Grocery Stores & Supermarkets Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/10/2018
SIC Codes: 5411
NAICS Codes: 44511
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Grocery Stores & Supermarkets Industry Profile

Changes in the way consumers eat and shop for food are roiling the crowded global grocery market. Disruptors include online competitors, the rise of discounters, and changing consumer perceptions of value. Traditional grocery chains now compete for market share with a slew of domestic and foreign competitors, including warehouse clubs and discounters, convenience, drug, and dollar stores, internet retailers, and meal-kit delivery companies. Cross-border forays by grocery retailers looking for growth beyond mature home markets continue to reshape the grocery sector.

Global food retail sales exceed $4 trillion annually, according to the US Department of Agriculture. Industry sales are expected to grow 6.1% annually through 2020, driven by population growth and rising incomes in countries such as China and India, according to Persistence Market Research. The global landscape is dominated by US and European firms, although Australia also boasts major chains. Unlike other industries, grocery retail is still largely led by local players in most countries. The top 15 retailers account for more than 30% of world supermarket sales. In the US, sales by the 20 largest food retailers accounted for two-thirds of grocery store sales in 2016, according to the USDA.

Companies in this industry operate retail stores that offer a general selection of food products. Discount stores and warehouse clubs, which are leading sellers of groceries, are covered in separate industry profiles.

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Grocery Stores & Supermarkets that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options