Published on : Nov 29, 2016
Albany, New York, November 29, 2016: The rapidly expanding food and grocery retail market is the focus of a new report added to the colossal archive of Market Research Hub (MRH). The report titled as “Food & Grocery Retail Top 5 Emerging Markets Industry Guide-2016” examines the emerging food and grocery retail industry in top 5 countries along with an analysis on market size & segmentation data, textual & graphical analysis of market growth trends and leading players. The report compares data in these emerging countries such as Brazil, China, India, Mexico and South Africa. The top 5 emerging countries are expected to reach a value of $5,492,449.3 million in 2020, with a CAGR of 10.7% over the 2015-20 period. China is currently the leading country among the top 5 nations with market revenues of $2,456,363.9 million.
The research studies that, health and nutritional concern among consumers are the major factors fuelling the growth of the food retail market. In Brazil, growing number of millionaires and emerging middle class will continue to make it a major retail location. It is well known that, China and India are among the countries witnessing a rapid growth in their middle class population. Convenience stores and gas stations are set to remain the major channel for food and grocery sales; however online retailers are growing at a faster pace. Due to busy life schedules many working class people have less time to shop for food items. Consequently, increasing online retail shopping through online retail formats such as in-store pickup and pure-play online grocers is expected to drive the food retail market in the coming years.
In the next section, the report studies the market growth and how it was in the previous years. China has already overtaken the U.S. as the world’s largest food retail market and the future forecast states that all BRIC nations will be in the top five grocery markets. China is further estimated to lead the food & grocery retail industry in the top five emerging nations with a value of $4,171,203.1 million in 2020, followed by India and Brazil with expected values of $692,902.2 and $332,890.8 million, respectively.
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The report also contains the description of the leading players including key financial metrics and competitive pressures within the market. This report is prepared using five forces analysis to determine the competitive intensity and hence attractiveness of the emerging market of food and grocery. In addition to this, buyer will be able to understand the future growth prospects of the emerging food & grocery retail market with a five year forecast from 2015- 2020.
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