North America Food & Grocery Retail Market (2024-2030) | Size, Value, Revenue, Share, Forecast, Analysis, Growth, Industry, Trends, Outlook & Companies

North America Food & Grocery Retail Market Highlights

Report Name	North America Food & Grocery Retail Market
Forecast period	2024-2030
CAGR	5.7%
Growing Sector	Retail

Topics Covered in North America Food & Grocery Retail Market Report

North America Food & Grocery Retail Market report thoroughly covers the market by countries, product and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Food & Grocery Retail Market Synopsis

North America Food & Grocery Retail Market is experiencing significant growth and projected to attain more growth in the coming years due to evolving consumer preferences, technological advancements, and innovative retail strategies. Major players in the market are constantly adapting to meet the demands for fresh, organic, and convenience-focused products. The market has experienced significant growth over the past decade, with a notable shift towards online grocery shopping, accelerated by the COVID-19 pandemic.

According to 6Wresearch, North America Food & Grocery Retail Market size is expected to grow at a CAGR of 5.7% during 2024-2030. Several factors are driving the growth of North America Food & Grocery Retail Market such as the increasing demand for convenience is a significant factor. Consumers are seeking easy and quick shopping solutions, which has led to the rise of online grocery platforms and home delivery services. Apart from this, the growing preference for organic and fresh foods is shaping the market landscape. Health-conscious consumers are prioritizing products that align with their wellness goals, driving retailers to expand their organic and fresh food offerings. Additionally, technological advancements are revolutionizing the retail experience. Innovations such as AI-driven customer insights, automated checkout processes, and efficient inventory management systems are enhancing operational efficiencies and customer satisfaction.

However, North America Food & Grocery Retail Market faces few restraints such as the high operational costs associated with maintaining robust e-commerce platforms and delivery services. Retailers need to invest significantly in technology infrastructure, workforce training, and logistics, which can strain financial resources, particularly for smaller players in the market. Additionally, fluctuations in supply chain stability, influenced by factors such as geopolitical tensions, natural disasters, and global pandemics, can disrupt inventory levels and affect product availability. Furthermore, the intense competition within the market, which pressures retailers to continuously innovate and cut prices, sometimes at the expense of profit margins.

North America Food & Grocery Retail Market: Leading Players

The key players include Walmart, The Kroger, Amazon.com, Costco Wholesale Corporation, Albertsons Companies, Ahold Delhaize. These companies are known for their Fresh and Whole Foods Market, these companies have captured a significant share of the online grocery market.

North America Food & Grocery Retail Market: Government Regulations

North America Food & Grocery Retail Market is growing and government’s regulation and policies are helping in extension of the market. One significant area of focus is food safety and quality standards, where regulatory bodies such as the FDA and USDA continuously review and update guidelines to safeguard public health. Additionally, various government programs are aimed at supporting local farmers and producers, promoting farm-to-table movements through grants and subsidies. These initiatives not only boost the local economy but also cater to the growing consumer preference for fresh, locally-sourced foods. Apart from this, the advancement of digital infrastructure to support the expanding e-commerce sector.

Future Insights of the Market

The future of North America Food & Grocery Retail Market looks promising due to various factors such as advancements in technology, evolving consumer preferences, and increased focus on sustainability. One of the most profound changes will be the integration of artificial intelligence (AI) and machine learning (ML) technologies to enhance customer experiences and optimize operations. Retailers are expected to leverage AI-powered tools for personalized shopping recommendations, predictive inventory management, and intelligent supply chain forecasting.  Additionally, the rise of direct-to-consumer (DTC) brands disrupting traditional retail models. These brands, often born online, bypass conventional distribution channels to offer unique products directly to consumers.

Market Segmentation by Countries

According to Ravi Bhandari, Research Head, 6Wresearch, United States is expected to see significant growth in coming years attributed to technological innovations and the expansion of omnichannel retailing. With a large population and a high rate of digital adoption, the U.S. market is ripe for the continued integration of AI and machine learning in retail operations.

Market Segmentation by Product

Fresh food is expected to see significant growth in coming years attributed to consumers' increased focus on health and wellness. As more people become aware of the benefits of consuming minimally processed foods, retailers are likely to capitalize by expanding their fresh food offerings, including fruits, vegetables, meat, and dairy.

Market Segmentation by Distribution Channel

Online grocery market is set for explosive growth in future due to advancements in digital infrastructure and the increasing comfort of consumers with e-commerce platforms. The convenience of online shopping, coupled with same-day delivery options and subscription models, will attract a larger customer base.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• North America Food & Grocery Retail Market Outlook
• Market Size of North America Food & Grocery Retail Market, 2020
• Forecast of North America Food & Grocery Retail Market, 2030
• Historical Data and Forecast of North America Food & Grocery Retail Revenues & Volume for the Period 2020 - 2030
• North America Food & Grocery Retail Market Trend Evolution
• North America Food & Grocery Retail Market Drivers and Challenges
• North America Food & Grocery Retail Price Trends
• North America Food & Grocery Retail Porter's Five Forces
• North America Food & Grocery Retail Industry Life Cycle
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Fresh Food for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Frozen Food for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Food Cupboard for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Beverages for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Cleaning & Household for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Fresh Food for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Frozen Food for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Food Cupboard for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Beverages for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Cleaning & Household for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Product for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Fresh Food for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Frozen Food for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Food Cupboard for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Beverages for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Cleaning & Household for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Departmental Stores & Clubs for the Period 2020 - 2030
• Historical Data and Forecast of North America Food & Grocery Retail Market Revenues & Volume By Online for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Departmental Stores & Clubs for the Period 2020 - 2030
• Historical Data and Forecast of United States Food & Grocery Retail Market Revenues & Volume By Online for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Convenience Stores for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Departmental Stores & Clubs for the Period 2020 - 2030
• Historical Data and Forecast of Canada Food & Grocery Retail Market Revenues & Volume By Online for the Period 2020 - 2030
• North America Food & Grocery Retail Market - Key Performance Indicators
• North America Food & Grocery Retail Market - Import Export Trade Statistics
• North America Food & Grocery Retail Market - Opportunity Assessment By Countries
• North America Food & Grocery Retail Market - Opportunity Assessment By Product
• North America Food & Grocery Retail Market - Opportunity Assessment By Distribution Channel
• North America Food & Grocery Retail Market - Top Companies Market Share
• North America Food & Grocery Retail Market - Top Companies Profiles
• North America Food & Grocery Retail Market - Comparison of Players in Technical and Operating Parameters
• North America Food & Grocery Retail Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Product

• Fresh Food
• Frozen Food
• Food Cupboard
• Beverages
• Cleaning & Household
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience Stores
• Departmental Stores & Clubs
• Online