What Fueled The Previous Growth In The Supermarkets Market?
The supermarkets market has seen considerable growth due to a variety of factors.
•Over the past few years, the supermarket sector's market size has seen significant expansion. The market size is expected to increase from $1806.36 billion in 2024 to $1961.12 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.6%.
Factors such as shifts in consumer lifestyles, urban expansion, increasing population density, higher disposable income, enhanced emphasis on convenience, and the growth of private label products have contributed to the historical growth.
What Is The Expected Growth In The Supermarkets Market Size?
The supermarkets market is expected to maintain its strong growth trajectory in upcoming years.
• Significant expansion is anticipated in the supermarkets market size over the next couple of years. It's projected to escalate to "$2616.54 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.5%.
The upcoming growth can be credited to the incorporation of e-commerce and omnichannel retailing, emphasis on health and wellness, sustainability and responsible consumerism, along with the demand for local and organic goods, and adaption to evolving demographics. The significant trends for this period include the implementation of intelligent shelving and inventory management, custom marketing and loyalty schemes, intensified attention on fresh and locally sourced products, incorporation of contactless and cashless transactions, and the deployment of automated and robotic solutions.
What Are the Critical Driver Fuelling the Supermarkets Market's Growth?
The growth of the supermarket industry is expected to be fueled by mounting consumer inclination towards healthy eating. Healthy eating is all about embracing a diet that includes a mix of nutritious food and drink, and the popularity of healthy eating habits has surged due to several advantages they offer like lowering the likelihood of illnesses like diabetes, heart ailments, and obesity. Supermarkets cater to this trend by offering a range of healthy food options such as fresh fruits and vegetables, lean meat, whole grains, low-fat dairy, and a host of organic, non-GMO, and sustainably sourced products. They display these healthy alternatives prominently to support and encourage healthy habits and to meet consumer requirements. As per a report by the World Economic Forum, a Switzerland-based international non-governmental organization, in March 2023, half of the Americans reported to have started striving to eat healthier. Moreover, in May 2022, as per the 2022 Food and Health Survey organized by the International Food Information Council, a US-based non-profit organization, out of 1,005 Americans aged between 18 and 80, 52% reported following a diet or a healthy eating routine, marking a significant increase from 39% in 2021. Hence, the growing consumer penchant for healthy eating is essentially driving the growth of the supermarket sector.
How Is the Supermarkets Market segmented?
The super markets market covered in this report is segmented –
1) By Type: Packaged Foods, Fresh Foods
2) By Ownership: Retail Chain, Independent Retailer
3) By Application: Personal Shoppers, Business Customers
Subsegments:
1) By Packaged Foods: Snacks, Canned Foods, Frozen Foods, Dairy Products, Baked Goods, Dry Foods, Beverages
2) By Fresh Foods: Fruits, Vegetables, Meat, Seafood, Poultry, Eggs, Deli Products
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What New Trends Are Influencing the Supermarkets Market?
Technological advancement is a rising trend that is becoming increasingly popular in the supermarket industry. The primary companies in this market are consistently concentrating on new tech innovation to maintain their market standing. For example, Asda Stores Ltd., a supermarket chain based in the UK, introduced Salesforce technology in June 2022. This technology offers a comprehensive understanding of customer behaviors, enabling personalized and custom experiences. It lays out a cloud-first infrastructure that ensures that customers receive a consistent and unified experience across all channels and devices. Thanks to the development of Asda's headless e-commerce architecture, the company is in a position to separate its front-end and back-end e-commerce applications. This ability allows the company to offer advanced online shopping experiences.
Who Are the Key Players in the Supermarkets Market?
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
What Is The Most Dominant Region In The Supermarkets Market?
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
