Las Colinas, TX -- (SBWIRE) -- 04/16/2012 -- The global food and beverage retail industry has witnessed significant growth over the last five years and is expected to continue its growth momentum, reaching approximately US $5,776 billion in 2017 with a CAGR of 5%over the next five years. Lucintel, a leading global management consulting and market research firm, has analyzed The Global Food and Beverage Retail industry and presents its findings in “Global Food and Beverage Retail Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
As per the study, macroeconomic factors such as burgeoning GDP, increasing consumer spending and changing lifestyle, taste, and preferences are expected to drive the industry over the forecast period. Although inflation, supply chain management, and quality control of products are some of the challenges being faced by the industry, rising demand for high quality food retailing services due to higher income levels is likely to drive the Food and Beverage market.
APAC has emerged as the region depicting the most growth potential during last five years (2006-2011), driven by a growth in population and GDP in developing nations such as India and China. APAC is forecast to witness the highest growth over next five years (2012-2017) due to increasing urbanization, rising disposable income, expansion of stores, supporting economic factors, and availability of easy finance.A combination of factors such as rising population and consumer spending is seen to impact the market dynamics significantly.
This research report from Lucintel is a cost effective tool that portrays the key aspects of the Global Food and Beverage Retail industry on an annual and quarterly basis, providing the reader with the most up to date and current analysis of the market for confident and timely decision making.
The report tracks four regional segments of the Global Food and Beverage Retail industry. This report does not include fast food services. The scope of the study is limited to annual trends for past the five years and forecasts for the next six years.
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