Supermarkets Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 0.98 Trillion |
| Market Size (2029) | USD 1.16 Trillion |
| CAGR (2024 - 2029) | 3.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Supermarkets Market Analysis
The Supermarkets Market size is estimated at USD 0.98 trillion in 2024, and is expected to reach USD 1.16 trillion by 2029, growing at a CAGR of 3.30% during the forecast period (2024-2029).
A supermarket is a self-service store with many different kinds of food, drinks, and household items set up in other sections. A larger supermarket store has a more comprehensive selection than a grocery store. Globally, supermarkets are expanding by incorporating business intelligence into their systems. With a variety of customers in the market and a time-pressed customer, supermarkets are offering door-to-door delivery within a specific range, providing more utility to the customer. With continuously changing consumer expectations, supermarkets keep pace and find a competitive advantage over other stores. According to National Retail Federation, in 2021, Kroger Co. operated 2,874 stores in the United States. Its store formats include supermarkets, hypermarkets, department stores, convenience stores, and mall jewelry stores.
During COVID-19, consumers switched to shopping online. As a result, retailers tried to meet consumer demand by changing their business model and improving the digital experience within their businesses. People changed their behavior by moving away from frequent shoppers in small baskets to much bigger baskets more infrequently from one store, indicating a change in the time efficiency of buyers. With investment in actual online delivery capability, supermarkets looked out for vulnerable people, assigning their last mile capacity to people who wouldn't be online shoppers. Technology is always helping supermarkets automate their supply chain and make it easier for customers to place orders. This helps them make their business easier to run and lets them focus more on their customers. Supermarkets try to change how people think about them by focusing on price, deals, rewards, speed, convenience, and quality.
Supermarkets Market Trends
Increasing Revenue of the Consumer Electronics Market
Continuous advancements in technology, such as improved processing power, enhanced connectivity, and innovation in display technologies, drive consumers to upgrade their devices, contributing to increased revenue. The proliferation of smart devices and the integration of the Internet of Things (IoT) into consumer electronics, including smart TVs, smart speakers, and smart home devices, contribute to market growth. The rise of e-commerce platforms provides consumers with convenient access to a wide range of consumer electronics products, contributing to increased sales and revenue.
The shift to remote work has increased demand for consumer electronics such as laptops, tablets, and audio-visual equipment, as individuals invest in devices to support their home offices. The demand for gaming consoles, high-performance graphics cards, and gaming accessories has driven revenue growth within the consumer electronics market, especially with the increasing popularity of esports. The rollout and adoption of 5G technology contribute to the demand for 5G-compatible smartphones and other devices, stimulating revenue growth.
The growing interest in health and fitness has driven demand for wearables, fitness trackers, and other health-related consumer electronics, adding a new revenue stream to the market. Regular product refresh cycles and the introduction of new features encourage consumers to upgrade their smartphones, contributing significantly to overall consumer electronics revenue.
North America Holds a Prominent Share in The Market
North America holds a majority share in the Global Supermarket Industry. Supermarkets in North America are an important part of the retail industry, offering a wide range of products to customers. They employ various techniques such as advertising, loyalty programs, and online promotions to attract and retain customers. Efficient supply chain management is also crucial for supermarkets to ensure that products are available when customers need them.
In recent years, supermarkets in North America have been leveraging technology and innovation to enhance the customer experience. Self-checkout systems, online shopping platforms, and personalized offers are the few examples. Walmart is one of the largest retail chains in the United States and Canada, offering a wide range of groceries in addition to general merchandise.
Supermarkets Industry Overview
The supermarket market is relatively competitive. Among the leading supermarkets globally, Walmart Inc., Lotte Shopping Co., Ltd., Tesco PLC, K Mart Corporation, and 7-ELEVEN, Inc., etc., are among the superstores operating globally and serving as a one-stop shop for everything customers use daily. With more than 1 million superstores existing globally and continuous disruption in the global retail and consumer product markets due to ongoing supply chain issues, inflation, shifting consumer behavior, robust data, and analytics, constant fluctuations are observed in the market. With these current uncertainties, superstores focus on customer loyalty, digital transformation, and supply chain management to operate effectively in market conditions.
