Food Retail Market Analysis, Development, Growth and Demand Forecast to 2020 by P&S Market Research

In reference to growing fashion of hypermarkets and supermarkets, the retailers have started using big data to understand the needs of consumers by providing answers to their questions. Hypermarket and supermarket retailers assist consumers in deciding the item to buy by telling them about the quality and benefits of the items with the help of trained personnel at the stores. At these foods retail markets, food products and items are available in large quantities and at cheaper prices.

Additionally, large food market retailers can afford to offer huge discounts to sell off their stocked items at reasonable prices and are therefore driving the growth of food retail market.

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Based on distribution channel, global food retail market can be divided into convenience food stores, hypermarkets and supermarkets, specialists and independent retailers, and others.

Global food retail market is tremendously contributing in the growth of several other industries such as food packaging and food processing industries. These industries are responsible for creating jobs and generating employment at a large scale. Large food retailers usually offer their own brands along with well established brands. Governments of different countries have taken various measures to ensure food safety and hygiene of food products; these are some reasons fueling the growth of food retail market.

Some of the major factors that are driving the growth of global food retail market include growing consumer preference for private label brands, growing supermarket shopping culture and increasing consumers spending on food products.

The demand for high quality food packaging and food retailing services, easy to use products, freshness and food safety assurance are some of the trends that can be seen in the global food retail market.

Rapidly increasing middle-class population in the emerging markets and expanding online grocery retail shopping are the factors laying opportunities for the growth of global food retail market.

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Lack of proper upstream and downstream supply chain distribution system in emerging countries, high inflation, lack of widespread retail markets, quality control and unauthorized food retailers; are the factors creating hindrances to the growth of global food retail market.

Geographically, Asia Pacific dominated the global food retail market in 2014; it is then followed by Europe. Growth of food retail market in Asia Pacific region is attributed to growing consumer awareness, nuclear families, increasing per capita income and increasing western culture. China and India are the most populous countries of Asia Pacific region, small and local retailers are dominating the food retail market in these countries. Europe is the second largest food retail market. It has large number of branded retail stores and shops such as Tesco, Carrefour, Aldi and Auchan.

Some of the major competitors for the global food retail market include Costco Wholesale Corporation, Wal-Mart Stores Inc., AEON CO., LTD., The Kroger Company, Carrefour SA, Seven & i Holdings Co., Ltd., Groupe Auchan, Metro AG.

Emerging Opportunities in Retail Analytics Market with Current Trends Analysis

Over the recent years, big data analytics market has seen tremendous growth in various industries. It has helped businesses uncover several potential prospect by understanding customer’s preferences and market trends. Retail analytics market is a sub-set of big data analytics market. Retail analytics aids in information gathering and assessment of data across the entire value chain. Primarily focusing on the retail sector, retail analytics solution offer retailers in understanding and responding to changing customer experience. In addition, retail analytics improves businesses by provides new and faster ways to identify product and channel preferences, understand inventory demands in real time and serve consumers in a better way, thus ensuring the operation is more flexible and efficient. Customer’s information can be gathered in real-time through various mediums such as smartphones, weight sensors, motion sensors, cameras, and RFID, whether it may be online or in-store.

Retail Analytics Market: Segmentation
Retail analytics market is segmented on the basis of deployment model, solution type and region. By deployment model, retail analytics market can be segmented into on-premise and cloud-based. On the basis of solution type, the retail analytics can be segmented into software and services. Services can be further sub-segmented into consulting, integration and support and maintenance. Regionally, retail analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

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Retail Analytics Market: Regional Outlook
Retail analytics market is expected to witness a healthy CAGR during the projected period due to increasing popularity of data analytics solution and penetration of smartphones and digital platforms among users across emerging markets. North America is the dominating region in retail analytics market and is expected to remain dominant followed by Western Europe during the forecast period. APEJ is expected to reflect highest CAGR during the forecast period.

Retail Analytics Market: Drivers
With big data analytics gaining popular among other sectors and continuous development of data analytics by major vendors are expected to drive the growth of retail analytics market. In addition, the simplicity, cost-effective, scalability and flexibility solution that retail analytics vendor offer is expected to boost the growth of the retail analytics market. In addition, the increasing penetration of e-commerce and social media and smartphones among users in emerging markets is anticipated to boost the growth of retail analytics market. However, the lack of awareness in certain regions is expected to hinder the growth of retail analytics market amidst the forecast period 2015-2025.

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Retail Analytics Market: Key Players
The key vendors in the retail analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, SAS Institute Inc., HCL Technologies Ltd., Cisco Systems Inc., Micro Strategy, Inc. and Tableau Software, Inc. Major players in the retail analytics market follow the strategy of partnerships and acquisition of various local player to gain a competitive edgein the market. In addition, the major players offer customized solutions to cater to the demand of various users.

Retail Automation Market Size, Analysis, and Forecast Report: 2014-2020

Retail is a growing & continuously developing industry. Customer needs are highly volatile so major concern for retail is to provide value added services to the customers at the same time minimizing operational cost so as to gain cost advantage, this can be achieved by providing automated machine solutions. Retail Automated solutions provide comfortable, flexible and user friendly solutions to customers as well as retailers.

