Press release
Supermarkets And Hypermarkets Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033
Supermarkets And Hypermarkets Market Analysis
The Business Research Company offers in-depth market insights through Supermarkets And Hypermarkets Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Data Analytics Revolutionizing Supermarket And Hypermarket Management For Enhanced Efficiency And Customer Engagement
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.
Competitive Landscape:
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, Casin*o Group, 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
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Top Trend - Block Chain Revolutionizing Food Traceability In Supermarkets And Hypermarkets
Supermarkets and hypermarkets are increasingly using block chain technology to track product details such as source, manufacturing location, transportation modes. Block chain technology can be described as a data structure that holds transactional records and ensures security, transparency, and decentralization. Due to rising awareness about healthy eating, shoppers are actively looking for the origin and methods of food production to understand the entire food supply chain. Food quality. Block chain technology enables users to access labeling information on smartphones, giving the user in-depth tracking of data that ensures food quality. For instance, in March 2022, Zipmex, a Southeast Asia-based digital asset platform launched a block chain powered supermarket in collaboration with Thailand's Central Retail Corporation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Supermarkets And Hypermarkets Market Characteristics
3. Supermarkets And Hypermarkets Market Trends And Strategies
4. Supermarkets And Hypermarkets Market - Macro Economic Scenario
5. Supermarkets And Hypermarkets Market Size And Growth
…..
27. Supermarkets And Hypermarkets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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