France food and grocery retail is expected to exhibit a significant CAGR of 4.1% during the forecast period (2020-2026). French consumers are conscious about what they eat and there is a growing awareness of the benefits of healthy eating, which is driving the food and grocery retail market. Individuals are increasingly becoming interested in organic food. The increasing median age of the population means more elders, who are conscious about diet, are ready to spend more on food and grocery purchases. Traditionally, customers in France do not tend to shop very often, which makes it necessary to buy goods in large volumes. This is responsible for the large market share of hypermarkets. Additionally, the wider variety of products offered in hypermarkets is more attractive for variety-seeking French customers. However, this trend is slowly changing as the price difference between hypermarkets and convenience stores is gradually decreasing and customers are looking to make smaller purchases with frequent store visits where they have better control over their purchases.
Browse the full report description France Food and Grocery Retail Market Size, Share & Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods, Beverages, and Other Household Products) by Distribution Channel (Online and Offline) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/france-food-and-grocery-retail-market
Competition between players is fierce due to the limited level of product differentiation and consumers' negligible switching costs, combined with a challenging and volatile market environment. Increasing e-commerce penetration, pricing competition, and an inclination toward proximity convenience stores have put pressure on the vertical’s largest players. Competition is expected to encourage growth over the forecast period as leading supermarket chains adapt their business strategies to changing consumer behaviors. As Amazon.com has entered the French food & grocery market, other retailers have to improve their e-commerce offering to keep up. After the COVID-19 pandemic, online retail will become a key growth driver in the coming years.
Market Coverage
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected segment
France Food and Grocery Retail Market Report Segment
By Product
By Distribution Channel
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/france-food-and-grocery-retail-market