Grocery Retail Market

By Retail;

Hypermarkets & Supermarkets, Convenience Stores, Discount Stores, Online, and Others

By Product;

Foods & Beverages, and Non Food

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn872746257 Published Date: August, 2025 Updated Date: September, 2025

Grocery Retail Market Overview

Grocery Retail Market (USD Million)

Grocery Retail Market was valued at USD 486,185.06 million in the year 2024. The size of this market is expected to increase to USD 606,121.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.2%.


Grocery Retail Market

*Market size in USD million

CAGR 3.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.2 %
Market Size (2024)USD 486,185.06 Million
Market Size (2031)USD 606,121.23 Million
Market ConcentrationHigh
Report Pages350
486,185.06
2024
606,121.23
2031

Major Players

  • C.H. Robinson
  • FedEx Corporation
  • United Parcel Service (UPS)
  • XPO Logistics
  • DHL International GmbH
  • J.B. Hunt Transport Services
  • Maersk Line
  • CMA CGM Group
  • Kuehne + Nagel International AG
  • DB Schenker

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Grocery Retail Market

Fragmented - Highly competitive market without dominant players


The Grocery Retail Market is witnessing rapid growth due to increasing consumer demand for convenient, personalized, and technology-driven shopping experiences. Approximately 66% of consumers prefer retailers that offer multi-channel shopping, including online platforms and in-store integrations. The rising focus on product availability and enhanced customer experience is fueling market expansion.

Technological Advancements Transforming Retail Operations
Innovation in digital retail solutions is reshaping the industry, with nearly 58% of retailers adopting AI-powered analytics, smart inventory systems, and personalized recommendation engines. The integration of IoT-enabled shelf monitoring and real-time data tracking is improving stock visibility and operational efficiency. Automated checkout solutions are further enhancing shopping convenience for consumers.

Expanding Role of E-Commerce and Omnichannel Strategies
The integration of online and offline channels has driven a nearly 61% increase in digital grocery sales across major retailers. Consumers are increasingly relying on mobile applications, subscription-based delivery models, and personalized loyalty programs for a seamless shopping journey. Retailers are prioritizing flexible order fulfillment and last-mile delivery solutions to cater to evolving customer needs.

Emergence of Smart and Connected Retail Ecosystems
The market is shifting towards data-driven retail ecosystems that integrate automation, predictive analytics, and real-time consumer insights. Approximately 45% of leading grocery retailers are deploying cloud-based retail platforms and AI-enabled customer engagement tools to enhance personalization and improve operational agility. These innovations are revolutionizing grocery retail strategies and reshaping customer experiences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Retail
    2. Market Snapshot, By Product
    3. Market Snapshot, By Region
  4. Grocery Retail Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. E-commerce and Online Shopping
        2. Changing Consumer Preferences
        3. Technology and Innovation
      2. Restraints
        1. Intense Competition
        2. Supply Chain Challenges
        3. Regulatory and Compliance Issues
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Omni-channel Retailing
        3. Diversification and Innovation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Grocery Retail Market, By Retail, 2023 - 2033 (USD Million)
      1. Hypermarkets & Supermarkets
      2. Convenience Stores
      3. Discount Stores
      4. Online
      5. Others
    2. Grocery Retail Market, By Product, 2023 - 2033 (USD Million)
      1. Foods & Beverages
      2. Non Food
    3. Grocery Retail Market, By Geography, 2023 - 2033 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aldi Stores Ltd
      2. Co-operative Group Ltd.
      3. Costco Wholesale Corp.
      4. Iceland Foods Ltd.
      5. J Sainsbury Plc
      6. John Lewis Plc
      7. Lidl Stiftung & Co. KG
      8. Morrisons Ltd.
      9. Tesco Plc
      10. Walmart Inc.
  7. Analyst Views
  8. Future Outlook of the Market