IFPA monitors the retail landscape across markets, bringing you the information you need to take advantage of new opportunities for your business. Here, we provide a close look at the relative performance of retailers in key established and growing international markets: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, UK and USA. Performance metrics include revenue, growth, and the number of outlets for top retailers in each country.
International retail markets are returning to pre-pandemic levels, though retailer marketshare has shifted dramatically within these markets. Companies that readily adapted to meet the needs of consumers during the pandemic have shown significant growth over the last two years, edging out more traditional retailers.
Among the country implications are:
- Brazilian consumers are more likely to try new products and services compared to other global consumers.
- Indians are more likely to be vegetarian or vegan, compared to the global average.
- From 2017-2022, the grocery retail market in Mexico has slowly increased, as a result of grocery stores expanding.
- Eating healthy and nutritious foods is still a consumer focus in Germany as a result of the pandemic.
- Actively monitoring consumption in order to manage weight is important to Americans.
- A quarter of Chinese consumers report that they don't have time to cook.
- Japanese consumers report reheating or preparing a ready meal more frequently than other countries.
- French consumers report that finding food and drinks with health benefits to be of high importance.
- Respondents in the UK cook or bake at home rather than dine out at least weekly more frequently than other countries.
- Three quarters of Italian consumers report they prefer home cooked food.
- More baby boomers in Canada said they live alone and don’t want to cook for themselves compared to other generations.
- In Australia, consumers report that one of the biggest barriers to preparing and cooking food at home is lack of time.