expenses for food retailers significantly. Furthermore, the high costs of transportation, production and raw material are also contributing to these added expenses.

These combined restrains force retailers to wind ways to improve efficiency and customer experience while managing costs.

Impact of Covid-19 on the Food Retail Market

The COVID-19 pandemic significantly impacted the Food Retail market, disrupting supply chains, consumer behaviour, and store operations. With lockdowns and social distancing measures, many brick-and-mortar stores saw a decline in foot traffic while online grocery shopping surged. Retailers had to rapidly adapt to the growing demand for e-commerce platforms, enhancing their digital infrastructure and delivery services. Supply chain disruptions led to product shortages, particularly fresh and perishable goods, and price fluctuations. Additionally, changing consumer preferences, with a focus on health-conscious and essential items, reshaped purchasing patterns. Introduction of the Food Retail Market

Food retail is the business of selling food and related products, often in packaged or prepared forms directly to consumers for off premises consumption. It comprises of a wide range of establishments such as supermarkets, grocery stores, convenience stores and specialized food shops. The global food retail market is a dynamic...

The global food retail market, valued at $6,378,020 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.7% from 2025 to 2033. This expansion is fueled by several key factors. The rising global population and increasing urbanization are driving demand for convenient and readily available food options, benefiting both large supermarket chains and quick-service restaurants (QSRs). Furthermore, changing consumer lifestyles, including a preference for healthier and more convenient food choices, are impacting purchasing behaviors. E-commerce penetration within the food retail sector continues to rise, creating opportunities for online grocery delivery and click-and-collect services. However, challenges persist, including supply chain disruptions, fluctuating food prices, and the increasing competition among established players and emerging brands. The market's segmentation is diverse, encompassing hypermarkets, supermarkets, convenience stores, online retailers, and QSRs, each catering to specific consumer needs and preferences. Key players like Walgreens Boots Alliance, Kroger, Carrefour, Tesco, and Walmart are actively innovating to retain market share, investing in omnichannel strategies, personalized offerings, and loyalty programs. The projected growth trajectory indicates a significant market expansion over the forecast period. This growth is expected to be particularly robust in developing economies, where rising disposable incomes and changing dietary habits are creating substantial opportunities. However, factors such as economic instability and geopolitical events could influence the market's performance. Furthermore, the increasing focus on sustainability and ethical sourcing is shaping consumer preferences, pushing companies to adopt environmentally friendly practices and transparent supply chains. Successful companies will be those that effectively adapt to evolving consumer expectations and proactively navigate challenges within the dynamic food retail landscape. The continuous integration of technology, including data analytics and artificial intelligence, is also expected to play a significant role in optimizing operations and enhancing the customer experience within the food retail sector.

Global Food And Grocery Retail market size 2025 is $12836.4 Billion whereas according out published study it will reach to $16841.8 Billion by 2033. Food And Grocery Retail market will be growing at a CAGR of 3.453% during 2025 to 2033.

Global Food Retail Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 3.44% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 191.65 Billion by the end of 2033, up from USD 141.36 Billion in 2024.

The Global Food Retail market size to cross USD 191.65 Billion by 2033. [https://edison.valuem

Market Size statistics on the Supermarkets & Grocery Stores industry in the US

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UK Grocery Retail Market Size 2025-2029

The UK grocery retail market size is forecast to increase by USD 56.2 billion at a CAGR of 3.8% between 2024 and 2029.

