Leading Food & Grocery Retail Country Markets 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. Europe is expected to be the highest contributor to this market, with $518.5 Million in 2020, and is anticipated to reach $1,017.7 Million by 2029, registering a CAGR of 7.82%. Asia-Pacific is anticipated to reach $885.2 Million by 2029 with the highest CAGR of 9.01%. Europe and Asia-Pacific collectively expected to account for about 66.7% share of the Food & Grocery Retail market in 2020, with the former constituting around 37.3% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 9.01% and 7.82% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.7% in the overall Food & Grocery Retail market in 2020, and is anticipated to reach 71.7% by 2029.
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