Be it picking food items out of shelves at a shopping mall or buying the same from online platforms, the food retailers in Europe and main countries worldwide are seeing a growth due to consumer preference for high-end lifestyle. Given busy schedules that everyone is tied on to these days, ease of access to edibles and other services is what people expect. The total European food retailers accounted for about € 3.0 trillion turnover in the year of 2012 encompassing 240,000 outlets.
Significant European Food Retailers
Germany, Poland, France, and the United Kingdom are among the countries having high turnover in this industry, with positive leads in Asia-Pacific regions and rest of the world as well. Some of the biggest retail chains are Rewe Group (Germany) with banners Rewe and discounter Penny, Schwarz Group (Germany), German Metro; French Carrefour, Tesco (UK), and others. There has been entry of new market players, while industry giants do exist past more than a decade.
Global Food Retailing Scenario
E-food channels are significantly increasing past many years, and may show humongous prospects till 2020. The distribution channels span supermarkets, hypermarkets, convenience stores, specialist and independent retailers among the business services. The global food retailing market is expected to deal out increase at 6.1% CAGR from the period of 2014 to 2020, with inputs from Europe, Asia-Pacific, North America, and other parts of the world, including African regions.
Competitors on the Watch
Some of the major new retailers in food that left a mark in the industry are Lidl in France and Germany, Jumbo in the Netherlands, and Morrisons in UK, as per a market research. Competition is high related to price, adequate service, smart logistics, presence of chain outlets online, newer technologies used for accounting, end-user oriented care, hygiene, and a lot more. Tesco from UK approximates at 5% of the total turnover over the internet in the relevant nation.