Supermarkets and Hypermarkets

Supermarkets and Hypermarkets

Global Supermarkets and Hypermarkets Market to Reach $8.6 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for Supermarkets and Hypermarkets estimated at US$6 Trillion in the year 2022, is projected to reach a revised size of US$8.6 Trillion by 2030, growing at aCAGR of 4.5% over the period 2022-2030. Supermarkets, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$4.8 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hypermarkets segment is readjusted to a revised 4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Trillion, While China is Forecast to Grow at 7.1% CAGR
The Supermarkets and Hypermarkets market in the U.S. is estimated at US$1.7 Trillion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Trillion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors (Total 186 Featured) -

• Aldi Inc.
• Carrefour Group
• Target Corporation
• Tesco PLC
• Wal-Mart, Inc.

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