date:Jun 06, 2013
Indian grocery market will have overtaken Japan to become the worlds third largest grocery market, valued at US$566bn , while the gap between Russia and Brazil is fast narrowing. By 2016, the Brazilian and Russian grocery markets are projected to be worth US$468bn and US$467bn respectively, with Brazil set to climb to fourth position with a CAGR of 9.1% between 2013 and 2016.
All of the BRIC (Brazil, Russia, India, China) nations will be in the top five grocery markets by 2016, notes IDG, wort