Austria: Food & Grocery - Market Shares, Summary & Forecasts to 2023

Austria: Food & Grocery - Market Shares, Summary & Forecasts to 2023

Summary:

“Austria:Food & Grocery - Market Shares Summary Forecasts to 2023” provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Austria retail environment. In addition, it analyzes the key consumer trends influencing Austria food & grocery industry

Food & grocery is the largest sector in Austrian retail space, accounting for nearly half of total retail sales in 2019. Sales are forecast to grow from EUR35.1 billion in 2019 to EUR38.5 billion by 2023, growing at a CAGR of 2.3%.

What else does this report offer?

• In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
• The report also details major retailers in food & grocery category group with their product proposition analysis and market positioning in 2018 along with recent key developments
• Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
• Retail sales and the fastest-growing product categories in food & grocery sector
• Qualitative and quantitative insights of changing retail dynamics in food and grocery sector

Scope:

• Increasing demand for organic and natural foods drive growth
• Hypermarkets remains the dominant channel, while online channel gains share
• Low share of online channel offers strong growth prospects for retailers to leverage
• Leading position of Spar is underpinned by its private label ranges
• Spar is consolidating its operations by closing non-performing stores to drive growth

Reasons to buy:

• Gain a comprehensive knowledge on food and grocery sector in the Austria retail market and develop a competitive advantage from the start of your supply chain
• Investigate current and forecast behavior trends in food and grocery category to identify the best opportunities to exploit
• Analysis of key international and domestic players operating in the food and grocery market
• Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the food and grocery market
• Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
• Analysis of key international and domestic players operating in Austria retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share