Major Regions on Grocery Stores & Supermarkets Market include United States, Europe, China, Japan, India, Southeast Asia, etc.
1 Global Grocery Stores & Supermarkets Market Size (Revenue) and CAGR
The global grocery stores & supermarkets market size has grown significantly from 2018 to the projected 2028. In 2018, the market size was 6425.02 billion USD. By 2022, this had increased to 8089.55 billion USD. The forecast for 2028 will be a further rise to 10429.55 billion USD.
The Compound Annual Growth Rate (CAGR) for the period from 2022 to 2028 is 4.33%. This CAGR indicates a steady and consistent growth in the market size over these years, reflecting the expanding demand and development in the grocery stores & supermarkets sector worldwide.
Figure Global Grocery Stores & Supermarkets Market Size (B USD) and CAGR (%) (2018-2028)
2 United States Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 1605.54 billion USD. By 2023, the market size had increased to 1918.24 billion USD. The CAGR for the United States grocery stores & supermarkets market from 2018 to 2023 is approximately 2.3%.
Figure United States Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table United States Grocery Stores & Supermarkets SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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3 Europe Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 1286.94 billion USD. By 2023, the market size had increased to 1646.46 billion USD. The CAGR for the European grocery stores & supermarkets market from 2018 to 2023 is approximately 4.6%.
Figure Europe Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table Europe Grocery Stores & Supermarkets SWOT Analysis
Item | Description |
Strength | Strong downstream demand International supply company Good industrial base |
Weakness | Fierce competition Environmentally strict requirements The market size is uneven between Eastern Europe and Western Europe |
Opportunity | Large demand Developed agricultural market Industrial integration |
Threat | Different countries have different consumption concepts. Regional economic development imbalance drives regional economic development. |
4 China Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 1281.24 billion USD. By 2023, the market size had increased to 1908.20 billion USD. The CAGR for the Chinese grocery stores & supermarkets market from 2018 to 2023 is approximately 8.0%.
Figure China Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table China SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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5 Japan Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 384.46 billion USD. By 2023, the market size had increased to 465.10 billion USD. the CAGR for the Japanese grocery stores & supermarkets market from 2018 to 2023 is approximately 3.0%.
Figure Japan Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table Japan SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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6 India Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 453.89 billion USD. By 2023, the market size had increased to 692.26 billion USD. The CAGR for the Indian grocery stores & supermarkets market from 2018 to 2023 is approximately 9.0%.
Figure India Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table India SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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7 Southeast Asia Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 476.71 billion USD. By 2023, the market size had increased to 616.43 billion USD. The CAGR for the Southeast Asian grocery stores & supermarkets market from 2018 to 2023 is approximately 5.0%.
Figure Southeast Asia Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table Southeast Asia SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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8 Latin America Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 537.03 billion USD. By 2023, the market size had increased to 733.50 billion USD. The CAGR for the Latin American grocery stores & supermarkets market from 2018 to 2023 is approximately 6.0%.
Figure Latin America Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table Latin America SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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9 Middle East and Africa Grocery Stores & Supermarkets Market Status and Prospect
In 2018, the market size was 199.87 billion USD. By 2023, the market size had increased to 252.92 billion USD. The CAGR for the Middle East and African grocery stores & supermarkets market from 2018 to 2023 is approximately 4.0%.
Figure Middle East and Africa Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate (2018-2023)
Table Middle East and Africa SWOT Analysis
Item | Description |
Strength |
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Weakness |
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Opportunity |
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Threat |
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10 Global Grocery Stores & Supermarkets Revenue Market Share, Region Wise
In 2023, the global grocery stores & supermarkets market saw a shift in market share distribution across various regions. The United States held a market share of 22.56%, marking a slight decrease from its 24.99% share in 2018. Europe also experienced a decline, with its market share dropping to 19.36% from 20.03% in the same period.
China, on the other hand, saw an increase in its market share, rising to 22.44% from 19.94% in 2018. Japan’s market share was slightly down at 5.47%, compared to 5.98% in 2018. India showed growth, with its market share increasing to 8.14% from 7.06%.
Southeast Asia had a minor increase to 7.25% from 7.42%. Latin America’s market share decreased to 8.63% from 8.36%. The Middle East and Africa saw a decrease to 2.97% from 3.11%. Lastly, the “Others” category experienced a slight increase, with its market share rising to 3.18% from 3.10% in 2018. These changes reflect the dynamic nature of the global grocery market and the varying growth trajectories of different regions.
Overall, the United States and Europe have seen a slight decline in their market shares, while China and India have experienced growth, indicating a shift in the global grocery market dynamics. Southeast Asia’s market share has remained relatively stable with a slight increase, and Latin America has seen a minor decrease. The Middle East and Africa, along with the “Others” category, have also experienced minor changes in their market shares. These fluctuations reflect the evolving landscape of the global grocery and supermarket sector, with emerging markets like China and India gaining more prominence.
Table Revenue Market Share, Region Wise (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
United States | 24.99% | 24.42% | 23.93% | 23.62% | 23.18% | 22.56% |
Europe | 20.03% | 19.81% | 19.85% | 19.72% | 19.57% | 19.36% |
China | 19.94% | 20.46% | 21.11% | 21.56% | 21.89% | 22.44% |
Japan | 5.98% | 5.87% | 5.76% | 5.64% | 5.53% | 5.47% |
India | 7.06% | 7.31% | 7.48% | 7.71% | 7.89% | 8.14% |
Southeast Asia | 7.42% | 7.50% | 7.27% | 7.05% | 7.22% | 7.25% |
Latin America | 8.36% | 8.41% | 8.39% | 8.50% | 8.57% | 8.63% |
Middle East and Africa | 3.11% | 3.10% | 3.07% | 3.04% | 3.00% | 2.97% |
Others | 3.10% | 3.13% | 3.13% | 3.15% | 3.16% | 3.18% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |