The Supermarkets And Hypermarkets Global Market Report 2023 by The Business Research Company, provides supermarkets and hypermarkets market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Supermarkets And Hypermarkets Global Market Report 2023, the market size is expected to grow from $3,138.21 billion in 2022 to $3,373.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of supermarkets and hypermarkets market is expected to grow to $4,346.14 billion in 2027 at a CAGR of 6.5%.
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.
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The supermarkets and hypermarkets market 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
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 methods of food production to understand the entire food supply chain. Food quality. Blockchain technology enables users to access labelling 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 blockchain powered supermarket in collaboration with Thailand’s Central Retail Corporation.
The supermarkets and hypermarkets market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Supermarkets And Hypermarkets Market Characteristics
4. Supermarkets And Hypermarkets Market Product Analysis
5. Leading Products/ Services
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20. Supermarkets And Hypermarkets Market Competitive Landscape
21. Key Mergers And Acquisitions In The Supermarkets And Hypermarkets Market
22. Market Background: Retail Market
23. Recommendations
24. Appendix
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