PUBLISHER: MarketLine | PRODUCT CODE: 1384475
PUBLISHER: MarketLine | PRODUCT CODE: 1384475
Global Food & Grocery Retail industry profile provides top-line qualitative and quantitative summary information including: Market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The food & grocery retail market is segmented into household products, tobacco, food, and drinks.
Household products encompass a wide range of items that are used in households, such as air fresheners, bleach, dishwashing liquids, furniture cleaners, general-purpose cleaners, insecticides, paper products, scouring agents, textile cleaners, and toilet care products.
Tobacco includes chewing tobacco, cigarettes, cigars & cigarillos, and loose tobacco.
The drinks market refers to the retail sales of soft drinks, hot beverages, and alcoholic beverages, excluding sales that take place in bars, pubs, and other on-trade establishments.
The food market includes packaged and unpackaged bakery and cereals, canned food, chilled food, confectionery, dairy products, dried food, frozen food, ice cream, oils and fats, sauces, dressings and condiments, savory snacks, soup, spreads, baby food, and pet food.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation). All currency conversions in this report have been calculated using constant 2022 annual average exchange rates.
The Asia-Pacific region dominated the global food & grocery retail market, accounting for the largest share of 54.6% in 2022.
The global food & grocery retail market had total revenues of $11,059.1 billion in 2022, representing a compound annual growth rate (CAGR) of 7.5% between 2017 and 2022.
The food segment accounted for the market's largest proportion in 2022, with total revenues of $8,277.4 billion, equivalent to 74.8% of the market's overall value.