Australia Grocery Retail Market Overview
Base Year: 2023
Market Size in 2023: USD 49.64 Billion
Market Size in 2032: USD 77.67 Billion
Market Growth Rate: 4.70% (2024-2032)
A combination of factors such as advancing consumer habits, the surge of e-commerce, as well as increasing demand for convenience are responsible for the growth of the Australia grocery retail market. According to the latest report by IMARC Group, the market size reached USD 49.64 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 77.67 Billion by 2032, exhibiting a growth rate (CAGR) of 4.70% during 2024-2032.
Download sample copy of the Report: https://www.imarcgroup.com/australia-grocery-retail-market/requestsample
Australia Grocery Retail Industry Trends and Drivers:
A combination of factors such as advancing consumer habits, the surge of e-commerce, as well as increasing demand for convenience are responsible for the growth of the Australia grocery retail market. Additionally, the market is propelling as there has been a notable shift toward online grocery shopping, particularly following the COVID-19 pandemic. Major retailers are investing heavily in their digital platforms, offering same-day delivery, click-and-collect services, and personalized shopping experiences to meet the needs of tech-savvy consumers.
Moreover, the expansion of discount grocery chains and private-label offerings has intensified competition, pushing retailers to enhance product variety, quality, and affordability to attract price-sensitive shoppers. Sustainability and health consciousness are key trends influencing the Australia grocery retail market. In addition to this, consumers are increasingly prioritizing products that align with their values, opting for organic, locally sourced, and eco-friendly options. This shift has prompted retailers to expand their range of organic and plant-based products, reduce plastic packaging, and promote ethical sourcing.
Moreover, the growing focus on health & wellness has led to increased demand for fresh produce, whole foods, and clean-label products. Retailers are responding by offering more health-oriented choices and providing transparency in product ingredients and sourcing. The combination of evolving consumer preferences and advancements in technology is reshaping the grocery retail landscape, with retailers adopting innovative strategies to enhance customer loyalty and adapt to the fast-paced market. A blend of digital transformation, sustainability, and health-focused offerings is anticipated to drive the Australia grocery retail market in the coming years.
Australia Grocery Retail Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Australia grocery retail market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
The report has segmented the market into the following categories:
Product Insights:
Food and Beverages
Fresh Food
Packaged Food
Beverages
Non-Food Items
Household Cleaning Products
Personal Care Products
Pet Care Products
Distribution Channel Insights:
Hypermarkets and Supermarkets
Convenience Stores
Discount Stores
Online
Others
Regional Insights:
Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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City/Town: Warwick
State/Province/Region: Queensland
Country: Australia
Zip/Postal Code: 4370
Email: sales@imarcgroup.com
Phone Number: +1-631-791-1145
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