The Supermarkets And Hypermarkets Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Supermarkets And Hypermarkets Global Market Report 2024, The supermarkets and hypermarkets market size has grown strongly in recent years. It will grow from $3418.55 billion in 2023 to $3694.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to changing consumer lifestyles, urbanization trends, rising disposable income, brand loyalty, supply chain efficiency
The supermarkets and hypermarkets market size is expected to see strong growth in the next few years. It will grow to $4987.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to e-commerce integration, health and wellness trends, sustainability initiatives, globalization, innovation in store formats. Major trends in the forecast period include enhanced customer loyalty programs, local sourcing and regional products, efforts towards contactless shopping, expansion of fresh and ready-to-eat offerings, data-driven inventory management.
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 covered in this report 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 block chain technology to track product details such as source, manufacturing location, transportation modes. Block chain 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. Block chain technology enables users to access labeling 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 block chain powered supermarket in collaboration with Thailand’s Central Retail Corporation.
The supermarkets and hypermarkets market report table of contents includes:
1. Executive Summary
2. Supermarkets And Hypermarkets Market Characteristics
3. Supermarkets And Hypermarkets Product/Service Analysis -Product/Service Examples
4. Supermarkets And Hypermarkets Market Trends And Strategies
5. Supermarkets And Hypermarkets Market – Macro Economic Scenario
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26. Germany Supermarkets And Hypermarkets Market
27. France Supermarkets And Hypermarkets Market
28. Italy Supermarkets And Hypermarkets Market
29. Spain Supermarkets And Hypermarkets Market
30. Austria Supermarkets And Hypermarkets Market
Top Major Players:
- Walmart Inc
- Costco Wholesale Corporation
- Schwarz Unternehmenstreuhand KG
- The Kroger Co
- Aldi
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