Food & Non Food Retail Market Trends and Forecast
The future of the global food & non food retail market looks promising with opportunities in the to ending consumer and ad markets. The global food & non food retail market is expected to grow with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are shifting consumer preferences towards online shopping for both food and non-food items, rise of e-commerce platforms and advancements in technology, and integration of technology, such as AI and IoT to enhance inventory management and supply chain efficiency in the retail sector.
• Lucintel forecasts that internet sales is expected to witness the highest growth over the forecast period.
• Within this market, to ending consumer will remain the largest segment.
• APAC is expected to witness highest growth over the forecast period.
United States – Walmart expands its online grocery delivery service, aiming to capture a larger share of the e-commerce food market. Target sets targets to increase the sustainability of its non-food product packaging. The government announces tax incentives for retailers investing in renewable energy solutions.
India – Reliance Retail introduces an online marketplace for grocery and non-food items, targeting increased market penetration. Flipkart launches a digital platform for selling non-food products, aiming to diversify its offerings. The government sets targets to boost investment in cold chain infrastructure to reduce food wastage.
United Kingdom – Tesco announces plans to increase the number of stores offering click-and-collect services for groceries and non-food items. Marks & Spencer targets reducing single-use plastic packaging in its food and non-food products by 50% by 2025. The government introduces initiatives to support local retailers in adopting sustainable practices.
China – AlibabaÄX%$%Xs Tmall launches a cross-border e-commerce platform for selling imported food and non-food products, targeting Chinese consumers. JD.com expands its logistics network to improve delivery times for grocery and non-food orders. The government sets targets to promote digitalization and innovation in the retail sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Food & Non Food Retail by Segment
The study includes a forecast for the global food & non food retail by type, application, and region.
Food & Non Food Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Internet Sales
• Store Sales
Food & Non Food Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• To Ending Consumers
• Ad
• Others
Food & Non Food Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Food & Non Food Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies food & non food retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the food & non food retail companies profiled in this report include-
• Apple
• CVS Health
• Amazon
• Express
• Bestbuy
• Tjx
• Coop
Recent Development in the Food & Non Food Retail Market
Walmart: Introduces "Walmart+", a subscription service offering grocery delivery and discounts on non-food items, enhancing customer convenience and loyalty.
Reliance Retail: Expands its online marketplace, offering a wide range of groceries and non-food products, leveraging its extensive network for efficient delivery.
Tesco: Launches a sustainability initiative to reduce plastic packaging in both food and non-food products, aligning with consumer preferences for eco-friendly options.
AlibabaÄX%$%Xs Tmall: Establishes a cross-border e-commerce platform, enabling consumers to purchase imported food and non-food items directly from international sellers.
Features of the Global Food & Non Food Retail Market
Market Size Estimates: Food & non food retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Food & non food retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Food & non food retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the food & non food retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the food & non food retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for food & non food retail market?
Answer: The global food & non food retail market is expected to grow with a CAGR of 3.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the food & non food retail market?
Answer: The major drivers for this market are shifting consumer preferences towards online shopping for both food and non-food items, rise of e-commerce platforms and advancements in technology, and integration of technology, such as AI and IoT to enhance inventory management and supply chain efficiency in the retail sector.
Q3. What are the major segments for food & non food retail market?
Answer: The future of the global food & non food retail market looks promising with opportunities in the to ending consumer and ad markets.
Q4. Who are the key food & non food retail market companies?
Answer: Some of the key food & non food retail companies are as follows:
• Apple
• CVS Health
• Amazon
• Express
• Bestbuy
• Tjx
• Coop
Q5. Which food & non food retail market segment will be the largest in future?
Answer: Lucintel forecasts that internet sales is expected to witness the highest growth over the forecast period.
Q6. In food & non food retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the food & non food retail market by type (internet sales and store sales), application (to ending consumers, ad, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Food & Non Food Retail Market Market, Food & Non Food Retail Market Market Size, Food & Non Food Retail Market Market Growth, Food & Non Food Retail Market Market Analysis, Food & Non Food Retail Market Market Report, Food & Non Food Retail Market Market Share, Food & Non Food Retail Market Market Trends, Food & Non Food Retail Market Market Forecast, Food & Non Food Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.