Increasing modernization has made citizenry more aware related to health and the broadly required only assured and good quality food. The retail market of Belgium solved this problem in a more significant manner of residents by serving them good and assured quality of food even on an online platform. Moreover, the significant rise in disposable income and recent landscape signify the noteworthy growth in the Belgium retail market of food and grocery in the forecasted period. Whereas, the report suggests the retail sales and the highest growing sector categories in food & grocery segment with the qualitative and quantitative market insights of fluctuating retail dynamic in food and grocery sector. Because of the significant improvement in the e-commerce sector the sales of food and grocery is growing more increasingly as online sales still in nascent stage in food & grocery category. The hectic schedule of the recent citizenry is also a growth operator of this market as the e-commerce platform is facilitating the good quality food and grocery which are assured and rated by the consumer.
According to the report analysis, ‘Food & Grocery Retailing in Belgium, Market Shares, Summary and Forecasts to 2022’ states that some of the key companies which are currently functioning in this sector in a more active manner for attaining highest amount of share in this sector which includes Colruyt, Carrefour SA, Aldi Group, Delhaize(Belgium), Lidl, SPAR International BV, Okay, Intermarche, Collect&Go, Cora. Whereas, the Belgium, retail market is anticipated to increase at a CAGR of 2.2% in the period of 2017-2022 and the Belgian retailer and Colruyt retailer leads the market of food and grocery more significantly. This report also contain the details of major key players in food & grocery category group with their business premises analysis and market position in 2017 along with the existing key upgradations and improvements. The market apprehensions based on changing consumer trends, changing demographic and economic factors, latest technological developments and advancements with the other macroeconomic key factors. Furthermore, the key players are researching the recent and coming trends in the behavior of consumer in food and grocery category for knowing the latest opportunities and for attaining the highest share in the market and even across the globe.
The key players analyze which results and action brings them into the line of market strategies and policies with the essential trends influencing the consumer behavior trends. Moreover, the companies are enlarging the novel opportunities that will empower to arrange the product offering and policies with the significant and improved strategies to accomplish the requirement by analyzing the wide economic and citizenry trends, key consumers and technological advancements influencing the food and grocery retailing in Belgium. The hypermarkets registered an effective share in the food and grocery sector. Whereas, the sector of food and grocery has the highest online sales growth and online sales account a healthy growth in the coming trend. In addition, the international retailers with strong store network are registering the food and grocery sector. Furthermore, with the improvement in lifestyle and for developing the status the people want branded grocery products and good quality food which results the market growth in Belgium over the coming years in the near future more positively.
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Ankur Gupta, Head Marketing & Communications