PUBLISHER: The Business Research Company | PRODUCT CODE: 1668631
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668631
A supermarket is a spacious, self-service retail store encompassing an area under 20,000 square feet, offering a diverse array of food and non-food products categorized into various sections for customers to purchase. Geared toward providing a convenient and efficient shopping experience, supermarkets are designed with different passages and areas to showcase and store products.
Supermarkets primarily offer two main types of foods packaged foods and fresh foods. Packaged foods comprise enclosed food items, including processed foods such as preserved, canned, frozen, and various forms of meat and vegetables. The ownership types encompass retail chains and independent retailers, catering to both personal shoppers and business customers.
The supermarkets market research report is one of a series of new reports from The Business Research Company that provides supermarkets market statistics, including supermarkets industry global market size, regional shares, competitors with a supermarkets market share, detailed supermarkets market segments, market trends and opportunities, and any further data you may need to thrive in the supermarkets industry. This supermarkets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The supermarkets market size has grown strongly in recent years. It will grow from$1806.36 billion in 2024 to $1961.12 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to changing consumer lifestyles, urbanization and population density, rise in disposable income, increased focus on convenience, expansion of private label products
The supermarkets market size is expected to see strong growth in the next few years. It will grow to $2616.54 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to e-commerce integration and omnichannel retailing, health and wellness trends, sustainability and ethical consumerism, local and organic produce demand, adaptation to changing demographics. Major trends in the forecast period include introduction of smart shelving and inventory management, personalized marketing and loyalty programs, enhanced focus on fresh and local produce, incorporation of contactless and cashless payment options, introduction of automated and robotic solutions.
The anticipated growth in the supermarkets market is expected to be driven by the rising consumer preference for healthy eating. Healthy eating involves adopting a balanced diet that includes various wholesome foods and beverages. The popularity of healthy eating habits has increased due to the associated benefits, such as reducing the risk of chronic diseases such as diabetes, heart disease, and obesity. Supermarkets play a crucial role in offering a range of healthy food options, including fresh fruits and vegetables, lean proteins, whole grains, low-fat dairy, as well as organic, non-GMO, and sustainably sourced products. These items are prominently displayed on the shelves to promote healthy habits and meet the demands of health-conscious consumers. For example, a survey conducted by the World Economic Forum in March 2023 revealed that 50% of Americans claimed to have started trying to eat healthier. Additionally, the 2022 Food and Health Survey by the International Food Information Council reported that 52% of 1,005 Americans aged 18 to 80 were following a diet or healthy eating habit, marking a significant increase from 39% in 2021. Therefore, the rising consumer preference for healthy eating is a key factor driving the growth of the supermarkets market.
The increasing demand for electronic devices and appliances is also expected to contribute to the growth of the supermarkets market. Consumer electronics, encompassing devices intended for everyday use such as entertainment, communication, productivity, or utility purposes, are in high demand. Supermarkets leverage this demand to enhance the customer experience by providing convenience and a diverse range of electronic products catering to various needs and preferences. According to the Japan Electronics and Information Technology Industries Association, the total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million) in May 2023. Furthermore, consumer electronics production increased to $2,178,430 million (¥32,099 million) in May 2023, compared to $1,714,724 million (¥25,268 million) in May 2022. Hence, the surge in demand for electronic devices and appliances is expected to contribute to increased revenues in the supermarkets market.
Technological advancements have become a prominent trend in the supermarkets market. Major companies within this sector are consistently directing their efforts toward innovating new technologies to maintain a competitive edge. For example, in June 2022, the UK-based supermarket chain Asda Stores Ltd. introduced Salesforce technology to offer customers a 360-degree view, enabling personalized and tailored shopping experiences. This implementation aimed to establish a cloud-first infrastructure, providing customers with a cohesive experience across various channels and devices. Asda's development of a headless e-commerce architecture, separating front-end and back-end e-commerce apps, allowed the company to deliver cutting-edge online purchasing experiences.
Leading companies in the supermarkets market are also prioritizing next-generation solutions such as OpenAI chatbot solutions to enhance personalized shopping experiences, optimize inventory management, and streamline operational efficiency. OpenAI chatbot solutions utilize advanced AI models to comprehend, generate, and engage in human-such as conversations, employing natural language processing and machine learning capabilities. For instance, in June 2023, the France-based retailer Carrefour integrated a ChatGPT-based chatbot called Hopla into its Carrefour.fr website. This natural-language AI assists customers with everyday shopping tasks, offering product recommendations based on budget, dietary restrictions, or menu ideas. The chatbot is easily accessible on the website's main page and can provide insights on waste reduction, suggesting creative uses of materials through related baskets and recipes.
In August 2022, Asda Stores Ltd. made a significant acquisition by purchasing The Co-op for approximately $744 million. This strategic move involved gaining control of 132 stores, 129 gas station forecourts, and three development sites, along with 2,300 employees. All employees from these Co-op sites transitioned to Asda. This acquisition is anticipated to reshape the grocery store industry, positioning Asda as a key player. The Co-op, in this context, refers to a UK-based network of supermarkets and convenience shops.
Major companies operating in the supermarkets market include Tesco plc, Carrefour Group, J Sainsbury plc, REWE Group, The Kroger Company, ALDI Nord Group, Albertsons Companies Inc., Target Corporation, Costco Wholesale Corporation, ICA Supermarket, Real Canadian Superstore, ParknShop Limited, Wm Morrison Supermarkets Limited, Woolworths Group Limited, Asda Stores Ltd., Walmart Inc., Kroger Co., Ahold Delhaize USA Inc., Publix Super Markets Inc., Safeway Inc., H-E-B Grocery Company LP, Meijer Inc., Giant Food Stores LLC, Hy-Vee Inc., Wegmans Food Markets Inc., The Schwarz Group
North America was the largest region in the supermarkets market in 2024. The regions covered in the supermarkets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the supermarkets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The supermarkets market includes revenues earned by entities by providing self-service shopping, mechanized groceries selling, offering delivery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Supermarkets Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on supermarkets market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for supermarkets ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The supermarkets market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.