The
Supermarkets 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).
Learn More On The Supermarkets Market:
https://www.thebusinessresearchcompany.com/report/supermarkets-global-market-report
According to The Business Research Company’s Supermarkets Global Market Report
2024, The supermarkets market size has grown strongly in recent years. It will
grow from $1634.55 billion in 2023 to $1769.68 billion in 2024 at a compound
annual growth rate (CAGR) of 8.3%. The
growth in the historic period can be attributed to changing consumer
lifestyles, urbanization and population density, rise in disposable income,
increased focus on convenience, expansion of private label products..
The supermarkets market size is expected to see strong growth in the next few
years. It will grow to $2405.78 billion in 2028 at a compound annual growth
rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to
e-commerce integration and omnichannel retailing, health and wellness trends,
sustainability and ethical consumerism, local and organic produce demand,
adaptation to changing demographics.. Major trends in the forecast period
include introduction of smart shelving and inventory management, personalized
marketing and loyalty programs, enhanced focus on fresh and local produce,
incorporation of contactless and cashless payment options, introduction of
automated and robotic solutions..
The rising consumer preference for healthy eating is expected to drive the
growth of the supermarkets market going forward. Healthy eating refers to
adopting a diet that is balanced and consists of a variety of wholesome foods
and beverages, and healthy eating habits have gained popularity due to their
many benefits, including reducing the risk of chronic diseases such as
diabetes, heart disease, and obesity. Supermarkets offer healthy food options,
including fresh fruits and vegetables, lean proteins, whole grains, low-fat
dairy, and more organic, non-GMO, and sustainably sourced products, and place
these items prominently on the shelves to promote healthy habits and satisfy
consumers' demands. For instance, in March 2023, according to the World
Economic Forum, a Switzerland-based international non-governmental organization,
50% of Americans claimed to have started trying to eat healthier. Furthermore,
in May 2022, according to the 2022 Food and Health Survey conducted by the
International Food Information Council, a US-based non-profit organization,
among 1,005 Americans ages 18 to 80, 52% reported following a diet or healthy
eating habit, a considerable rise from 39% in 2021. Therefore, the rising
consumer preference for healthy eating is driving the growth of the
supermarkets market.
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The supermarkets market covered in this report is segmented –
1) By Type: Packaged Foods, Fresh Foods
2) By Ownership: Retail Chain, Independent Retailer
3) By Application: Personal Shoppers, Business Customers
The technological advancements have emerged as a key trend gaining popularity
in the supermarkets market. Major companies operating in the supermarkets
market are frequently focusing on innovating new technologies to sustain their
position in the market. For instance, in June 2022, Asda Stores Ltd., a
UK-based supermarket chain, launched Salesforce technology, to provide a
360-degree view of its customers, providing personalized and tailored
experiences. It would create a cloud-first infrastructure to give its customers
one linked and uniform experience across every channel and device. The
development of Asda's headless e-commerce architecture, which enables the
retailer to separate its front-end and back-end e-commerce apps, will allow it
to offer cutting-edge online purchasing experiences.
The supermarkets market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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