Press release
SuperMarket s And HyperMarket s Market Size, Statistics, Industry Trends, Growth By 2033
SuperMarket s And HyperMarket s Market
The Business Research Company presents an extensive market research report on the Supermarkets And Hypermarkets Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The supermarkets and hypermarkets market size has grown strongly in recent years. It will grow from $3418.55 billion in 2023 to $3694.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to changing consumer lifestyles, urbanization trends, rising disposable income, brand loyalty, supply chain efficiency.
The supermarkets and hypermarkets market size is expected to see strong growth in the next few years. It will grow to $4987.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to e-commerce integration, health and wellness trends, sustainability initiatives, globalization, innovation in store formats. Major trends in the forecast period include enhanced customer loyalty programs, local sourcing and regional products, efforts towards contactless shopping, expansion of fresh and ready-to-eat offerings, data-driven inventory management.
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Key Market Players:
Major companies operating in the supermarkets and hypermarkets market report are Walmart Inc., Costco Wholesale Corporation, Schwarz Unternehmenstreuhand KG, The Kroger Co., Aldi, Target Corporation, Rewe Group, Koninklijke Ahold Delhaize N.V, Carrefour SA, Tesco plc, Albertsons Companies Inc., Edeka Group, Aeon Co. Ltd., Shoprite Holdings Limited, Woolworths Group Limited, J Sainsbury plc, X5 Retail Group N.V., Migros Genossenschafts-Bund, Metro AG, Système U, Coles Group Limited, Seven & I Holdings Co. Ltd., Colruyt Group, Lotte Corp., SPAR International, Fonciere Euris SA, Lidl Stiftung & Co. KG, Auchan Retail S.A., Kroger Asia Pacific, Jerónimo Martins SGPS SA, Kesko Corporation, Shufersal Ltd., Magnit LLC, PT. Hero Supermarket Tbk, ICA Gruppen AB, The Home Depot Inc., Giant Eagle Inc., Meijer Inc., Delhaize Group
Market Drivers:
Supermarkets and hypermarkets are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for supermarkets and hypermarkets to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward.
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https://www.thebusinessresearchcompany.com/report/supermarkets-and-hypermarkets-global-market-report
The supermarkets and hypermarkets market covered in this report is segmented -
1) By Type: Supermarkets, Hypermarkets
2) By Ownership: Retail Chain, Independent Retailer
3) By Application: Consumer Electronics, Furniture, Food and Beverage, Toy And Stationery, Personal Care, Cosmetic, Home Textile, Dress, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
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