The grocery retail industry is expected to remain resilient due to inelastic demand and a growing inclination towards the e-commerce platforms. Therefore, I think fundamentally sound grocery stocks DFI Retail Group Holdings Limited (DFIHY), Casey's General Stores, Inc. (CASY), and Village Super Market, Inc. (VLGEA) could be smart investments.
The global grocery retail market is projected to reach $14.77 trillion by 2030, growing at a CAGR of 6.9%. 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.
