Google's Paul Tepfenhart, Head of Global Grocery spoke about how retailers need to reflect on where the actual grocery journey starts. Also included in the report: Banner equity tracking across various channels, as well as in-depth analysis of changing shopping patterns, attitudes, and behaviors in more than 50+ markets across the globe. A RETHINK Retail exclusive report on the major changes facing grocery stores both domestically and abroad. So much has changed in the world of grocery retail. By 2022, the meal kit market will be worth $11.6 billion and, no suspicion millennials' growing preference for cooked meals is a crucial driver pushing the meal kit demand forward. The British Independent Retailers Association (Bira) CEO Andrew Goodacre said: "The latest retail sales figures, showing a sharp 1.6% decline in August, confirm what retailers have . Customers are looking for cleanliness and safe, fresh food, says Gayle De Caro, specialty cheese category manager, deli and deli merchandiser for Gelson's Markets, a 27-store chain headquartered in Encino, CA. Navigating the market headwinds The State of Grocery Retail 2022: Europe. 1. . As retailers began to look past COVID, there was a sense that technology, innovation and new business models would allow the industry to capitalise on . Australian Retail Outlook 2022. 10 predictions for the grocery industry in 2022. . Millennials took the lead at 26% for online grocery as a portion of all grocery spending by age. With a proliferation of new platforms springing up to take advantage of this trend, resale will no doubt show huge growth in 2022 in fashion, but also other areas such as homewares or electronics . A preview of opportunities in retail industry. More than half of consumers in the United States are eating more plant-based foods, and its popularity is expected to grow in 2022. DUBLIN, April 12, 2022--The "Food & Grocery Retail Market Size, Share & Trends Analysis Report by Product (Food Cupboard, Beverages), by Distribution Channel (Supermarkets & Hypermarkets, Online . Deep retail. These upcoming food retail trends show that just like consumer buying behavior, trends are influenced by a lot of factors and continue to evolve over time. 4. Free Shipping and Speedy Delivery are Expectations for Many Consumers. During the months of March and April 2020, weekly online grocery as a portion of all grocery spending was 28%, the report said. Even with economic challenges during the pandemic, premium food in categories like alcohol, specialty coffee, meal kits, frozen meals and spices have gained popularity among shoppers, IRI found in . To encourage consumers to return to onsite shopping, retailers in 2022 will continue taking steps to help customers feel and stay safe. These upcoming food retail trends show that just like consumer buying behavior, trends are influenced by a lot of factors and continue to evolve over time. Accelerated and expanded online: eCommerce transactions as a share of total retail sales were already reaching up to 10% in Australia pre-COVID, but adoption has increased to 15% as of 2021. New business methods and technology to go with them are no longer a luxury but a necessity. And with the knowledge that trends come and go, retailers who are willing to adapt, adjust and be flexible with the food-retail trends for 2022 will surely flourish in the coming year. However, not every retail trend we have today is here . [3] Below are more of the trends . Food trends 2022 at a glance. 1. Focus shifted on cashless buying and convenience and use of customer analytics for customer retention and acquisition. INFOGRAPHIC: Catalina Data Reveals Grocery Retail Industry Trends for 2022 (and Beyond) Catalina Provides Update on Decade's Hottest CPG Categories 2.5 Years into Pandemic In early 2020, Catalina released a study projecting that CBD products, plant-based products, and premium pet food would rank among the decade's hottest-selling CPG . According to the KPMG Consumer Pulse Survey, while industry estimates anticipate grocery sales to grow approximately 2.7% in the year ahead, consumers are more optimistic about their spending levels.While challenges like COVID-19 and labor shortages have turned business into an uphill battle, the industry has responded with expanded delivery and online services, contactless checkout, and new . Unfortunately, it looks as though the pandemic will continue to shape trends in 2022 as well. During and Post Pandemic, lot of Independent Grocers realised the importance of Technology and having an Online Presence. According to a report by McKinsey: "While online sales accounted for anywhere from 3 to 4 percent of the US grocery market in 2019, the share could be greater than 10 percent by 2025 as major retailers including well-funded entrants from outside the sector invest . The growth rate of the Global Food & Grocery Retail Market is 3.0%, with an estimated value of $14780 Billion by 2030. But with the online retail boom caused by the pandemic, digital trends are finally catching up with the grocery industry. This new, convenient way of shopping gives customers the ability to stock up on . Designing and building for these retail and grocery trends will boost the appeal. 2021 has been a year of ups and downs in the retail space; from supply chain issues to continued . Move Towards Online Shopping. Store cleanliness and hygiene have become inextricable from customer experience. As more people migrate to suburban areas, demand for more brick-and-mortar retail is following them. Image courtesy of Kroger. In original terms, the proportion of online sales for Non-Food retailing to total retailing fell to 16.2 per cent, down from 16.3 per cent, while the proportion for Food retailing rose to 5.8 per . 