Global Food & Grocery Retailing Industry Outlook 2024 - Online Penetration is Forecast to Rise by 0.3ppts to 6.7% in 2024, with 9% Growth in the Online Food & Grocery Market to Reach $755 Billion


Dublin, June 03, 2024 (GLOBE NEWSWIRE) -- The "Global Sector Series: Food & Grocery" report has been added to ResearchAndMarkets.com's offering.

This report provides an overview of the Global Food & Grocery Retailing which includes analysis, drivers, inhibitors, market forecasts, brands and trends in the Global Food & Grocery Market 2023-2028

The global food & grocery sector is forecast to experience a slowdown in 2024, with growth projected at 3.9% versus 4.3% in 2023, attributed to persistent food inflation and macroeconomic challenges. Online penetration is expected to rise by 0.3ppts to 6.7% in 2024, with 9% growth in the global online food & grocery market to reach $755 billion, driven by ongoing investments in retailers' digital strategies. Consumers prioritize value for money, quality, and price when making food & grocery purchases, as 79.9%, 78.4%, and 77.5% of consumers across key markets stated these factors as influential drivers while making purchases.

Report Scope

  • Food inflation and disruptions to supply will slow down 2024 growth
  • Online penetration is expected to grow in 2024, driven by continued investment in digitalization
  • Retailers should broaden their own-brand ranges to cater to price-conscious consumers

Reasons to Buy

  • Gain comprehensive knowledge on global food & grocery retail market and develop a competitive advantage
  • Investigate current trends in the global food & grocery retail market to identify the best opportunities to exploit these trends
  • Align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the food & grocery retail market globally
  • Align your marketing strategies with the crucial trends influencing consumer behavior
  • Analysis of key international players operating in global food & grocery retail market - including their market shares and revenues to give you a competitive edge and identify opportunities to improve your market share

Company Coverage:

  • Dufry(Avolta)
  • China Duty free Group
  • Lotte Duty Free
  • Lagardere Travel Retail
  • Duty Free Americas
  • Gebr Heinemann
  • DFS
  • Dubai Duty Free
  • Aer Rianta International
  • King Power International

Key Topics Covered:

01. Executive Summary

02. Key Trends in the Global Food & Grocery Market

  • Drivers and inhibitors
  • Key Trends
  • Strategies for success

03. Global Market Size with Forecasts to 2028

04. Regional Performance with Forecasts to 2028

05. Category Performance with Forecasts to 2028

06. Key Players: Market Shares and Brand Profiles

  • Top 10 retailers 2022 & 2023
  • Retailers in Focus: Carrefour
  • Retailers in Focus: Walmart
  • Retailers in Focus: Ahold Delhaize
  • Retailers in Focus: Seven & I
  • Retailers in Focus: Woolworths
  • Retailers to Watch

07. Consumers

For more information about this report visit https://www.researchandmarkets.com/r/v9lp52

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