Supermarkets Market Leaders
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Walmart Inc.
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Lotte Shopping Co., Ltd.
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Tesco PLC
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K Mart Corporation
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7-ELEVEN, Inc.
*Disclaimer: Major Players sorted in no particular order
Supermarkets Market News
- In February 2023, UAE retailer GMG acquired supermarket chain Aswaaq, which added 22 supermarkets to GMG's retail network. This acquisition brings strategic milestones to GMG operations with its continuous expansion of retail, trading, and property.
- In August 2022, Walmart acquired Volt Systems. Volt System is a technology company that provides suppliers with enhanced on-demand visibility into merchandising resources. The deal affirms Walmart's continued investment in innovation and technology to anticipate customer demand. Walmart is operating in 24 countries with more than 10,500 stores.
- In May 2021, 7-Eleven completed the acquisition of Speedway, which is the convenience arm of Marathon Petroleum Corp. Speedway is a great brand and a strong strategic fit for the business of 7-Eleven in the North American Midwest and East Coast markets. Under this acquisition, 7-Eleven acquired 3,800 stores located in North America and built up its portfolio to 14,000 stores.
Supermarkets Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ownership
5.1.1 Retail Chain
5.1.2 Independent Retailer
5.2 Application
5.2.1 Consumer Electronics
5.2.2 Furniture
5.2.3 Food and Beverage
5.2.4 Toy and Stationary
5.2.5 Personal Care
5.2.6 Cosmetic
5.2.7 Home Textile
5.2.8 Dresses
5.2.9 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Key Strategies Adopted
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Walmart, Inc.
6.3.2 Lotte Shopping Co., Ltd.
6.3.3 Tesco PLC
6.3.4 K Mart Corporation
6.3.5 7-Eleven, Inc.
6.3.6 Aeon Co., Ltd.
6.3.7 Aldi SE & Co. KG
6.3.8 Union Coop
6.3.9 SEGWAGWA Cash n Carry
6.3.10 Spar Holding AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Supermarkets Industry Segmentation
A supermarket is a self-service shop offering various food, beverage, and household products organized into sections. The supermarket market is segmented by ownership, application, and geography. Based on the ownership, the market is segmented into the retail chain and independent retailer. Based on the application, the market is segmented into consumer electronics, furniture, food and beverage, toys and stationery, personal care, cosmetics, home textiles, dresses, and others. Based on geography, the market is segmented into North America, Europe, South America, Asia-Pacific, and the Middle East and Africa. The report offers market size and forecasts for the global supermarket market in volume and value (USD) for all the above segments.
| Ownership | |
| Retail Chain | |
| Independent Retailer |
| Application | |
| Consumer Electronics | |
| Furniture | |
| Food and Beverage | |
| Toy and Stationary | |
| Personal Care | |
| Cosmetic | |
| Home Textile | |
| Dresses | |
| Other Applications |
| Geography | ||||||||
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Supermarkets Market Research FAQs
How big is the Supermarkets Market?
The Supermarkets Market size is expected to reach USD 0.98 trillion in 2024 and grow at a CAGR of 3.30% to reach USD 1.16 trillion by 2029.
What is the current Supermarkets Market size?
In 2024, the Supermarkets Market size is expected to reach USD 0.98 trillion.
Who are the key players in Supermarkets Market?
Walmart Inc., Lotte Shopping Co., Ltd., Tesco PLC, K Mart Corporation and 7-ELEVEN, Inc. are the major companies operating in the Supermarkets Market.
Which is the fastest growing region in Supermarkets Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Supermarkets Market?
In 2024, the Europe accounts for the largest market share in Supermarkets Market.
What years does this Supermarkets Market cover, and what was the market size in 2023?
In 2023, the Supermarkets Market size was estimated at USD 0.95 trillion. The report covers the Supermarkets Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Supermarkets Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Supers Industry Report
Statistics for the 2024 Supermarkets market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Supermarkets analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
