The Global Food And Beverage Stores Market Report by The Business Research Company covers food and beverage stores market drivers and restraints, food and beverage stores market size, major players, and the impact of COVID-19 on the food and beverage stores market.

The food and beverage stores’ market consists of sales of food and beverages and related services by entities (organizations, sole traders and partnerships) that retail food and beverages merchandise, from fixed point-of-sale locations. This industry includes grocery stores, specialty food stores, convenience stores and beer, wine and liquor stores. The food and beverage stores market is segmented into specialty food stores and beer, wine & liquor stores.

The food and beverage stores market are expected to benefit from steady economic growth forecasted for many developed and developing countries. The global food and beverage stores market is expected to grow from $1.70 trillion in 2020 to $1.87 trillion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.47 trillion in 2025 at a CAGR of 7%.

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Some food and beverage stores market trends include self-checkout technology. It is being widely used in department stores, specialty stores, and small convenience stores to automate payments. Self-checkout systems are integrated with a mobile software application to collect purchase data and to automatically receive payment. They make use of Near Field Communication (NFC) or quick response code (QR code), which is a machine-readable optical label. This eliminates the need for checkouts, queues, loading and unloading and employees to operate the checkout counter.

Global food and beverage stores market segments include:

1) By Type: Specialty Food Stores, Beer, Wine & Liquor Stores.
2) By Ownership: Retail Chain, Independent Retailer.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Among these regions, Asia Pacific is the largest region in the global food and beverage stores market, accounting for 63% of the market.

Read More On The Food And Beverage Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
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The Food And Beverage Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides food and beverage stores market overviews, analyses and forecasts market size, share, food and beverage stores market players, food and beverage stores market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The food and beverage stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Food And Beverage Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Philip Morris International Inc, PepsiCo, Nestle SA, JBS S.A, Anheuser Busch InBev.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Food And Beverage Stores Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Food And Beverage Stores Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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