The Asia Pacific food and grocery retail market is anticipated to grow at a CAGR of more than 6.5% during the forecast period. Increasing urbanization, disposable income, growing economy, among others are some of the primary factors that have contributed to remarkable growth in the Asia Pacific food and grocery retail market in the last decade. The large population base has also contributed significantly to the market as more than 60% of the global population residing in the Asia Pacific, surging the demand for a better lifestyle. The outbreak of the pandemic has however affected the market negatively, but the region is expected to recover intensely in the second half of the year 2020, as the demand for packaged foods and grocers increases. 

The Asia Pacific food and grocery retail market is segmented on the basis of product and distribution channels. Based on the product, the food and grocery retail market is segmented into packaged foods, unpackaged foods, beverages, and other household products. Based on the distribution channel, the market is segmented into modern grocery retailers that is online and offline (brick and mortar channel). Due to the increasing internet penetration due to easy access to the internet, the prospect of growth for online retailers is exceptionally high in the region.

By geography, the market is segmented into China, Japan, India, South Korea, ASEAN, and the Rest of Asia Pacific. China is anticipated to lead the way with increasing industrialization and investments. India is expected to be the fastest-growing country in the food and retail sector market as investors are seeking development opportunities in the country. 

AEON Co., Ltd., CP All Public Co. Ltd., Future Value Retail Ltd., Seven & i Holdings Co., Ltd., Wesfarmers Ltd., and Yonghui Superstores Co., Ltd., among more are some of the major players present in the Asia Pacific food and grocery retail market. The key players have invested heavily in the last decade to part increasing their market share across the region. More and more giants such as Walmart and Tesco are entering the Asia Pacific food and grocery retail market as part of their expansion. The Asia Pacific food and grocery retail market holds maximum growth potential all across the globe and the region expects to witness more investments in the upcoming years.

Research Methodology

The market study of the Asia Pacific food and grocery retail market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. 

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia Pacific Food and Grocery Retail Market Research and Analysis By Product
2. Asia Pacific Food and Grocery Retail Market Research and Analysis By Distribution Channel

The Report Covers

• Comprehensive research methodology of the global food and grocery retail market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global food and grocery retail market.
• Insights about market determinants which are stimulating the global food and grocery retail market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.