Instore Grocery Retail Market Trends and Forecast
The future of the global instore grocery retail market looks promising with opportunities in the supermarket, convenience store, and specialty store markets. The global instore grocery retail market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are consumer preference for in-store shopping experiences, expansion of grocery chains into new regions and markets, and integration of technology in grocery stores, such as self-checkout kiosks and mobile apps, enhancing convenience and efficiency.
• Lucintel forecasts that self-checkout system is expected to witness the highest growth over the forecast period.
• Within this market, supermarket is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Walmart introduces cashierless checkout technology in select stores, aiming to reduce wait times and improve customer convenience. The government provides grants for grocery stores to implement sustainable practices. Kroger sets targets to expand its online grocery pickup and delivery services nationwide.
United Kingdom – Tesco launches checkout-free technology trials in London stores, enhancing shopping convenience for customers. The government announces initiatives to support local grocery retailers through business grants and tax incentives. SainsburyÄX%$%Xs targets reducing food waste by implementing innovative packaging and supply chain solutions.
India – BigBasket expands its brick-and-mortar presence with new grocery stores in major cities, targeting increased market share. The government launches schemes to improve infrastructure and logistics for grocery retailing in rural areas. Reliance Retail aims to digitize traditional kirana stores, enhancing efficiency and customer experience.
China – AlibabaÄX%$%Xs Freshippo expands its offline footprint with innovative supermarket formats, integrating online and offline grocery shopping experiences. The government supports grocery retailers with incentives for technological innovation and sustainable practices. JD.com invests in automated warehouses to streamline grocery delivery operations nationwide.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Instore Grocery Retail by Segment
The study includes a forecast for the global instore grocery retail by type, application, and region.
Instore Grocery Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Self-Checkout Systems
• Electronic Shelf Labels
• Autonomous Store Inventory Management
• Digital Signage
• Automated Replenishment
• Others
Instore Grocery Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Supermarkets
• Convenience Stores
• Specialty Stores
• Others
Instore Grocery Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Instore Grocery 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 instore grocery retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the instore grocery retail companies profiled in this report include-
• Edeka
• Tesco
• Kroger
• Costco Wholesale
• Carrefour
• Ahold Delhaize
• Aldi
Recent Development in the Instore Grocery Retail Market
Walmart: Introduces "Scan & Go" technology, allowing customers to scan items with their smartphones for faster checkout experiences in-store.
Tesco: Implements checkout-free technology trials, enabling customers to shop without the need to wait in line at select London stores.
BigBasket: Expands brick-and-mortar presence with the launch of new grocery stores in major Indian cities, catering to the growing demand for offline grocery shopping experiences.
AlibabaÄX%$%Xs Freshippo: Launches innovative supermarket formats, integrating online and offline grocery shopping experiences, enhancing convenience for customers.
Features of the Global Instore Grocery Retail Market
Market Size Estimates: Instore grocery retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Instore grocery retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Instore grocery 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 instore grocery retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the instore grocery retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for instore grocery retail market?
Answer: The global instore grocery retail market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the instore grocery retail market?
Answer: The major drivers for this market are consumer preference for in-store shopping experiences, expansion of grocery chains into new regions and markets and integration of technology in grocery stores, such as self-checkout kiosks and mobile apps, enhancing convenience and efficiency.
Q3. What are the major segments for instore grocery retail market?
Answer: The future of the instore grocery retail market looks promising with opportunities in the supermarket, convenience store, and specialty store markets.
Q4. Who are the key instore grocery retail market companies?
Answer: Some of the key instore grocery retail companies are as follows:
• Edeka
• Tesco
• Kroger
• Costco Wholesale
• Carrefour
• Ahold Delhaize
• Aldi
Q5. Which instore grocery retail market segment will be the largest in future?
Answer: Lucintel forecasts that self-checkout system is expected to witness the highest growth over the forecast period.
Q6. In instore grocery 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 instore grocery retail market by type (self-checkout systems, electronic shelf labels, autonomous store inventory management, digital signage, automated replenishment, and others), application (supermarkets, convenience stores, specialty stores, 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 Instore Grocery Retail Market Market, Instore Grocery Retail Market Market Size, Instore Grocery Retail Market Market Growth, Instore Grocery Retail Market Market Analysis, Instore Grocery Retail Market Market Report, Instore Grocery Retail Market Market Share, Instore Grocery Retail Market Market Trends, Instore Grocery Retail Market Market Forecast, Instore Grocery Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.