Although supermarkets in Australia recorded marginally lower growth in 2023 compared to 2022, it was still a solid performance by the channel. The elevated inflation rates and cost-of-living expenses resulted in high prices for basic essentials and groceries. With consumers having no choice but to continue purchasing necessary groceries, Coles and Woolworths recorded significant sales revenue growth and profits in 2022 and 2023, driven by price increases.
Euromonitor International's Supermarkets in Australia report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Supermarkets market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Supermarkets in Australia
Euromonitor International
March 2024
List Of Contents And Tables
SUPERMARKETS IN AUSTRALIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Coles and Woolworths forced into lowering prices to compete with discounters
Rise in prices causes an increase in shoplifting for supermarkets
Coles invests in technology to improve the customer experience
PROSPECTS AND OPPORTUNITIES
Enhancing the supermarket experience based on specific customer needs
Product innovation for private label can give a competitive edge
Online channels to become increasingly competitive for supermarkets
CHANNEL DATA
Table 1 Supermarkets: Value Sales, Outlets and Selling Space 2018-2023
Table 2 Supermarkets: Value Sales, Outlets and Selling Space: % Growth 2018-2023
Table 3 Supermarkets GBO Company Shares: % Value 2019-2023
Table 4 Supermarkets GBN Brand Shares: % Value 2020-2023