Global Food & Grocery Retail Market Databank
The Food & Grocery Retail market was valued at $1,390.0 Million in 2020, and is projected to reach $2,654.9 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Food Cupboard segment is expected to be the highest contributor to this market, with $513.5 Million in 2020, and is anticipated to reach $1,010.8 Million by 2029, registering a CAGR of 7.86%. Food Cupboard and Beverages segments collectively expected to account for about 57.9% share of the Food & Grocery Retail market in 2020, with the former constituting around 36.9% share. Food Cupboard and Cleaning & Household segments are expected to witness significant growth rates at a CAGR of 7.86% and 7.66% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 47.4% in the overall Food & Grocery Retail market in 2020, and is anticipated to reach 48.7% by 2029.
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