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

Personalization is likely to boost innovation in hypermarket manufacturing, propelling the market during the forecast period.

The global hypermarkets market is expected to grow from $1,667.71 billion in 2022 to $1,810.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The global hypermarkets market size is expected to reach $2,400.19 billion in 2027 at a CAGR of 7.3%.

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 Global Hypermarkets Market Segments Include:

• By Ownership: Retail Chain, Independent Retailer
• By Marketing Channel: Traditional Marketing Channel (Offline), Online Channel
• By Application: Consumer Electronics, Furniture, Food and Beverage, Toy And Stationery, Personal Care, Cosmetic, Home Textile, Dress, Other Applications
• 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 is the largest region in the global hypermarkets market in 2021.

Major Market Players in the hypermarkets market include Albrecht-Diskont (ALDI), Walmart Inc., Carrefour, Edeka Group, Lotte Corporation, Renrenle Commercial Group Co. Ltd., RT-Mart International Ltd., Beijing Hualian Group.

Artificial intelligence is a major concept that is gaining traction in the hypermarket market. To boost their market position, major hypermarket corporations are implementing artificial intelligence. The artificial intelligence (AI) area of computer science is concerned with the development of intelligent machines and intelligent computer programmes that require human intelligence. For example, LuLu Group International, an Indian Emirati-based conglomerate that operates a chain of hypermarkets and retail businesses, has launched Salem, an AI-powered customer experience or service channel on WhatsApp through which customers can receive in-app purchase receipts, track online order deliveries, and seek purchase-related assistance. Yellow.ai, a Conversational AI platform based in the United States, powers the service. Due to comprehensive backend connectivity with the retailer’s CRM and Order Management system, Salem can successfully engage with customers throughout their purchase journey. Customer satisfaction has grown by up to 60% as a result of this.

The Hypermarkets Global Market Report 2023  provides a hypermarkets market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hypermarkets market forecast analyzes hypermarkets market size, hypermarkets market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A hypermarket is a retail establishment that houses both a department store and a grocery supermarket. It consists of items and a vast parking lot that supplies customers with all of their needs under one roof.

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