2. MARKET SIZE - The food and grocery (F&G) market is the biggest retail
segment in India. It touches up to Rs 17,12,000 crore currently and will
expand to touch Rs 27,41,961 in 2015.
GROWTH - The total food and grocery retail market has been growing at
a CAGR of 14 percent and is estimated to grow at 17 per cent per
annum by 2015.
The food and grocery segment is the highest contributor to the retail
sector (60%) with minimum penetration of organized Retailing.
Hypermarkets and supermarkets are the best suited retail structure for
this segment.
4. The food and grocery segment is the highest contributor to the retail
sector with maximum contribution coming from traditional retailing.
5. Indian household spending on food is one of the highest
in the world with 48% of income spent on food and
grocery.
With growing urbanization and consumerism and
acceptance to modern retail this sector exhibit huge
untapped potential.
Which gives a wider scope for the upcoming Retailers to
tap the untapped segment.
6.
7. Reliance Fresh, a chain of convenience stores, is a part of Reliance
Retail (RRL). The company has over 1,000 Reliance Fresh outlets
across India. These sell fresh fruits and vegetables, staples,
groceries and dairy products. A typical Reliance Fresh store is
about 3,000-4,000 Sq.ft. in size. Apart from Reliance Fresh, RRL
sells food through two other formats: Reliance Super, a mini-mart
concept, and Reliance Mart, an all-under-one roof supermarket
concept. These formats provide a wide range and assortment of
products required for daily household needs of consumers and are
quite popular.
