North America Food and Grocery Retail Market Growth, Size, Share and Forecast 2020-2026

 

North America’s food and grocery retail is estimated to display a steady CAGR of around 4.5% during the forecast period (2020-2026). As per capita disposable income increased during the last decade, many consumers shifted to premium, organic and all-natural brands, helping lift food and grocery retail industry revenue. The huge presence of retailing giants such as Amazon.com Inc., Walmart Inc., Metro Inc., and Sysco Corp., among others also makes the region a colossal market for the food and grocery retail.

A full report of North America Food and Grocery Retail Market is available at: https://www.omrglobal.com/industry-reports/north-american-food-and-grocery-retail-market

The high-risk of catching COVID-19 and the health implications have led most Americans 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 Americans purchase and consumes food. Credit Suisse estimates that 80% of the US household food spends now goes towards food at home rather than food away from home. As restaurants closed and people began staying home from March 2020, grocery stores experienced a huge surge in demand. There were runs on many household staples, including pasta, flour, toilet paper, and soap. Processed foods and canned goods were also in high demand. The cases of COVID-19 are increasing in the region, especially in the US, so the retail scenario is not expected to be changed in the foreseeable future, and the food and grocery retail anticipated to experience boost in demand for a couple of year in the region.

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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
• Regions Covered- North America (The US and Canada)
• Competitive Landscape- Amazon.com, Inc., Alimentation Couche-Tard Inc., George Weston Limited, Metro Inc., Sysco Corp., Walmart Inc.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in base year?
• Which segment/region 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

o   Who is the leader in the market?

o   How players are addressing challenges to sustain growth?

o   Where is the investment opportunity?

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North America Food and Grocery Retail Market Report Segment

By Product

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

By Distribution Channel

• Online
• Offline

North America Food and Grocery Retail Market Report Segment – By Country

• US
• Canada

Company Profiles

• Alimentation Couche-Tard Inc.
• Amazon.com, Inc.
• Empire Company Ltd.
• George Weston Ltd.
• Metro Inc.
• Performance Food Group Co.
• Publix Super Markets, Inc.
• Sysco Corp.
• The Kroger Co.
• US Foods, Inc.
• Walmart Inc.

 

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