Liberalization and Inflation to Play a Pivotal Role in the Ever-Increasing Europe Food and Grocery Retail Market

Europe food and grocery retail is estimated to record a modest CAGR of around 4.0% during the forecast period (2020-2026). Greater liberalization and integration is playing a pivotal role in the growth of food and grocery retail market in European countries including Russia and Poland among more. Inflation is also one of the major driving factors increasing total sales in the region. In the pre-COVID-19 scenario, the increased purchasing power of consumers was expected to underpin real growth in most countries as the economies of Italy, France, and Spain seems to recover and have a strengthening outlook. However, after the pandemic, the trends might change in the longer run. 

Browse the full report description Europe Food and Grocery Retail Market Size, Share & Trends Analysis Report by Product (Packaged Foods, Unpackaged Foods, Household Products, Drinks, and Tobacco) by Distribution Channel (Modern Grocery Retailers (Online) and Traditional Grocery Retailers) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/europe-food-and-grocery-retail-market

In the last decade, supermarkets and hypermarkets surpassed the small outlets and small organizations dominating at the beginning of the century. Retailing in Europe has been prioritized for many years as commerce plays a unique role in the European economy. It is a dynamic and labor-intensive sector, generating 14% of the EU's GDP, according to the EU. The companies are expected to focus on convenience stores, for instance maximizing ranges and introducing new locations, and on making e-retailing space lucrative in an increasingly competitive marketplace.

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