The global market for Food and Grocery Retail was estimated at US$23.9 Trillion in 2024 and is projected to reach US$26.9 Trillion by 2030, growing at a CAGR of 2.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Food and Grocery Retail market.
The food and grocery retail market is undergoing a transformative shift, driven by digitalization, evolving consumer preferences, and innovations in supply chain management. The increasing demand for convenience, sustainability, and online shopping has redefined how consumers purchase food and essential goods. Retailers are adapting by integrating e-commerce solutions, offering personalized shopping experiences, and optimizing inventory management through advanced data analytics.
One of the most significant changes in the industry is the rise of omnichannel retailing. Consumers now expect seamless transitions between online and offline shopping, prompting retailers to enhance their digital presence while maintaining strong physical store operations. The expansion of click-and-collect services, home delivery options, and automated checkout systems has further revolutionized the sector. Additionally, advancements in artificial intelligence (AI) and machine learning are enabling retailers to predict consumer demand, manage supply chains more efficiently, and enhance the overall shopping experience.
What Market Trends Are Shaping the Future of Food & Grocery Retail?
The increasing dominance of e-commerce and quick commerce is one of the most influential trends in the market. Online grocery shopping has surged, fueled by changing consumer habits, improved digital infrastructure, and the demand for contactless delivery services. The rise of quick-commerce platforms, which promise ultra-fast delivery of grocery items within minutes, has intensified competition, pushing retailers to invest in micro-fulfillment centers and last-mile delivery innovations.
Another key trend is the growing emphasis on sustainability and ethical sourcing. Consumers are increasingly prioritizing organic, locally sourced, and environmentally friendly products. Retailers are responding by expanding their organic food offerings, reducing plastic packaging, and adopting carbon-neutral supply chain practices. Initiatives such as zero-waste grocery stores, reusable packaging programs, and sustainable sourcing certifications are gaining traction, influencing purchasing decisions.
The use of AI, big data, and automation in food and grocery retail is also transforming the industry. Retailers are leveraging predictive analytics to forecast demand, optimize pricing strategies, and enhance inventory management. Automated checkout systems, smart shelves, and digital price tags are improving efficiency and reducing operational costs. Additionally, the integration of blockchain technology is enhancing transparency in the food supply chain, allowing consumers to trace product origins and verify sustainability claims.
Which Regions Are Leading in Food & Grocery Retail Innovation?
North America and Europe remain the dominant markets for food and grocery retail, driven by advanced e-commerce infrastructure, strong consumer demand for convenience, and high penetration of digital payment systems. The United States and Canada have witnessed significant growth in online grocery sales, with major retailers investing in hybrid models that combine traditional shopping with digital solutions. In Europe, sustainability initiatives, organic food trends, and regulatory policies promoting ethical sourcing are shaping the industry’s future.
Asia-Pacific is emerging as the fastest-growing market, fueled by rapid urbanization, rising disposable incomes, and increasing internet penetration. China, India, and Southeast Asian countries are experiencing a boom in online grocery retail, with major e-commerce giants expanding their grocery delivery services. The region’s adoption of mobile payments and AI-driven personalized shopping experiences is setting new benchmarks for retail efficiency and consumer engagement.
Latin America and the Middle East are also witnessing steady growth, driven by expanding supermarket chains, digital payment adoption, and growing middle-class populations. While traditional brick-and-mortar stores remain dominant, the rise of digital grocery platforms and mobile-based shopping solutions is reshaping the retail landscape in these regions.
The Growth in the Food & Grocery Retail Market Is Driven by Several Factors
The increasing reliance on digital transformation is a primary driver of market growth, as retailers embrace e-commerce, AI-powered analytics, and automation to enhance efficiency and customer experience. The integration of smart retail solutions, such as cashier-less stores and personalized digital promotions, is further elevating consumer engagement.
Sustainability and ethical sourcing are also key factors fueling industry expansion. With growing environmental awareness, retailers are focusing on reducing food waste, implementing circular economy models, and promoting sustainable farming practices. These initiatives align with changing consumer expectations and regulatory frameworks emphasizing corporate responsibility.
Additionally, the rise of convenience-driven shopping behaviors, fueled by urbanization and changing lifestyles, is reshaping food and grocery retail. The demand for ready-to-eat meals, plant-based alternatives, and functional foods is pushing retailers to diversify product offerings and enhance supply chain agility. The adoption of AI-driven inventory management and real-time demand forecasting is enabling retailers to stay ahead of shifting market dynamics.
With continued advancements in digitalization, sustainability initiatives, and evolving consumer preferences, the food and grocery retail market is poised for sustained growth. As technology-driven innovations and customer-centric strategies reshape the industry, retailers will need to adapt quickly to maintain a competitive edge in the global market.
Segments: Product Type (Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning & Household, Others); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores & Clubs, Online)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Food & Grocery Retail Market - Key Trends & Drivers Summarized
How Is the Food & Grocery Retail Market Evolving in the Digital Age?The food and grocery retail market is undergoing a transformative shift, driven by digitalization, evolving consumer preferences, and innovations in supply chain management. The increasing demand for convenience, sustainability, and online shopping has redefined how consumers purchase food and essential goods. Retailers are adapting by integrating e-commerce solutions, offering personalized shopping experiences, and optimizing inventory management through advanced data analytics.
One of the most significant changes in the industry is the rise of omnichannel retailing. Consumers now expect seamless transitions between online and offline shopping, prompting retailers to enhance their digital presence while maintaining strong physical store operations. The expansion of click-and-collect services, home delivery options, and automated checkout systems has further revolutionized the sector. Additionally, advancements in artificial intelligence (AI) and machine learning are enabling retailers to predict consumer demand, manage supply chains more efficiently, and enhance the overall shopping experience.
