Read the full report The Global Food Retail Industry
December 6, 2024 – The food retail market, a mature sector in most large economies, is shaped by income levels and population trends. Since 2019, retailers have faced significant challenges, including a pandemic-driven shift to online sales, though in-person shopping has largely rebounded. Rising costs and increased competition from discounters, warehouses, and tech-based delivery platforms have pressured traditional retailers, while private label brands have thrived amid consumer price sensitivity. Structural changes, like declining small retailers, costly delivery systems, and the unsuitability of large stores for modern shopping habits, further strain the sector’s profitability.
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