1 Different Types of Grocery Stores & Supermarkets Market
Segment by type, the Grocery Stores & Supermarkets can be split into Food and Beverage.
Grocery Stores & Supermarkets means a retail business where the majority of the floor area that is open and accessible to the public is occupied by produce, food and beverage products, and household items that are packaged for preparation and consumption for daily living needs.
Table Different Types of Grocery Stores & Supermarkets
Description | |
Food | Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin and contains essential nutrients such as carbohydrates, fats, proteins, vitamins, or minerals. |
Beverage | Beverages is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include milk, juice, smoothies and soft drinks. Traditionally warm beverages include coffee, tea, and hot chocolate. |
2 Different Applications of Grocery Stores & Supermarkets Market
Segment by applications, the Grocery Stores & Supermarkets can be split into Grocery Stores and Supermarkets.
Table Different Applications of Grocery Stores & Supermarkets
Item | Description |
Grocery Stores | Grocery store means any retail establishment, the business of which consists of the sale of food, food products, or beverages for consumption off the premises. |
Supermarkets | Supermarkets are large self-service grocery stores that offer customers a variety of food and household items. Merchandise is organized into an organized aisle format, each aisle is numbered or labeled, and only similar items are grouped together. Supermarkets are much larger than traditional grocery stores. |
3 Global Grocery Stores & Supermarkets Market Revenue (B USD) by Type
Food consistently generates the highest revenue across all years. It starts at 4935.21 billion USD in 2018 and shows a steady increase, reaching 6536.98 billion USD in 2023. This indicates a strong and growing demand for food products in grocery stores and supermarkets worldwide.
Beverages also show a positive trend, with revenue rising from 293.12 billion USD in 2018 to 421.96 billion USD in 2023. The increase reflects a growing preference for beverages among consumers.
Others category, which includes miscellaneous grocery items, starts at 1196.69 billion USD in 2018 and grows to 1544.76 billion USD in 2023. This category also contributes significantly to the total revenue.
Overall, each category has shown growth over the years, contributing to the total revenue increase from 6425.02 billion USD in 2018 to 8503.71 billion USD in 2023. There is a healthy expansion in the grocery and supermarket sector, with food being the dominant category in terms of revenue.
Table Global Grocery Stores & Supermarkets Revenue (B USD) by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Food | 4935.21 | 5093.85 | 5520.17 | 5772.95 | 6227.44 | 6536.98 |
Beverage | 293.12 | 307.62 | 337.73 | 359.52 | 394.94 | 421.96 |
Others | 1196.69 | 1239.61 | 1309.16 | 1353.95 | 1467.17 | 1544.76 |
Total | 6425.02 | 6641.08 | 7167.06 | 7486.41 | 8089.55 | 8503.71 |
4 Global Grocery Stores & Supermarkets Market Revenue Share by Type
Food holds the largest share of revenue across all years, starting at 76.81% in 2018 and slightly fluctuating but ending at 76.87% in 2023. This consistent majority share indicates that food is the primary driver of revenue in the grocery stores & supermarkets sector.
Beverages and Others account for smaller shares of the total revenue. Beverages show a slight increase in their share, from 4.56% in 2018 to 4.96% in 2023, reflecting a modest growth in this category. The “Others” category, which includes a variety of grocery items beyond food and beverages, also shows slight variations, starting at 18.63% in 2018 and ending at 18.17% in 2023.
Overall, while food dominates the market, both beverages and other grocery items maintain significant, though smaller, shares of the total revenue. The slight increases in the beverage category could indicate growing consumer interest in this sector.
Table Global Grocery Stores & Supermarkets Revenue Share by Type (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Food | 76.81% | 76.70% | 77.02% | 77.11% | 76.98% | 76.87% |
Beverage | 4.56% | 4.63% | 4.71% | 4.80% | 4.88% | 4.96% |
Others | 18.63% | 18.67% | 18.27% | 18.09% | 18.14% | 18.17% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
5 Global Grocery Stores & Supermarkets Revenue by Application
Supermarkets consistently generate more revenue than grocery stores across all the years. Starting at 3531.39 billion USD in 2018, supermarket revenue shows a steady increase, reaching 4735.11 billion USD in 2023. This indicates that supermarkets are the dominant application in terms of revenue within the grocery stores & supermarkets sector.
