Australia Grocery Retail Market Size, Growth, Shares and Forecast 2024-2032

Australia Grocery Retail Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 4.70% (2024-2032)

A combination of factors such as advancing consumer habits, the surge of e-commerce, as well as increasing demand for convenience are responsible for the growth of the Australia grocery retail market. According to the latest report by IMARC Group, the market size reached USD 49.64 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 77.67 Billion by 2032, exhibiting a growth rate (CAGR) of 4.70% during 2024-2032.

Download sample copy of the Report: https://www.imarcgroup.com/australia-grocery-retail-market/requestsample

Australia Grocery Retail Industry Trends and Drivers:

An inclination towards changing consumer behaviors, technological advancements, as well as market dynamics are the factors responsible for the growth of the Australia grocery retail market. Additionally, one of the key trends is the growing preference for online grocery shopping, accelerated by the COVID-19 pandemic. As consumers increasingly seek convenience, grocery chains are investing heavily in their e-commerce platforms and enhancing their online ordering and delivery services. Supermarkets and independent retailers are also expanding their "click and collect" services, where customers can order online and pick up their groceries in-store, offering greater flexibility. Moreover, the rise of mobile apps and subscription-based services is transforming the shopping experience, allowing consumers to order groceries more seamlessly and tailor their purchases to individual preferences.

The growing focus on health, sustainability, and ethical sourcing is augmenting the Australia grocery retail market. In addition to this, consumers are becoming more conscious of the nutritional content of their food and are demanding healthier options, such as organic, gluten-free, and plant-based products. This shift is prompting grocery retailers to expand their product offerings, including plant-based meats, organic produce, and specialty diet items. Furthermore, sustainability concerns are driving the need for eco-friendly packaging and locally sourced products. As more Australians prioritize reducing their environmental impact, retailers are responding with initiatives like reducing plastic waste and offering more sustainable packaging options. Apart from this, the competitive nature, with major players like Woolworths, Coles, and Aldi vying for market share, has led to more innovative offerings and better pricing strategies, which is anticipated to drive the Australia grocery retail market in the coming years.

IMARCs report provides a deep dive into the Australia grocery retail market analysis, outlining the current trends, underlying market demand, and growth trajectories.

Australia Grocery Retail Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Food and Beverages              
• Fresh Food     
• Packaged Food          
• Beverages      
• Non-Food Items                     
• Household Cleaning Products
• Personal Care Products          
• Pet Care Products

Distribution Channel Insights:

• Hypermarkets and Supermarkets
• Convenience Stores
• Discount Stores
• Online
• Others

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

Street: Morgan Park QLD 4370

City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: sales@imarcgroup.com

Phone Number: +1-631-791-1145