Global Food and Beverage Stores Market Report by Commercial Research Company 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, June 21, 2022 /EINPresswire.com/ — According to the “Global Food and Beverage Stores Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the food and beverage store market share is expected to reach $3.65 trillion in 2026 at a CAGR of 12.7%. According to the food and beverage store market analysis, the market is expected to benefit from the steady economic growth predicted for many developed and developing countries.
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The food and beverage stores market includes sales of food and beverages and related services by entities (organizations, independent merchants and partnerships) that retail food and beverages, from point-of-sale fixed. This industry includes grocery stores, specialty food stores, convenience stores, and beer, wine, and liquor stores.
Global Food and Beverage Store Market Trends
According to the Food and Beverage Stores Market Snapshot, self-checkout technology is widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and automatically receive payment. They use Near Field Communication (NFC) or Quick Response Code (QR code), which is a machine-readable optical tag. This eliminates the need for checkouts, queues, loading and unloading and employees to operate the checkout counter. This type of automation reduces operational costs and saves time spent on manual invoicing. Self-checkout systems are widely used by retail stores in the United States and United Kingdom. For example, a survey of self-checkouts in several countries found that 90% of respondents use self-checkouts, with Australia and Italy leading the way. Wal-Mart has installed 10,000 self-checkout systems in its 1,200 stores in the United States.
Segments of the global food and beverage store market
The global food and beverage store market is segmented:
By Type: Specialty Food Stores, Beer, Wine & Liquor Stores
By Ownership: Retail Chain, Independent Retailer
By price range: high-end, mid-range, economy
By Geography: The global food and beverage store market segmentation is bifurcated into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Asia-Pacific accounts for the largest share.
Learn more about the Global Food and Beverage Stores Market report here
The Global Food and Beverage Stores Market Report 2022 is part of a series of new reports by The Business Research Company that provide global Food and Beverage Stores Market overviews, analysis and forecasts. Market size and growth for the Global Food and Beverage Stores Market, Food and Beverages Store Market Share, Food and Beverage Stores Market Segments & Geographies, Players Food & Beverage Stores Market, Food & Beverage Stores Market Top Competitors Revenues, Profiles and Market Shares. The Food and Beverage Stores Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Food and Beverage Stores Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Main market players: Woolworths ltd, Alimentation Couche-Tard Inc., Koninklijke Ahold Delhaize NV, LVMH Moet Hennessy Louis Vuitton SE, George Weston Ltd, Jardine Matheson, Seven & i Holdings Co. Ltd., Marubeni, Greggs plc and Lancaster Colony Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.