Global Supermarkets And Hypermarkets Market Overview And Prospects

December 15, 2021 by The Business Research Company

Learn about the global supermarkets and hypermarkets market through The Business Research Company, which provides information on supermarkets and hypermarkets market size, supermarkets and hypermarkets market drivers and restraints, supermarkets and hypermarkets market players, the COVID-19 impact on the supermarkets and hypermarkets market, and more.

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The global supermarkets and hypermarkets market is expected to grow from $2498.09 billion in 2020 to $2632.72 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3289.6 billion in 2025 at a CAGR of 6%.

With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for supermarkets and hypermarkets to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.

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The supermarkets and hypermarkets market consists of sales all sorts of goods and some services by entities (organizations, sole traders and partnerships) that are engaged in retailing, fresh, frozen and canned foods and dry goods by, including such as tea, coffee, spices, sugar, and flour; fresh fruits and vegetables; and fresh and prepared meats, fish, and poultry to ultimate users. They also have nonfood items in their portfolio. They typically operate on the self-service principle.

Global supermarkets and hypermarkets market segments include:

By Type: Supermarkets, Hypermarkets

By Ownership: Retail Chain, Independent Retailer

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global supermarkets and hypermarkets market, accounting for 30% of the market in 2020.

Supermarkets and hypermarkets are increasingly using blockchain technology to track product details such as source, manufacturing location, transportation modes. Blockchain 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 food production methods to understand the entire food supply chain. Blockchain technology enables the users to access labelling information on smartphones giving the user in-depth tracking of data that ensures food quality.

TBRC’s supermarkets and hypermarkets market report covers:

Major Market Players: Target Corporation Carrefour, Aldi, Wal-Mart, Tesco, Carrefour.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Supermarkets And Hypermarkets Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides supermarkets and hypermarkets market overviews, analyses and forecasts market size, share, supermarkets and hypermarkets market players, supermarkets and hypermarkets market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s supermarkets and hypermarkets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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