Netherlands: Retail Foods
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The turnover of the Dutch retail sector was valued at $48.7 billion in 2022. The sector is relatively consolidated, with the two largest food retailers controlling almost 60 percent of the market. Retail prices of some basic shopping items increased by 15 percent, resulting in consumers visiting multiple supermarkets and increasingly choosing private label products. At the same time the demand for sustainably produced products, products that are healthy and nutritious, convenience products, and plant-based foods remains strong. Online shopping is expected to increase in popularity, with consumers continuing to utilize home delivery services for their groceries. The market share of speed delivery services is expected to continue to grow as well. Finally, retailers will continue to invest in innovative foodservice concepts in order to attract customers to their physical stores.