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Research Jan, 08 2016

India together with China tops in global food retail growth

With supermarkets or hypermarkets accounting for the largest sector globally, there is no doubt that the future of the industry remains bright with the industry value expected to reach roughly USD 7,500 billion by the end of 2019.

By RI Bureau
edit@franchiseindia.net

The global food retail industry has been experiencing steady growth in the last couple of years. With a marked change in customer preference, a sharp move towards online shopping, rising global population and an increase in the purchasing power of emerging markets, the global food retail industry continues to grow at a good pace with the above mentioned factors driving the industry. Furthermore, government investment in infrastructure and the entry of global food giants in emerging economies has led to a boom in the food retail sectors of these markets.

The biggest game changers

China and India in particular are driving rapid growth in the global food retail industry, as Asia Pacific remains the largest market for food retail globally. Indonesia and Thailand are also witnessing excellent growth as modernization of traditional outlets is taking place. Meanwhile, food retail market in Europe, particularly Western Europe, is thought to have already reached a saturation point. Countries such as Italy, Spain, Denmark, France and Greece are in fact seeing a decline in their food retail industries.

With supermarkets or hypermarkets accounting for the largest sector in the global food retail industry, there is no doubt that the future of the industry remains bright with the industry value expected to reach roughly USD 7,500 billion by the end of 2019.

According to a global research, 75 of the leading global players in the food retail industry, 34 key food retail markets worldwide, and three major regions as well. Data covered in the report ranges from 2010 till 2019.

The report begins with an analysis of the global food retail industry through industry statistics, industry growth analyzed through industry value, industry segmentation, distribution channels that are used in the global food retail industry, and a forecast for the market up to 2019.

Related: No food is 'chemical free': research

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