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The global food grocery retail market is expected to grow at a 5% CAGR in the coming seven years. Rising income levels, affordability, and growing urbanization are the key factors that will help the industry grow.
So we think that Investors looking to cash in on the industry’s solid growth prospects could bet on under-the-radar grocery stocks PriceSmart Inc. (PSMT) and Weis Markets Inc (WMK). These concerns are well-positioned to gain significantly in the coming months.
