New York, NY -- (SBWIRE) -- 02/25/2016 -- Persistence Market Research has released a new research report regarding the food and beverages industry. The report, titled "Global Market Study on Food Retail: Supermarkets/hypermarkets Segment To Witness Highest Growth by 2020", encapsulates all valid and critical factoids on the global food retail market.

According to the report, the global food retail market is expected to progress at a CAGR of 6.10% between 2014 and 2020. The market was valued at US$5,643.6 bn in 2013. By the end of 2020, the global food retail market is expected to reach US$8,541.9 bn.

The primary growth driver for the global food retail market, the report states, is the growing preference of consumers for supermarkets and hypermarkets. The global food retail market can be segmented into four divisions according to distribution network: independent retailers, convenience stores, supermarkets or hypermarkets, and other networks. Of these, the global food retail market was led by the supermarket/hypermarket segment in 2013, when the segment was valued at US$2,925.8 bn. The report suggests that in the given forecast period, the supermarket/hypermarket segment is expected to display a CAGR of 6.20%.

Other factors that complement the growing supermarket culture are the various promotional and wholesale offers that these market bodies run, the growing amount of disposable income available for the working class, and the rising global population.

The global food retail market also widely benefits from the rapid rate of industrial and commercial growth shown by developing economies. Regionally, the report states that the global food retail market was led by Asia Pacific in 2013, owing to the region's high population density and growing market penetration of major food retail chains. Between 2010 and 2013, the Asia Pacific region displayed a 7.20% CAGR in the global food retail market.

The report also states the relation between the rise of the global food retail market and the rise of supermarkets, and the beneficial effect this has had on the global food and beverages packaging industry. As the global food retail market keeps gaining competition, visual appearance and product integrity play a greater role in earning consumer preference. This creates a major scope of growth for the food packaging market as the global food retail market continues to grow.

Interested in report: Please follow the below the links to meet your requirements; Request for the Report Sample: http://http://http://www.persistencemarketresearch.com/samples/3922

The report also charts the growth of the global food retail market from the perspective of privatization. As a larger number of private labels enter the global food retail market, the report deduces that their impact will be high in both the short and long term. As the European economy continues to recover from recent troubles, the private labels in the region will lose market share, leading to customer retention by food processing organizations.

View TOC (table of content), Figures and Tables of the Report: http://www.persistencemarketresearch.com/toc/3922

The key players in the global food retail market are Wal-Mart Stores, Inc., REWE Group, Group Auchan SA, Metro AG, Costco Wholesale Corporation, The Kroger Co., Seven and I Holdings Co., Ltd., AEON Co., Ltd., Tesco Plc., and Carrefour SA.

For more Info: http://www.persistencemarketresearch.com/contact-us.asp

About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.