18 Retail Trends for 2022 and Beyond: 1. Boost in profitability. The global food & grocery retail market size was valued at USD 11,324.4 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030. The Global Food & Grocery Retail Market was estimated to be valued at $11618.8 Billion in 2022. . The central motto of sustainable consumption of tomorrow is zero waste. MINDFUL DINING GOES MAINSTREAM. Regardless of the uncertainty, the pandemic has continued to accelerate trends seen across the retail industry, several of which will continue to have a profound impact in 2022. These principles can help keep overall costs - and maintenance - to a minimum - and prevent a lot of headaches down the road. Food Retail Industry Trends and Predictions What is the growth rate of the Global Food & Grocery Retail Market? 3. In late 2020, there was one food trend looming on the horizon: chicken wings. 2. With automation and online orders, grocery retailers have been able to better provide for their customers, especially as people evaluate health risks . The global food & grocery retail market size is expected to reach USD 14.78 trillion by 2030, registering a CAGR of 3.0%. From January to September 2021, they saw a ~200% increase from previous yearsaccording to Supermarket News. Annual growth of digital grocery consumers will be tempered going forward, at 4.1% in 2022, 2.8% in 2023, and 2.5% in 2024. Minimizing Customizations and Costs. Sustainability. Throughout a year of uncertainty with rapid adjustments made for the coronavirus pandemic, implementation of digital technologies has been vital to grocery operations in 2020. An annual study that provides a comprehensive overview of the grocery retail environment trends. Consumer Sales Have Generally Been Strong, Despite the Pandemic. Guess what, it . And with the knowledge that trends come and go, retailers who are willing to adapt, adjust and be flexible with the food-retail trends for 2022 will surely flourish in the coming year. Shifting consumption expenditure from food service to food retail due to . Next Release 28/09/2022 Retail Trade, Australia, August 2022; Next Release 5/10/2022 Retail Trade, Australia, August 2022; Next Release 31/10/2022 . At the start of 2022, many retailers were [cautiously] optimistic about their ability to move past the challenges they had faced in the previous two years. 1. . 6.3.2 Global Grocery Retail Consumption and Growth Rate of Minimarkets (2017-2022) 7 Global Grocery Retail Sales and Revenue Region Wise (2017-2022) 7.1 Global Grocery Retail Sales and Market Share, Region Wise (2017-2022) . Vietnam's economy grows at the fastest pace in 11 years in Q2 2022. Higher retail prices of organic fresh produce during the second quarter of 2022 generated a 3.7 percent increase in total organic dollars but also contributed to a decline in organic volume of 2.8 . How grocers can continue to thrive in 2022 despite a downturn from the highs of 2020/21. Meal kit: Grocers are enduring in striving to improve existing food offerings by leveraging online order capabilities. Giving back to the local communityanother growing trend in grocer brand promisesis favored 42% by Gen Z and Millennial consumers. trends and stories that will impact your business. Following on from COP26, the main difference we can expect to see in 2022 will be a shift towards the impact of food manufacturing on nature. USDA ramps up SNAP online grocery retail base. Plant-based diets have increased 300% for Americans in the last 15 years, and global retail sales of plant-based food alternatives may reach $162 billion by 2030 up from $29.4 billion . The proportion of retail sales online dropped to 25.7% during the month, compared with 26.3% in July 2022. These are just a few of the currently popular and creative dishes and food designs that have sprung up all over the world in street food joints, food trucks, festivals, ptissier shops and restaurants. With any SAP implementation, you'll want to minimize customizations and leverage the cloud if you can. This report is part of McKinsey's broader global series The State of Grocery Retail, an annual publication covering three continents (including Asia-Pacific, the European Union, and North America). Naan tacos, sushi pizzas, Kimchi pasta carbonara and a Yuzu meringue pie. Sep 22, 2022. 2021 Grocery Trends. Greater visibility into operations. And over the next 12 months, retailers are projecting a further 30 percent growth for the subscription sector. Again, this trend is expected to grow through 2022 and beyond given the safety and convenience of shopping this way. Volume fell by 2.1 percent in 2021 . Although physical stores have resumed operations, online shopping is still a . The growth can be primarily attributed to COVID-19 lockdown-induced higher spending on groceries, increased online-grocery sales volume, and consumer polarization. As of 2021, the U.S. food retail industry employs 2.89 million workers. Only 58% of consumers trust the safety and quality of supermarket food, down from 78% a year ago, according to a survey by Red Tractor According to a recent report, the UK subscription box market is set to be worth 1.8 billion by 2025. Continuing from 2020, the most significant factor that affected the retail trends in 2021 is the global COVID-19 