Indian Food and Grocery Retail Market Research and Forecast 2020-2026

 

Indian food and grocery retail is expected to exhibit a rapid CAGR of 7.0% during the forecast period (2020-2026). Increasing disposable income, growing economy, urbanization, and heavy investments in the retailing sector are some of the major factors contributing to the growth of the Indian food and grocery retail market. Moreover, increasing usage of online service among millennials is providing huge growth to the online food and grocery market in the country. The past decade has seen substantial changes in the retail and e-retail space in India owing to the takeovers and acquisitions of numerous small-scale retail chains by larger international and domestic players in the food and grocery retail vertical. The acquisition of Flipkart by the American retailing giant Walmart, Inc. for a payment of about $16 billion stands out as the biggest procurement by a foreign retailer in the country.

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Additionally, the high-risk of catching COVID-19 and the health implications have led most Indians to only leave their homes for necessities, such as going to the grocery store. The disruption due to COVID-19 has also changed how many Indians purchase and consumes food. Due to the outbreak of the COVID-19 pandemic, consumers have shifted to online platforms causing most retailers to focus on e-retailing space. Indian market is dominated by small-scale and other groceries, however, retailing giants such as Walmart, Amazon.com, Aditya Birla Retail Ltd., Future Value Retail Ltd., and others are expected to invest heavily in the coming years. The cases of COVID-19 are largest in India in Asia-Pacific region by the end of July 2020 and they are still increasing in India. Due to this, the retail scenario not expected to be changed for the foreseeable future, and the food and grocery retail anticipated to experience a boost in demand.

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Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product and Distribution Channel
• Competitive Landscape- Aditya Birla Retail Ltd., Future Value Retail, Reliance Retail Ltd., and Star Bazaar (Tata Group), Amazon.com

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o   Recovery Timeline

o   Deviation from the pre-COVID-19 forecast

o   Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Indian Food and Grocery Retail Market Report Segment

By Product

• Packaged Foods
• Unpackaged Foods
• Beverages
• Other Household Products

By Distribution Channel

• Online
• Offline

Company Profiles

• Aditya Birla Retail Ltd.
• Amazon.com, Inc.
• Avenue Supermarts Ltd.
• Innovative Retail Concepts Pvt. Ltd. (Big Basket)
• Future Value Retail Ltd.
• Omnipresent Retail India Pvt Ltd. (Nature's Basket)
• Grofers India Pvt. Ltd.,
• Reliance Retail Ltd.
• Star Bazaar (Tata Group)
• Walmart Inc.

 

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