The global food and beverage stores market size is expected to grow from $1.99 trillion in 2021 to $2.26 trillion in 2022 at a compound annual growth rate (CAGR) of 13.6%. The global food and beverage store market size is expected to grow to $3.65 trillion in 2026 at a CAGR of 12.7%.
What is the Global Food And Beverage Stores Market?
The food and beverage stores’ market consists of sales of food and beverages and related services by entities (organizations, sole traders, and partnerships) that retail food and beverages merchandise, from fixed point-of-sale locations. This industry includes grocery stores, specialty food stores, convenience stores, and beer, wine, and liquor stores.
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What drives the Global Food And Beverage Stores Market?
The food and beverage stores market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
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Global Food And Beverage Stores Market Segments
The global food and beverage stores market is segmented:
By Type: Specialty Food Stores, Beer, Wine and Liquor Stores
By Ownership: Retail Chain, Independent Retailer
By Price Range: Premium, Mid-Range, Economy
By Geography: The regions covered in the food and beverage stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Food And Beverage Stores Global Market Report 2022provides market size and growth forecasts for the global food and beverage stores market, global food and beverage stores market share, food and beverage stores market segments and geographies, food and beverage stores market competitive landscape including leading competitors’ revenues, profiles and market shares. The food and beverage stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Food And Beverage Stores Industry Playersinclude Woolworths ltd, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize N.V, LVMH Moet Hennessy Louis Vuitton SE, George Weston Ltd, Jardine Matheson, Seven & i Holdings Co. Ltd., Marubeni, Greggs plc, and Lancaster Colony Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