What Market Trends Are Shaping the Future of Food & Grocery Retail?
The increasing dominance of e-commerce and quick commerce is one of the most influential trends in the market. Online grocery shopping has surged, fueled by changing consumer habits, improved digital infrastructure, and the demand for contactless delivery services. The rise of quick-commerce platforms, which promise ultra-fast delivery of grocery items within minutes, has intensified competition, pushing retailers to invest in micro-fulfillment centers and last-mile delivery innovations.
Another key trend is the growing emphasis on sustainability and ethical sourcing. Consumers are increasingly prioritizing organic, locally sourced, and environmentally friendly products. Retailers are responding by expanding their organic food offerings, reducing plastic packaging, and adopting carbon-neutral supply chain practices. Initiatives such as zero-waste grocery stores, reusable packaging programs, and sustainable sourcing certifications are gaining traction, influencing purchasing decisions.
The use of AI, big data, and automation in food and grocery retail is also transforming the industry. Retailers are leveraging predictive analytics to forecast demand, optimize pricing strategies, and enhance inventory management. Automated checkout systems, smart shelves, and digital price tags are improving efficiency and reducing operational costs. Additionally, the integration of blockchain technology is enhancing transparency in the food supply chain, allowing consumers to trace product origins and verify sustainability claims.
Which Regions Are Leading in Food & Grocery Retail Innovation?
North America and Europe remain the dominant markets for food and grocery retail, driven by advanced e-commerce infrastructure, strong consumer demand for convenience, and high penetration of digital payment systems. The United States and Canada have witnessed significant growth in online grocery sales, with major retailers investing in hybrid models that combine traditional shopping with digital solutions. In Europe, sustainability initiatives, organic food trends, and regulatory policies promoting ethical sourcing are shaping the industry’s future.
Asia-Pacific is emerging as the fastest-growing market, fueled by rapid urbanization, rising disposable incomes, and increasing internet penetration. China, India, and Southeast Asian countries are experiencing a boom in online grocery retail, with major e-commerce giants expanding their grocery delivery services. The region’s adoption of mobile payments and AI-driven personalized shopping experiences is setting new benchmarks for retail efficiency and consumer engagement.
Latin America and the Middle East are also witnessing steady growth, driven by expanding supermarket chains, digital payment adoption, and growing middle-class populations. While traditional brick-and-mortar stores remain dominant, the rise of digital grocery platforms and mobile-based shopping solutions is reshaping the retail landscape in these regions.
The Growth in the Food & Grocery Retail Market Is Driven by Several Factors
The increasing reliance on digital transformation is a primary driver of market growth, as retailers embrace e-commerce, AI-powered analytics, and automation to enhance efficiency and customer experience. The integration of smart retail solutions, such as cashier-less stores and personalized digital promotions, is further elevating consumer engagement.
Sustainability and ethical sourcing are also key factors fueling industry expansion. With growing environmental awareness, retailers are focusing on reducing food waste, implementing circular economy models, and promoting sustainable farming practices. These initiatives align with changing consumer expectations and regulatory frameworks emphasizing corporate responsibility.
Additionally, the rise of convenience-driven shopping behaviors, fueled by urbanization and changing lifestyles, is reshaping food and grocery retail. The demand for ready-to-eat meals, plant-based alternatives, and functional foods is pushing retailers to diversify product offerings and enhance supply chain agility. The adoption of AI-driven inventory management and real-time demand forecasting is enabling retailers to stay ahead of shifting market dynamics.
With continued advancements in digitalization, sustainability initiatives, and evolving consumer preferences, the food and grocery retail market is poised for sustained growth. As technology-driven innovations and customer-centric strategies reshape the industry, retailers will need to adapt quickly to maintain a competitive edge in the global market.
Report Scope
The report analyzes the Food and Grocery Retail market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Product Type (Fresh Food, Frozen Food, Food Cupboard, Beverages, Cleaning & Household, Others); Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Departmental Stores & Clubs, Online)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fresh Food segment, which is expected to reach US$7.7 Trillion by 2030 with a CAGR of a 2.2%. The Frozen Food segment is also set to grow at 2.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.5 Trillion in 2024, and China, forecasted to grow at an impressive 4.0% CAGR to reach $5.1 Trillion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Food and Grocery Retail Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Food and Grocery Retail Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Food and Grocery Retail Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Aeon Co., Ltd., Ahold Delhaize, Aldi, Amazon.com, Inc., Auchan Retail and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 32 Featured):
- Aeon Co., Ltd.
- Ahold Delhaize
- Aldi
- Amazon.com, Inc.
- Auchan Retail
- Carrefour S.A.
- Costco Wholesale Corp.
- Edeka Zentrale AG & Co.
- Loblaw Companies Limited
- Mercadona
- Metro AG
- Publix Super Markets Inc.
- Rewe Group
- Sainsbury`s
- Schwarz Gruppe
- Seven & I Holdings Co.
- Tesco PLC
- The Kroger Co.
- Walmart Inc.
- Woolworths Group
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aeon Co., Ltd.
- Ahold Delhaize
- Aldi
- Amazon.com, Inc.
- Auchan Retail
- Carrefour S.A.
- Costco Wholesale Corp.
- Edeka Zentrale AG & Co.
- Loblaw Companies Limited
- Mercadona
- Metro AG
- Publix Super Markets Inc.
- Rewe Group
- Sainsbury`s
- Schwarz Gruppe
- Seven & I Holdings Co.
- Tesco PLC
- The Kroger Co.
- Walmart Inc.
- Woolworths Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 281 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 23.9 Trillion |
| Forecasted Market Value ( USD | $ 26.9 Trillion |
| Compound Annual Growth Rate | 2.0% |
| Regions Covered | Global |
