Grocery Stores Market Report 2025 (Global Edition)

Global Grocery Stores Market Report 2025 Market Size Split by Type Outlook: (Big Stores, Convenience Stores), by Application Outlook: (Consumer Electronics, Furniture, Food And Beverage, Toys And Stat...

Grocery Stores Market Report Description

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Competitive Landscape of the Grocery Store Market

Various businesses, such as supermarket chains, discount stores, online grocery platforms, and independent local stores, influence the competitive environment of the grocery store market. Large grocery chains compete on things like pricing, loyalty plans, and product diversity, while bargain stores draw in budget-conscious consumers with their value-oriented products. Due to its convenience and contactless shopping features, online grocery services have increased competitiveness, especially among younger and urban consumers. Moreover, private-label products are essential for profitability and distinction. Competition is also increased by regional players who accommodate local tastes. To be competitive, the industry requires innovation in consumer engagement, supply chain management, and digital presence.

In February 2024, The RPSG group's Nature's Basket, the leading gourmet and fresh produce destination, declared the grand opening of its ground-breaking experience location at Mumbai's Krishna Curve Mall. This brand-new store promises an unmatched shopping experience by fusing the best products with an immersive and distinctive setting. (Source: https://s.rpsg.in/document/0/35/44/hindiustan-times-22.2.24_1708595185.pdf )

Top Companies Market Share in Grocery Stores Industry: (In no particular order of Rank)

• Avenue Supermarts Ltd.
• B L Agro Industries Ltd.
• Blink Commerce Pvt. Ltd.
• Brisam Retail Pvt. Ltd.
• Dookan Technologies s.r.o
• Dunzo Digital Pvt. Ltd.
• Flora foods
• FRESHTOHOME FOODS Pvt. Ltd.
• GFOI Retail Pvt. Ltd.
• Heritage Foods Ltd.
• Innovative Retail Concepts Pvt. Ltd.
• One97 Communications Ltd.
• Reliance Industries Ltd.
• RP Sanjiv Goenka Group
• Satvika Bio Foods India Pvt. Ltd.
• SPAR Group Inc.
• Tata Sons Pvt. Ltd.
• Walmart Inc.
• Zepto.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Grocery Store Market

Which Region Dominates the Grocery Store Market in 2024?

According to Cognitive Market Research, North America currently dominates the Grocery Store market, and the region is expected to have significant growth during the projected period. Trends in the North American grocery store market are centred on sustainability, convenience, and health. Stores are increasing their selection of fresh, organic, and minimally processed goods as consumer demand for these products keeps growing. Additionally, a lot of businesses have improved their digital platforms and curbside pickup services, which has expedited the transition toward online shopping and grocery delivery. In keeping with the environmental concerns of consumers, there is also an increasing emphasis on sustainable methods, such as eco-friendly packaging and local sourcing. Opportunities include using data analytics to create customized marketing and increase supply chain efficiency, as well as growing private label lines, particularly with organic and specialized products.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The grocery store market in Asia-Pacific is varied, with distinct patterns in every nation. Rapid digitalization in China has increased the number of mobile payment methods and online grocery platforms, and urban customers' desire for high-end, imported goods is growing. While local merchants continue to dominate, organized retail and supermarkets are becoming more popular in India as disposable incomes rise. In order to accommodate hectic lifestyles, convenience stores that offer fresh and ready-to-eat food are popular in Japan. Organic and health-conscious items are valued highly in Australia, where customers are drawn to locally produced and sustainable goods. In general, e-commerce is growing throughout the area and changing to meet the demands of different customers.

The current report Scope analyzes Grocery Stores Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Grocery Stores

According to Cognitive Market Research, the global Grocery Store market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Grocery Store market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. In the US, more and more customers are choosing delivery and pickup options when they shop for groceries online.
• The Canada Grocery Store market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Since the grocery stores in Canada serve a variety of ethnic cuisines and food preferences, the country's diverse population is a major motivator.
• The Mexico Grocery Store market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.

Europe Grocery Stores

According to Cognitive Market Research, the global Grocery Store market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Grocery Store market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. UK consumers who are health-conscious and ecologically sensitive are driving significant demand for organic, plant-based, and eco-friendly products.
• The France Grocery Store market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Grocery Store market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In Germany, there is a strong demand for organic foods and eco-friendly products and packaging.
• The Italy Grocery Store market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Grocery Store market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Grocery Store market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Grocery Store market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Grocery Store market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Grocery Store market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Grocery Store market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Grocery Stores

According to Cognitive Market Research, the global Grocery Store market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Grocery Store market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. In China, there is a growing need for quick and easy shopping options due to the country's fast urbanization.
• The Japan Grocery Store market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD XX million in 2024.
• The India Grocery Store market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. The increasing use of smartphones and mobile payments in India is driving the growth of online food shopping.
• The South Korean Grocery Store market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Grocery Store market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Grocery Store market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Grocery Store market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD XX million in 2024.

