Asia Pacific Grocery Market Report and Forecast 2025-2034

Asia Pacific Grocery Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Asia Pacific grocery market size is projected to grow at a CAGR of 4.5% between 2025 and 2034. Aided by rapid urbanisation and the expansion of modern retail formats, the market is expected to grow significantly by 2034.

Groceries, which include food, beverages, household supplies, and personal care items, form an essential part of daily life. The primary driver of the Asia Pacific grocery market growth is rapid urbanisation across countries like China, India, Japan, and Australia. Urban populations tend to prefer modern retail formats, such as supermarkets, hypermarkets, and online grocery platforms, which offer convenience and a wide variety of products under one roof. This shift from traditional markets to organised retail channels has significantly influenced the Asia Pacific grocery market dynamics.

Additionally, the rising disposable incomes in the region have led to increased spending on premium and organic products. Consumers are becoming more health-conscious, leading to a surge in demand for fresh, organic, and minimally processed foods. This trend is particularly prominent in urban areas, where consumers are more exposed to global food trends and healthier lifestyle choices.

Technological advancements have also played a crucial role in the growth of the market. The proliferation of e-commerce platforms and mobile applications has made grocery shopping more convenient and accessible. Online grocery delivery services have gained immense popularity, especially post the COVID-19 pandemic, as consumers sought safe and contactless shopping options. This is expected to continue, with retailers investing in digital infrastructure to enhance the online shopping experience. This is one of the key Asia Pacific grocery market trends.

Another significant trend favouring the Asia Pacific grocery market outlook is the growing demand for sustainable and eco-friendly products. Consumers are becoming more environmentally conscious, leading to increased demand for products with sustainable packaging, organic ingredients, and ethical sourcing. Retailers are responding to this trend by expanding their range of eco-friendly products and adopting sustainable business practices.

Moreover, the popularity of private-label products is rising in the region. Supermarkets and hypermarkets are increasingly offering their own branded products, which are often more affordable than national brands. This trend is driven by cost-conscious consumers seeking value for money without compromising on quality.

China dominates the Asia Pacific grocery market share, driven by its large population, rapid urbanisation, and advanced e-commerce infrastructure. The country's grocery market is characterised by a strong presence of both traditional and modern retail channels, with a growing emphasis on online platforms.

India is another significant market, with a rapidly expanding middle class and increasing internet penetration driving the growth of online grocery shopping. The Indian government's initiatives to promote digital payments and improve rural connectivity have further supported market growth.

As per the Asia Pacific grocery market analysis, Japan and South Korea are mature markets with high levels of urbanisation and technological adoption. Consumers in these countries are highly discerning, with a strong preference for high-quality, fresh, and premium products. The grocery market in these countries is characterised by a blend of traditional and modern retail formats, with a growing focus on convenience and sustainability.

The Asia Pacific grocery market value is poised for a significant surge in the coming years, driven by rapid urbanisation, rising incomes, and technological advancements. The increasing demand for convenient, healthy, and sustainable products will continue to shape market dynamics, while the growth of e-commerce and digital technologies will transform the retail landscape.

Retailers will need to adapt to changing consumer preferences by offering diverse product ranges, enhancing the online shopping experience, and adopting sustainable practices. The integration of technology, such as artificial intelligence, data analytics, and automation, will play a crucial role in improving operational efficiency and customer engagement. This is expected to facilitate the Asia Pacific grocery market development.

Market Segmentation

The market can be divided based on product type, distribution channel, and country.

Market Breakup by Product Type

• Packaged Food
• Unpackaged Food
• Drinks
• Tobacco
• Household Products
• Others

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Online Channels
• Others

Market Breakup by Country

• China
• Japan
• India
• ASEAN
• Australia
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific grocery market. Some of the major players explored in the report by Expert Market Research are as follows:

• Nestlé S.A.
• The Procter & Gamble Company
• Unilever plc
• The Coca-Cola Company
• Pepsico, Inc.
• Mondelez International Inc.
• Danone SA
• General Mills Inc.
• Kraft Heinz Co.
• Kellanova
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.