3 Grocery Stocks Showing Extreme Promise

The growth prospects of the grocery stores industry are anticipated to be bolstered by the rising demand for premium quality groceries as disposable incomes rise. Given the inelastic demand the industry enjoys and improved supply chain, investors could consider investing in quality grocery stocks Natural Grocers by Vitamin Cottage, Inc. (NGVC – Get Rating), Village Super Market, Inc. (VLGEA – Get Rating), and Marks and Spencer Group plc (MAKSY – Get Rating).

Various consumer-oriented features of grocery retail stores, such as fair price, quality, variety of products, and convenience, help them stay competitive in the defensive industry. The global grocery retail market is projected to reach $14.77 trillion by 2030, growing at a CAGR of 6.9%.

According to a market report, global retail sales in 2024 are expected to reach $31.10 trillion, marking a 4.9% increase year-over-year. This is also the first-time retail sales are anticipated to cross the $30 trillion mark. Also, these figures show that the growth of online shopping is set to outpace overall retail sales by nearly two times.

The online grocery market is projected to expand as consumers prefer digital shopping channels. Automation, robotics, and IoT are expected to revolutionize supply chain management, enhancing efficiency and reducing costs.

The online grocery market is expected to be worth $377.4 billion in 2023. Further, the market is projected to reach $3.4 trillion by 2033, growing at a CAGR of 24.6%.

With these favorable trends in mind, let’s delve into the fundamentals of the three best Grocery/Big Box Retailers stocks, beginning with…

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