The
Food and Grocery market finds itself at the epicenter of the revolutionary
developments taking place in the retail sector. It is estimated to reach US$
668B by 2025, with a CAGR of 7%. From changing lifestyles and technological
advancements to new distribution models, the Food and Grocery sector has seen
many developments that act as the prime growth drivers of its economy.
The
food and grocery industry consists of three major segments: food processing,
food retail, & food services, which together constitute the whole
ecosystem. These three segments act as the backbone of the industry, signifying
both challenges and outcomes. The future of the F&G sector is set to be
determined by technological advancements, sustainability, and consumer
preferences along with companies embracing these upcoming trends.
Explore
a multitude of insights and analyses from the recent developments changing the
food and grocery sector. Inculcate new learnings from the industry trends and
know more about the future it entails.