Increasing customer preference towards private label brands, rising consumer spending on food items and increasing supermarket shopping culture are some of the major drivers of the food retail market. Market share of independent and specialist retailers is expected to decline on account of rapid growth of other segments such as supermarkets/hypermarkets. The industry is facing challenges in the form of supply chain ineffectiveness and threat from unorganized players. However, the burgeoning ... Read more

Increasing customer preference towards private label brands, rising consumer spending on food items and increasing supermarket shopping culture are some of the major drivers of the food retail market. Market share of independent and specialist retailers is expected to decline on account of rapid growth of other segments such as supermarkets/hypermarkets. The industry is facing challenges in the form of supply chain ineffectiveness and threat from unorganized players. However, the burgeoning ... Read more

According to a new market report published by Persistence Market Research “Global Market Study on Food Retail: Supermarkets/hypermarkets Segment To Witness Highest Growth by 2020,” the global Food Retail market was valued at USD 5,643.6 billion in 2013 and is expected to grow at a CAGR of 6.1 % from 2014 to 2020, to reach an estimated value of USD 8,541.9 billion in 2020.

Rise in the global population, changing customer preferences, and emerging ... Read more