Regionally, North America is the market leader in retail automation and holds largest part of market share, it is because of increasing income & purchasing power of customers and strong economic condition of the region. Out of the total retail market food and non-food vertical of retail automation market shows largest growth in North America due to increasing rely on retail automated product, where as in coming years Europe region is expected to grow at very fast rate in retail automation market, it is because of increasing retail chains and their product lines in Europe. Retail automation benefited the overall retail market by improvement in service quality, productivity and output and reduction in cost. On the other hand it creates disadvantage for labours because of loss of job. Also Automation in any industry requires high capital investment which is another disadvantage.

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Economic crises in America and Europe affected the market, both customers as well as investors were uncertain about the future of the market. Increased unemployment level & reduction in the disposable income of people affected retail market very badly. But now situation is different, economic conditions are improved and there is financial stability in market which results into decrease in unemployment level and increase in disposable income of people. In case of Europe, demand differs from country to country. In countries like Italy, Portugal, Greece and Spain, where still economic conditions are unstable, have lesser demand for products on the other hand in the countries like Turkey, Poland, Russia demand is increasing because of improvement in financial condition and increasing numbers of hypermarkets, shopping centres and supermarkets. Worldwide growth of retail industry, growing necessities of customers, business process optimization, reduced cost to retailers and increasing demand of retail automated products are acting as driving factors for growth of retail automation market where as continuous supervision of Kiosks, high dependence on electricity & internet act as restraint for market. Also some customers finds inconvenience in operating self-service system.

Market segmentation for Retail Automation is done on the basis of geography, type and product. By geography North America is sub-segmented into United States, Canada & others and Europe is sub-segmented into Spain, UK, Germany, France & others. By operator type market is sub segmented into human Operated terminals and unattended terminals. By product market is further sub segmented as currency counter, cash register, bill printer, barcode reader, weight Scale, card reader, self-checkout system and kiosks/vending machine.

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Future of retail automation market is very attractive because of high growth of global retail market & favourable customer response and their growing demands. Various big retail companies like Metro, Tesco, Walmart and Kroger playing significant role in growth of this market. This market growth encouraging retail giants to invest heavily on automation products & services which results into cost advantage & output efficiency. Some of the top players in retail automation solutions are, Honeywell, Seiko Epson, First Data Corporation, Fujitsu, Motorola, Wincor Nixdorf, Siemens, NCR Corporation, Casio, Toshiba etc.

Current and Projected Data-Driven Retail Solution Market size in terms of volume and value 2015-2025 by FMI Estimate

Global Data-Driven Retail Solution Market: Overview
Data-driven retail solution helps retailers to identify and understand consumer by collecting customer’s information such as profile attributes, mode of transaction and behavior etc., from customer relationship management, point-of-sale, e-commerce, navigation logs and social media such as Facebook, Twitter and Pinterest etc. It automates the industry insights about loyal customer, purchases behaviors, audience behaviors, customer segments, and customer journey by analyzing the collected customer information. Data-driven retail solutions enable retailers to integrate their marketing strategies or program with the data-driven solution in order to personalize the purchase experience, engage with each customer specifically, and simplify the purchase process. Data-driven solution’s multi-funnel tracking feature provides easy and actionable sales analytics dashboards which enable retailers to improve the efficiency and coordination of multi-funnel strategy and multi-channel respectively.

Global Data-Driven Retail Solution Market: Segmentation
Global Data-Driven Retail Solution market is classified into solution, deployment model, service, and region.The global data-driven retail solution market can be segmented on the basis of solution which includes retail customer intelligence, media intelligence, customer relationship management, collaboration tools and other solutions. Deployment model includes on-premise and cloud-based. On the basis of service the market can be segmented into consulting, implementation service and integration. Region wise, global data-driven retail solution market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). At present, North America is dominating the market followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the data-driven retail market during the forecast period.

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Global Data-Driven Retail Solution Market: Drivers
The global data-driven retail solution market is majorly driven by the increased awareness among retailers regarding the benefits of implementation of cloud-based customer & market intelligence solutions and services for business operations. Cloud-based solutions and services enable retailer to manage and control the cost associated with the IT infrastructure. In addition, increasing popularity of software as a service (Saas), cloud computing and big-data analytics in order to improve business operations, sped up information retrieval, and facilitate work are projected to increase the demand for data-driven solution in retail sector across globe.

Global Data-Driven Retail Solution Market: Restraints
While studying the data-driven retail solution market we came across some of the restraints that are limiting the digitization of retail sector worldwide. Some of them are lack of awareness across the sector especially in emerging markets such as India, China, Brazil and Argentina, regarding adoption of digital retail solutions and services for enhancing business operations and high initial cost associated with the implementation of these solutions and services are hindering the growth of data-driven retail solution market.

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Global Data-Driven Retail Solution Market: Competitive Landscape
Key players in the global data-driven retail solution market focus on strategic alliances with industry experts in order to improve their offerings and strengthen position in digital customer identity management field. For example, Silentale signed a partnership agreement with Gigya Inc. in order to enhance its social media capabilities by integrating the digital platforms of Silentale and Gigya.

Global Data-Driven Retail Solution Market: Key Players
Some of the major players identified in the global data-driven retail solution market are Tata Consultancy Services Limited, Oracle Corporation, Microsoft Corporation, Neustar Inc., Infogroup, and Silentale etc.