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.
Browse the full report description Indian Food and Grocery Retail Market Size, Share & Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods, Beverages, Other Household Products) By Distribution Channel (Online and Offline) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/indian-food-and-grocery-retail-market
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 consume 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.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
Indian Food and Grocery Retail Market Report Segment
By Product
By Distribution Channel
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