The number of grocery retailers across India in 2022 amounted to about 13 million. This included traditional and modern retailers within the segment. While there was a consistent growth in numbers since 2013, grocery retailers were largely made of traditional stores.
Retail market trends
Reliance Industries Limited and Future Retail Limited are some of the leading players in the Indian retail market. The size of the retail market grew by almost 30 percent in 2021 compared to 2019. By 2024, the market size in India was expected to soar and reach about 1.3 trillion U.S. dollars. With the advancement in digitalization and internet penetration, the market size of the online retail industry in India was predicted to value nearly 70 billion U.S. dollars.
Grocery shopping landscape
Consumers in India purchased groceries from brick-and-mortar stores and online websites or apps. Physical grocery retail stores were the most popular options among grocery shoppers in India in 2022. Online grocery apps were also trending among Indian consumers. Big Bazaar was preferred by more than 60 percent of Indian consumers to buy groceries. D-Mart, Reliance Fresh, and Vishal Mega Mart were some of the popular store brands to purchase groceries among consumers. Almost 28 percent of Indian consumers also used online groceries apps like JioMart, and BigBasket to buy groceries in India.
Number of retail grocery outlets across India from 2013 to 2022
(in millions)
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GAIN. (June 30, 2023). Number of retail grocery outlets across India from 2013 to 2022 (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/
GAIN. "Number of retail grocery outlets across India from 2013 to 2022 (in millions)." Chart. June 30, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/
GAIN. (2023). Number of retail grocery outlets across India from 2013 to 2022 (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/
GAIN. "Number of Retail Grocery Outlets across India from 2013 to 2022 (in Millions)." Statista, Statista Inc., 30 Jun 2023, https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/
GAIN, Number of retail grocery outlets across India from 2013 to 2022 (in millions) Statista, https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/ (last visited November 21, 2024)
Number of retail grocery outlets across India from 2013 to 2022 (in millions) [Graph], GAIN, June 30, 2023. [Online]. Available: https://www.statista.com/statistics/1048779/india-number-of-grocery-retail-stores/