Food and Beverage Stores Market Report 2025

This Food and Beverage Stores market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The food and beverage stores market size has grown rapidly in recent years. It will grow from $2.85 trillion in 2024 to $3.2 trillion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to economic conditions, consumer preferences, population growth, urbanization, technological advances.

The food and beverage stores market size is expected to see strong growth in the next few years. It will grow to $4.53 trillion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to e-commerce and online grocery, health and wellness trends, private label and store brands, digital marketing and personalization. Major trends in the forecast period include sustainability and eco-friendly practices, virtual grocery shopping and augmented reality (AR), food safety and traceability, convenience and ready-to-eat foods.

The food and beverage stores market is expected to benefit from the steady economic growth projected for both developed and developing nations. According to the United Nations' *World Economic Situation and Prospects 2024* report, global GDP growth is anticipated to slow from an estimated 2.7% in 2023 to 2.4% in 2024. A recovery in commodity prices, after a significant decline, is also expected to be a key driver of economic growth. The US economy is forecasted to experience stable growth, while emerging markets are expected to grow slightly faster than developed markets during the same period. The anticipated economic growth is likely to boost public and private investments, joint ventures, and foreign direct investments in the end-user markets, thus propelling the food and beverage stores market during the forecast period.

The growth of restaurants and food service establishments is expected to significantly boost the food and beverage stores market in the coming years. Restaurants and food service establishments refer to businesses that prepare and serve food and drinks to customers, offering a wide range of dining experiences. Food and beverage stores play a crucial role in these businesses by supplying the ingredients, resources, and materials necessary to maintain high-quality menus and efficient kitchen operations. For example, in October 2022, the UK’s Office for National Statistics reported that the number of licensed restaurants in the UK rose to 31,425 in 2022, up from 29,680 in 2021. As the number of restaurants and food service establishments continues to grow, so does the demand for food and beverage stores, driving the market forward.

Self-checkout technology has seen widespread adoption in department stores, specialty shops, and small convenience stores, enabling the automation of payment processes. These self-checkout systems are seamlessly integrated with mobile software applications to capture purchase data and facilitate automatic payment transactions. They leverage technologies like Near Field Communication (NFC) or quick response codes (QR codes), which are machine-readable optical labels, eliminating the necessity for traditional checkouts, long queues, manual loading and unloading, and the need for employees to manage checkout counters. This automation results in reduced operational costs and a significant reduction in the time typically spent on manual billing processes. The utilization of self-checkout systems is prevalent in retail stores, particularly in the United States and the United Kingdom. For example, in a survey assessing self-service checkouts across various countries, 90% of respondents reported using self-checkouts, with Australia and Italy being among the leading adopters. As an illustration of this trend, Wal-Mart has installed 10,000 self-checkout systems in its 1,200 stores throughout the USA.

Prominent companies in the food and beverage stores market are embracing innovation, with initiatives like the introduction of milk run stores aimed at enhancing their market revenue. 'Milk run' stores operate as ultra-convenient, app-based platforms that allow customers to effortlessly order a wide range of grocery items within minutes. As an example of this trend, in July 2023, Woolworths Ltd., an Australia-based retail company, unveiled its 'milk run' service in New Zealand. In this system, local Countdown supermarkets handle the selection and packing of products, ensuring their delivery to customers in under an hour. To encourage initial use, customers can benefit from free delivery on their first three orders, with a subsequent fixed delivery fee of $7, excluding any additional service charges. The overarching goal of 'milk run' is to provide clients with a swift, convenient, and dependable option for having their groceries delivered directly to their doorsteps.

Major companies operating in the food and beverage stores market include Woolworths Group Limited, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Limited, Jardine Matheson Holdings Limited, Seven & i Holdings Co. Ltd., Marubeni Corporation, Greggs PLC, Lancaster Colony Corporation, Walmart Inc., The Kroger Company, Albertsons Companies Inc., Ahold Delhaize USA Inc., Publix Super Markets Inc., H-E-B Grocery Company LP, Meijer Inc., Hy-Vee Inc., Wegmans Food Markets Inc., Giant Eagle Inc., Wakefern Food Corporation, WinCo Foods Inc., Sprouts Farmers Market Inc., Whole Foods Market Inc., Trader Joe's Company, Aldi Inc., Lidl US LLC, Costco Wholesale Corporation, Sam's West Inc., Target Corporation, The Home Depot Inc., Lowe's Companies Inc., Best Buy Co. Inc., Barnes & Noble Inc., Starbucks Corporation, Dunkin Brands Group Inc., McDonald's Corporation, Yum Brands Inc., Domino's Pizza Inc.

Food and beverage stores specialize in selling food products, beverages, and related goods. They provide easy access to essential grocery items, allowing consumers to conveniently purchase everyday necessities. These stores offer a diverse selection of products, including organic and gluten-free choices, while creating an enjoyable shopping environment with attractive displays and knowledgeable staff. Moreover, food and beverage stores play a vital role in the economy by creating jobs and supporting local suppliers, thereby contributing to community development.

The primary types of food and beverage stores include specialty food stores and beer, wine, and liquor stores. Specialty food stores are retail outlets that specialize in offering food products that are typically exclusive and limited to certain locations. These food and beverage stores can be operated either by retail chains or independent retailers, and they cater to a range of price categories, including premium, mid-range, and economy.

The food and beverages stores market research report are one of a series of new reports that provides food and beverages stores market statistics, including food and beverages stores industry global market size, regional shares, competitors with a food and beverages stores market share, detailed food and beverages stores market segments, market trends and opportunities, and any further data you may need to thrive in the food and beverages stores industry. This food and beverages stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the food and beverage stores market in 2024. Africa was the second largest region in the food and beverage stores market. The regions covered in the food and beverages stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the food and beverage stores market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The food and beverage stores market include revenues earned by entities by providing services through restaurants, bars, coffee shops, and banquets. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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