South America Grocery Stores

According to Cognitive Market Research, the global Grocery Store market size was estimated at USD XX Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Grocery Store market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Due to increased disposable income brought about by the economic recovery, Brazil's demand for a variety of grocery products has increased.
• Argentina's Grocery Store market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. In Argentina, there is a growing demand for organic products and healthier food options due to increased health consciousness.
• Colombia's Grocery Store market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• Peru's Grocery Store market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD XX million in 2024.
• Chile's Grocery Store market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Grocery Store market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.

Middle East Grocery Stores

According to Cognitive Market Research, the global Grocery Store market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• The GCC Countries Grocery Store market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD XX million in 2024. Fast food and Western-style goods are growing in popularity, impacting the selection of groceries in GCC countries.
• The Egypt Grocery Store market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Grocery Store market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD XX million in 2024. In South Africa, the need for contemporary retail formats and supermarkets is being spurred by the expansion of cities and metropolitan areas.
• The Turkey Grocery Store market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Grocery Store market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Grocery Store market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.

Grocery Stores Market Analysis

Grocery Store Market Type Segment Analysis

According to Cognitive Market Research, the Big Stores segment holds the largest share of the market. The grocery store market's big retailers, like supermarkets and hypermarkets, are in high demand because of their wide range of products, affordable prices, and ease of use. These shops serve a variety of customer needs, including electronics, household goods, fresh food, and packaged goods. Price-conscious consumers are drawn to them because of their capacity to provide private-label goods, discount schemes, and bulk purchasing. Large retailers can provide cheaper prices and greater inventory thanks to economies of scale. Many have also ventured into online sales and delivery, which has increased their popularity by giving a wide range of customers access to both digital and physical purchasing possibilities.

In the Grocery Store Market, Convenience Stores have been expanding at a rapid pace. Because they provide customers with a quick and easy shopping experience, convenience stores in the grocery store market are in great demand. Located in busy places like cities, petrol stations, and residential areas, these establishments serve customers who are pressed for time and are searching for prepared foods, snacks, drinks, and basic grocery goods. Their modest store layouts and extended operation hours make them a desirable choice for people with hectic schedules. Despite having a smaller assortment of products than larger retailers, their emphasis on quick, on-the-go purchases and expanding selection of fresh, ready-to-eat meals supports their demand in cities.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Grocery Stores Industry. Request a Free Sample PDF!

Grocery Store Market Application Segment Analysis

According to Cognitive Market Research, the Food and Beverage segment holds the largest share of the market. As the majority of grocery store sales are of food and beverages, demand for these products is a key factor driving the grocery store market. In addition to fresh produce, dairy, meats, snacks, drinks, and packaged items, consumers are becoming more interested in natural, organic, and health-conscious products. The increasing popularity of meal prep and home cooking increases demand for pantry essentials, while consumption of convenience foods and ready-to-eat meals drives sales of these items. Drink categories like organic juices, plant-based drinks, and health drinks are also growing. In response to changing consumer demands for convenience, quality, and variety, grocery stores are broadening their product lines.

In the Grocery Store Market, Consumer Electronics have been expanding at a rapid pace. As more grocery stores diversify their product lines beyond food and drink, there is an increasing trend in the demand for consumer electronics in the grocery store market. Consumer electronics, such as smart home appliances, headphones, personal computing devices, and small kitchen appliances, are increasingly being sold in big-box stores, hypermarkets, and large grocery chains. The ease of one-stop shopping, which enables consumers to buy electronics in addition to food, is what's driving this trend. Furthermore, home automation and smart kitchen appliances like refrigerators, coffee makers, and blenders are becoming more popular due to technological improvements, which increase the variety of products offered by grocery stores and their sources of income.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Grocery Stores Ownership Outlook: Segment Analysis

How are Segments Performing in the Global Grocery Store Market?

Grocery Store Market Ownership Segment Analysis

According to Cognitive Market Research, Retail chains are likely to dominate the Grocery Store Market over the forecast period. The demand for convenience, competitive prices, and a wide range of products from consumers drives the importance of retail chains in the grocery store market. To satisfy a wide range of consumer demands, chains provide a wide range of assortments in areas such as fresh produce, pantry essentials, and household necessities. Due to their well-established supply networks and economies of scale, retail chains are able to offer cheap prices, which attracts consumers on a tight budget. Their extensive geographic reach and digital products, like delivery services and smartphone apps, improve accessibility and accommodate hectic schedules. In order to foster customer loyalty, several chains also emphasize private brands and unique products. These benefits put retail chains in a strong position to dominate the supermarket industry.

The Independent Retailer is the fastest-growing segment in the Grocery Store Market. Local communities are served by independent merchants in the Grocery Store Market who provide specialized items, individualized services, and a carefully chosen assortment of commodities. Large retail chains compete with them, but they draw clients with distinctive products like speciality, local, or organic foods that are uncommon in mainstream establishments. High-quality products, flexible shopping hours, and customer interactions are frequently highlighted in these establishments. Furthermore, independent businesses are better able to adjust to local trends and tastes, which builds a devoted clientele. To compete with bigger grocery chains, many now make use of online shopping and delivery options, offering convenience in addition to their distinctive in-store experiences.

• Retail Chain
• Independent Retailer

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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