Global Food & Grocery Retail Market Size & Outlook

The food & grocery retail industry worldwide is expected to reach a projected revenue of US$ 14,781.1 million by 2030. A compound annual growth rate of 3.1% is expected of the worldwide food & grocery retail industry from 2024 to 2030.
Revenue, 2023 (US$M)
$11,932.5
Forecast, 2030 (US$M)
$14,781.1
CAGR, 2024 - 2030
3.1%
Report Coverage
Worldwide

Global food & grocery retail market, 2018-2030 (US$M)

Global food & grocery retail market highlights

  • The global food & grocery retail market generated a revenue of USD 11,932.5 million in 2023 and is expected to reach USD 14,781.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 3.1% by 2030.
  • In terms of segment, fresh food accounted for a revenue of USD 11,932.5 million in 2023.
  • Fresh Food is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 11,932.5 million
Market revenue in 2030USD 14,781.1 million
Growth rate3.1% (CAGR from 2023 to 2030)
Largest segmentFresh food
Fastest growing segmentFresh Food
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFresh Food

Other key industry trends

  • In terms of revenue, the North America accounted for 15.7% of the global food & grocery retail market in 2023.

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Food & Grocery Retail Market Scope

Food & grocery retail market segmentation & scope
Fresh Food
Frozen Food
Food Cupboard
Beverages
Cleaning & Household
Others
Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores, Departmental Stores & Clubs
Online
Countries
U.S.
Canada
Mexico
UK
Germany
France
Spain
Italy
China
India
Japan
Australia
South Korea
Brazil
Argentina
Saudi Arabia
South Africa

Food & Grocery Retail Market Companies

Name Profile # Employees HQ Website

Global food & grocery retail market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food & grocery retail market will help companies and investors design strategic landscapes.


Fresh food was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global food & grocery retail market based on fresh food covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Food & Grocery Retail Product Outlook (Revenue, USD Million, 2018-2030)
    • Fresh Food
    • Frozen Food
    • Food Cupboard
    • Beverages
    • Cleaning & Household
    • Others
  • Global Food & Grocery Retail Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • Supermarkets & Hypermarkets
    • Convenience Stores, Departmental Stores & Clubs
    • Online

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Target buyers of Global food & grocery retail market databook

  • Our clientele includes a mix of food & grocery retail market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food & grocery retail market , including forecasts for subscribers. This global databook contains high-level insights into Global food & grocery retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global food & grocery retail market size, by regions, 2018-2030 (US$M)

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