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Global Grocery Markets Set to Grow between Now and 2020

Global Grocery Markets Set to Grow between Now and 2020

Food and consumer goods research firm IGD forecasts that “the vast majority of global grocery growth will come from Asia, Africa and Middle East supported by increasing affluence, urbanization and rising populations,” according to GlobalMeat News.

 

RankCountry2020 $Bn2015 $Bn% Change in Value 2015 – 2020
1

China

1,491

1,119

33

2

U.S.A.

1,305

1,078

21

3

India

901

503

79

4

Russia

557

380

47

5

Brazil

547

389

41

6

Japan

485

457

6

7

U.K.

352

310

14

Top 7 Global Grocery Markets

 

Online grocery “will enjoy explosive growth in China”, and “the grocery sector in India will grow by 79% in the next five years”. It will be boom time for western grocery products in Asia, Africa and the Middle East for such companies in the west that have good export marketing skills.

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