The UK Grocery Retail Market is segmented by product (food and beverages, non food), distribution channel (hypermarkets and supermarkets, convenience stores, discount stores, online, others), sales channel (in-store, online delivery, click-and-collect), consumer segment (urban consumers, rural consumers, premium shoppers), product types (fresh produce, packaged foods, household goods, health and beauty), and geography (Europe: UK). This segmentation reflects the market's diversity, driven by increasing demand for Fresh Produce and Health and Beauty products, growing Online and Click-and-Collect channels in urban areas, and a mix of Hypermarkets and Discount Stores catering to both Premium Shoppers and Rural Consumers across the UK.
The Grocery Retail Market in the UK is witnessing significant growth, driven by the trend of rapid urbanization and the resulting increase in consumer spending. These trends are driving the industry to innovate and offer more personalized shopping experiences through unique store layouts and expanded product offerings such as online grocery delivery services.
However, the market faces challenges, including the threat from counterfeit grocery products or instant grocery, which can negatively impact consumer trust and brand reputation. Retailers must prioritize measures to ensure product authenticity and maintain transparency with customers to mitigate these risks.
Navigating this complex landscape requires a strategic approach, with a focus on building strong relationships with suppliers, implementing effective pricing strategies, and leveraging technology to enhance operational efficiency and customer engagement. Companies that can successfully address these challenges while capitalizing on the market's growth opportunities will be well-positioned for success in the dynamic and competitive Grocery Retail Market in the UK.

What will be the size of the UK Grocery Retail Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic UK grocery retail market, sustainability practices are increasingly shaping consumer behavior. Retailers are adopting store designs that prioritize energy efficiency and waste reduction. Customer experience is a key differentiator, with retailers investing in promotion optimization, loyalty programs, and personalized marketing. Consumer trends towards healthier eating and convenience drive product assortment decisions. Retail management focuses on supply chain optimization, retail analytics, and category management to meet demand. Grocery technology, including digital marketing, e-commerce logistics, and inventory control, is transforming food retailing.
Store formats are evolving to include omnichannel retail and demand forecasting to better serve customers. Brand management and social media marketing are essential for building customer loyalty and engagement. Shelf space optimization and category management are crucial for maximizing sales and profitability.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Food and beverages
  Non food


Distribution Channel

  Hypermarkets and supermarkets
  Convenience stores
  Discount stores
  Online
  Others


Sales Channel

  In-Store
  Online Delivery
  Click-and-Collect


Consumer Segment

  Urban Consumers
  Rural Consumers
  Premium Shoppers


Product Types

  Fresh Produce
  Packaged Foods
  Household Goods
  Health and Beauty


Geography

  Europe

    UK

By Product Insights

The food and beverages segment is estimated to witness significant growth during the forecast period.

In the dynamic grocery retail market, various entities shape the industry landscape. Hygiene standards are prioritized to ensure food safety, while value products cater to consumers' increasing demand for affordability. Warehouse management systems streamline operations, and seasonal produce offers freshness and variety. Free-from products, such as gluten-free and vegan, cater to diverse dietary needs. Self-checkout kiosks enhance the shopping experience, and convenience stores cater to on-the-go consumers. Dairy products, canned goods, and dietary supplements are essential staples, while premium and private label brands differentiate offerings. Meat products, dairy, and bakery items are popular, with sales forecasting and local sourcing ensuring freshness and availability.

Sales in the household goods segment

Global Food Retail market was valued at USD 11.65 Trillion in 2022 and is projected to reach USD 14.79 Trillion at a CAGR of 3.03% by 2030.

The global food retail market reached approximately USD 8.20 Trillion in 2024. The market is projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching a value of around USD 12.26 Trillion by 2034.

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.

Food And Non-Food Retail Market size was valued at USD 12 Trillion in 2024 and is projected to reach USD 16.55 Trillion by 2031, growing at a CAGR of 3.6% from 2024 to 2031Food And Non-Food Retail Market DriversConsumer Preferences and Behavior: Changing consumer preferences, including preferences for healthier food options, organic products, and ethically sourced goods, influence the retail market. Non-food retailers also respond to shifts in consumer behavior, such as the growing demand for online shopping and omnichannel retail experiences.Economic Factors: Economic indicators such as GDP growth, disposable income levels, unemployment rates, and consumer confidence affect consumer spending patterns in both food and non-food retail sectors. During economic downturns, consumers may prioritize essential goods over discretionary purchases, impacting retail sales.Population Demographics: Population demographics, such as aging populations, urbanization trends, and changes in household sizes, influence retail market dynamics. For example, aging populations may drive demand for healthcare products and services, while urbanization can lead to increased demand for convenience foods and online shopping options.

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. .