Supermarkets Global Market 2023 To 2032 - Size, Share And Trends Analysis

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Supermarkets Global Market Report 2023 identifies The rising consumer preference for healthy eating as the major driver for the Supermarkets market's growth in the forecast period. Healthy eating refers to adopting a diet that is balanced and consists of a variety of wholesome foods and beverages, and healthy eating habits have gained popularity due to their many benefits, including reducing the risk of chronic diseases such as diabetes, heart disease, and obesity. Supermarkets offer healthy food options, including fresh fruits and vegetables, lean proteins, whole grains, low-fat dairy, and more organic, non-GMO, and sustainably sourced products, and place these items prominently on the shelves to promote healthy habits and satisfy consumers' demands.

The global Supermarkets market size is expected to grow from $1,518.89 billion in 2022 to $1,658.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global Supermarkets market size is expected to reach $2,228.92 billion in 2027 at a CAGR of 7.7%.

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Major competitors in the Supermarkets market are Tesco PLC, Carrefour Group, J Sainsbury PLC, REWE Group, The Kroger Company, Aldi, Albertsons Companies Inc., Target Corporation

A key trend in the Supermarkets market includes technological advancements. Major companies operating in the Supermarkets market are frequently focusing on innovating new technologies to sustain their position in the market. For instance, in June 2022, Asda Stores Ltd., a UK-based supermarket chain, launched Salesforce technology, to provide a 360-degree view of its customers, providing personalized and tailored experiences. It would create a cloud-first infrastructure to give its customers one linked and uniform experience across every channel and device. The development of Asda's headless e-commerce architecture, which enables the retailer to separate its front-end and back-end e-commerce apps, will allow it to offer cutting-edge online purchasing experiences

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The Supermarkets market is segmented -
•By Type: Packaged Foods, Fresh Foods
•By Ownership: Retail Chain, Independent Retailer
•By Application: Personal Shoppers, Business Customers
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Supermarkets market.

The Business Research Company's "Global Supermarkets Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Supermarkets Market Include:
1. Executive Summary
2. Supermarkets Market Characteristics
3. Supermarkets Market Trends And Strategies
4. Supermarkets Market - Macro Economic Scenario
5. Supermarkets Market Size And Growth
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26. Africa Supermarkets Market
27. Supermarkets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Supermarkets Market
29. Supermarkets Market Future Outlook and Potential Analysis
30. Appendix

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