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

Rising consumer inclination for healthy eating is likely to fuel innovation in supermarket production, propelling the market during the forecast period.

The global supermarkets market is expected to grow from $1,518.89 billion in 2022 to $1,658.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The global supermarkets market size is expected to reach $2,228.92 billion in 2027 at a CAGR of 7.7%.

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Global Supermarkets Market Segments Include:

• By Type: Packaged Foods, Fresh Foods
• By Ownership: Retail Chain, Independent Retailer
• By Application: Personal Shoppers, Business Customers
• 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 supermarkets market in 2021.

Major Market Players in the supermarkets market include Tesco PLC, Carrefour Group, J Sainsbury PLC, REWE Group, The Kroger Company, Aldi, Albertsons Companies Inc., Target Corporation, Costco Wholesale Corporation.

Technological innovations have emerged as a crucial trend that is gaining traction in the retail sector. To maintain their market position, major supermarket firms constantly focus on the development of innovative technologies. For example, Asda Stores Ltd., a UK-based grocery chain, implemented Salesforce technology in June 2022 to provide a 360-degree picture of its consumers, allowing for personalised and bespoke experiences. It would build a cloud-first architecture to provide its customers with a unified and consistent experience across all channels and devices. Asda’s headless e-commerce architecture, which allows the store to segregate its front-end and back-end e-commerce apps, will enable the retailer to provide cutting-edge online purchase experiences.

The Supermarkets Global Market Report 2023  provides a supermarkets market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The supermarkets market forecast analyzes supermarkets market size, supermarkets 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 supermarket is a big self-service retail establishment with an area of less than 20,000 square feet that sells a wide variety of food and non-food products organised into various areas for customers to purchase. It is intended to give a convenient and efficient shopping experience, with several pathways and rooms for displaying and storing products.

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