threat. In the subsequent sections, we unpack major trends in grocery retail in the UAE, as well as how retailers can overcome challenges in the space. One trend that's here to stay -- grocers are investing in the technological capabilities needed to provide customers with safe, engaging shopping experiences, whether in store or online. Accenture partnered with GfK to generate key scenarios for the German food retail industry in 2030. One takes a taste success from one . In order to garner customer loyalty, customers want to know you stand behind them, behind your staff, and behind your values. To bring a holistic view of industry dynamics, we complemented our colleagues’ insights and . Retail Trends 2022. How tech innovations such as AI-powered workforce planning can save . The Rise of Plant-Based. The state of shopping at this point of the pandemic certainly feels less and less frantic, with retail meltdowns . US online grocery sales are projected to hit $187.7 billion in 2024. As they grow faster than historically, they are also creating challenges that many are not prepared to address or overcome, resulting in bigger performance gaps than seen in the past. Scents & Sense-abilities. Here's an overview of retail trends to help you succeed in 2022 and beyond. 2 Key Trends 6 Booming home delivery fueled by need for convenience 6 Expanding assortments driven by individualization of needs 8 Experience-focused retail creating a sense of belonging 10 Consumer behavior changes due to the pandemic shock 11 3 Elements of Change: German Grocery Retail 2017-2021 14 This eBook will give you an in-depth understanding of how to leverage grocery . Competition in physical retail will increase as digitally native brands expand into brick-and-mortar. 1. Private label market share is expected to rise to 25% in the next 10 years due to millennials' shopping habits (Frozen & Refrigerated Buyer). Trust in supermarket food down as consumers link cheaper choices with lower quality, survey finds. . Grocery Trends in 2022 and beyond. (+8-15% bigger baskets on average across retail subsectors), with pronounced impacts to grocery. 4. Quick-commerce and aggregator platforms have been analyzed regarding business model, outlook, and their potential as . Brick Meets Click focuses on 10 trends that will be important to grocery retailers and brands in 2022. A millennial's typical shopping cart would have 32% private label items, compared to the average of 25% (Frozen & Refrigerated Buyer). According to the report, the hypermarket giant plans to launch a separate ecommerce website for each country . This . CX = Cleanliness and hygiene. Safe shopping remains a factor. Robots Are Coming. Brands are using AR shopping experiences to boost conversions. Though it's difficult to predict exactly what will happen, a handful of trends have emerged in grocery stores that look like they're here to stay. The most common age for food retail employees is between 16-24, and many of these young employees leave their jobs to pursue other things. 2021 was the year of recommitting to a reduction in plastic waste. To date, much of the sustainability conversation for the food industry has been around packaging. For nearly two years, predictions about the future of retail have seemed dire, and retail headlines for 2022 don't look much better: empty store shelves, over one million retail jobs unfilled 1, and surging inflation.But these headwinds have also yielded some positive resultsretailers have been forced to reexamine their legacy systems and . Technology-enabled capabilities such as self-checkout have expanded. Still a Threat of Ongoing Store Closures. 9.4 Emerging Market Trends 9.5 Grocery Retail Industry Technology Status and Trends 9.6 News of Product Release Fast forward to February 2022 and that number has dipped to 19%. Published Sep 22, 2022. Here are nine trends forecasted to drive customers and their dollars into the deli. October 16, 2021. Retail in 2021 has evolved at a rapid pace, and we can expect to see many more changes in 2022. Explore the retail trends, insights and forecasts for 2022. Online shopping is essential for consumers and table stakes for retailers. Subscription grocery is the next big trend. The retailer revealed its 2022 Food Trends Report on Jan. 18 and affirmed last year's stay-at-home trend is . In this quarter, Vietnam's GDP grew 7.72 percent on year . Our goal is to frame major trends and issues for CEOs seeking to stay ahead of market shifts. Examples can include vegan cheese, meat-free "meats", and alternative milk products. Beyond Retail. However, this work comes with high turnover and low job growth. This year's report, "Navigating the market headwinds - The State of Grocery Retail 2022: Europe," is a continuation of a partnership between McKinsey & Company and EuroCommerce, designed to provide executives with a comprehensive view of the market and future trends. Increased Adoption of Technology. Predictions for 2022 Food Trends In Food Service. 2022-07-19T23:01:00Z. To avoid the virus, many consumers ordered food online for the first time. With the fast food chicken sandwich craze in full swing, we predicted that 2021 would be the year of the chicken wing instead of just the chicken breast, since wings are highly portable, easy to cook in a small space, and easy to sell in scalable quantities. The Future of Retail: 5 Smart Retail Trends for 2022. The "Global & Regional Food & Grocery Retailing, 2017-2022", report provides analysis of current and forecast market data for food and grocery retail sales globally. Selling online is non-negotiable no matter what you sell. Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) -- The "The Wholesale and Retail of Food in Zambia 2022" report has been added to ResearchAndMarkets.com's offering. Where the Grocery Industry is Heading in 2022. Emily Newton of Revolutionized examines the emerging . Zero waste - a trend is taking off in the pandemic. Likewise, meat alternatives saw an 11% jump. When it comes to food trends, Cincinnati-based Kroger Co. predicts 2022 will be dominated by at-home meals, convenience, affordability, social gatherings and the desire for sustainable and nutrient-rich food. Grocery Shopper Trends includes a cultural lens with interviews of Americans in their homes and while shopping, offering an ethnographic view into U.S. food consumption. That said, it is not likely to be all beer and skittles! 2. Australian Retail in 2022 | Key sector trends . U.S. Food trend 3 #Ethnic blending. Back in August 2020, McKinsey research found that the importance of these . Only 38% of consumers polled thought their grocer was giving back to the community. Online shopping has surged, driven by new patterns in consumer behavior. Grocery Shopper Trends 2022 series explores food shoppers' journeys and behaviors. We'll release six analyses throughout the year, each with a unique theme . In fact, many of the newest grocery store . Sales volume at non-store retailing, which consists most of online retailers, fell by 2.6% in August 2022. Retail trends to watch this year include omnichannel, digital-first CX, direct-to-consumer, and hyper . We evaluated current consumer trends and market developments and examined the ingredients of successful e-grocery offerings. Here's our complete list of food trend predictions for 2022 and beyond. Grocery industry journalist Sam Silverstein ( @SilversteinSam) reports, "Shoppers expect to spend an average of $611 per month on groceries [in 2022], an increase of about $79, or nearly 15%, over their projected food budgets for 2021, according to a consumer survey conducted by accounting firm KPMG.". Insights. FMI's U.S. Here are the top trends that promise to shape the grocery industry in 2022. Experiential retail continues to grow in importance. Large foreign-owned retail chains . Northfork. Most companies say they can and will adhere to these principles, but few . Today, shoppers make 37% of their monthly retail purchases online, and many retailers are meeting those needs in stride. 1. Thriving as an Independent Grocer in 2022: 5 Key Strategies to Invest in for Success. Digitalization emerges as a more important source of . The channels that Americans shop online remains stable. Quick delivery expands Following the ultrafast delivery boom in New York City and the rollout of faster service from e-commerce platforms like DoorDash and Instacart in 2021, this year will see widespread adoption of faster operations among top retailers, especially as . Seven Grocery Trends To Watch Out For In 2022. One reason is the COVID-19 pandemic. The majority of the online grocery buyer population are millennials, who reportedly place high value on same-day delivery more than other generations and are far more receptive to emerging in-home delivery options and new . Consumers who shop at entry-price levels are less willing to make trade-offs on the quality . #1. January 31, 2022 12:58 PM. Labor and . 2. Online grocery sales is the fastest growing segment of the grocery business. The 8 biggest trends for the retail industry. Food and beverage is now the fastest-growing category in online retail. Ten key trends shaping the grocery industry in 2022 and beyond Sales volumes are likely to decline in 2022 as the impact of COVID-19 wanes. Pick-up: Pick-up is essential for the trendy . In the US, this led to a 110% increase in daily online grocery sales in April 2020 alone. Ho Chi Minh City MarketBeat Q2 2022. So, while the number of vegans isn't increasing, the demand for plant-based food is. 2022 promises to be a more predictable year for retail, with lockdowns a thing of the past (we hope), where borders are open, populations are mobile and face-to-face retailing is celebrated. The Carrefour 2022 strategy lays out the ambitions of the French hypermarket giant. The report provides insights into supply, demand, and pricing trends at the market and submarket levels, including the office, retail, industrial and residential sectors. + Follow. Retailers have faced a number of challenges over the past year. What economic challenges are facing customers and what it means for grocers. Retail trends 2022: A CX and revenue playbook. McKinsey reported that 20- 30% of grocery store businesses turned to e-commerce at the height of the pandemic in 2020. Next year, U.S. shoppers anticipate spending 14% more on average per month for their groceries, according to the KPMG Consumer Pulse Survey 2022 Grocery Forecast. Improved customer experience. Cradle-to-Cradle philosophy and the evolving vision of the sharing economy are the driving forces behind the idea of not just recycling or recycling rubbish or apparent rubbish recycle, but . Based on a poll of more than . Breathe Easy: The Gut-Lung Axis. What else does this report offer? According to NielsenIQ, the demand for plant-based products increased 12% between 2020 and 2021. Food Trend Predictions for 2022 - Diet, Menu, Ingredients, & Health. 2good 2gether: Food Synergies.
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