Australia Food & Grocery Market to Post 4.9% CAGR to 2021, States GlobalData in Report Available at MarketPublishers.com04 Jul 2017 • by Natalie Aster
LONDON – The Australian food and grocery marketplace is projected to register a CAGR of 4.9% by 2021 to surpass the USD 118 billion mark as the population keeps on growing and retailers expand their presence in the country and go online creating greater access for the population. Around half (54.6%) of the market is under control of just 2 domestic retailers, Woolworths and Coles, whilst the remainder is more fragmented. German discount supermarket chain Aldi ranks number 4 in the market (after BWS) capturing a share of 5.4%, but is penetrating the market at a fast pace. It is anticipated to be joined by Germany-based Lidl’s supermarket giant Kaufland in 2017 and Amazon is bringing in its novel online grocery concept, AmazonFresh, both of which are anticipated to boost competition.
In-demand market research report “Food & Grocery Retailing in Australia, Market Shares, Summary & Forecasts to 2021” drawn up by GlobalData offers an in-depth, granular analysis of the market on a national level.
The study provides an all-round examination of the most recent trends in consumer shopping patterns, limelighting the factors boosting shopping, shopper insights, and market dynamics.
The research publication also provides details about the leading retailers in the food and grocery market space along with their product offerings analysis and market positioning during 2016 as well as latest key developments. The study sheds light on the consumer trends, changing demographic and economic factors, technological innovations, alongside other macroeconomic factors. An analysis of the retail sales and the most rapidly growing product categories in the food and grocery industry is included, too. The research provides in-depth qualitative and quantitative insights of the ever-changing retail dynamics in the food and grocery marketplace.
More in-demand research reports created by GlobalData can be found at its page.