Grocery Stores also show revenue growth over the years, from 2893.64 billion USD in 2018 to 3768.59 billion USD in 2023. Although they contribute significantly to the total revenue, their share is smaller compared to supermarkets.
The Total revenue for both grocery stores and supermarkets combined has increased each year, from 6425.02 billion USD in 2018 to 8503.71 billion USD in 2023. This overall growth reflects a healthy expansion in the grocery and supermarket industry, with supermarkets leading the way in revenue generation. The consistent year-over-year growth in both sectors suggests a strong and growing demand for grocery products worldwide.
Figure Global Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate of Grocery Stores (2018-2023)
Figure Global Grocery Stores & Supermarkets Revenue (B USD) and Growth Rate of Supermarkets (2018-2023)
6 Global Grocery Stores & Supermarkets Revenue and Share Forecast by Type
The forecast from 2023 to 2028 indicates that the Food category is expected to have the largest increase in revenue and maintain the largest market share. Starting at 6536.98 billion USD in 2023, the food sector is projected to reach 8023.66 billion USD by 2028. This category also consistently holds the largest share of the market, beginning at 76.87% in 2023 and slightly fluctuating but ending at 76.93% in 2028.
The Beverages category shows a moderate increase in revenue, from 421.96 billion USD in 2023 to an estimated 562.90 billion USD in 2028. The market share for beverages is also expected to grow slightly, starting at 4.96% in 2023 and reaching 5.40% by 2028.
In summary, while all categories are expected to grow in revenue over the forecast period, the Food category will see the most significant increase and will continue to dominate the market share. Beverages will also experience growth, albeit at a slower pace, with a slight increase in market share. The others category will grow in revenue but may see a slight decline in its relative market share.
Table Global Grocery Stores & Supermarkets Revenue (B USD) Forecast by Type (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Food | 6536.98 | 6805.77 | 7105.68 | 7441.03 | 7737.71 | 8023.66 |
Beverage | 421.96 | 446.69 | 472.49 | 503.64 | 533.33 | 562.90 |
Others | 1544.76 | 1613.62 | 1640.26 | 1697.42 | 1772.56 | 1842.99 |
Total | 8503.71 | 8866.08 | 9218.42 | 9642.10 | 10043.60 | 10429.55 |
Table Global Grocery Stores & Supermarkets Revenue Share Forecast by Type (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Food | 76.87% | 76.76% | 77.08% | 77.17% | 77.04% | 76.93% |
Beverage | 4.96% | 5.04% | 5.13% | 5.22% | 5.31% | 5.40% |
Others | 18.17% | 18.20% | 17.79% | 17.60% | 17.65% | 17.67% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
7 Global Grocery Stores & Supermarkets Revenue and Share by Application
The forecast from 2023 to 2028 indicates that Supermarkets are expected to have a larger increase in revenue compared to Grocery Stores. The revenue for Supermarkets is projected to grow from 4735.11 billion USD in 2023 to 6005.79 billion USD in 2028, which is a significant increase. In contrast, Grocery Stores are forecasted to see their revenue rise from 3768.59 billion USD in 2023 to 4423.76 billion USD in 2028.
In terms of market share, Supermarkets are also expected to maintain a larger share of the total revenue. The market share for Supermarkets is forecasted to increase slightly from 55.68% in 2023 to 57.58% in 2028. Meanwhile, the market share for Grocery Stores is expected to decrease slightly, starting at 44.32% in 2023 and dropping to 42.42% by 2028.
Overall, Supermarkets will not only experience a greater increase in revenue but will also continue to dominate the market share in the global grocery stores & supermarkets sector over the next few years. This trend highlights the growing importance and influence of supermarkets in the Grocery Stores & Supermarkets market.
Table Global Grocery Stores & Supermarkets Revenue (B USD) Forecast by Application (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Grocery Stores | 3768.59 | 3892.61 | 4015.47 | 4160.92 | 4300.08 | 4423.76 |
Supermarkets | 4735.11 | 4973.47 | 5202.96 | 5481.18 | 5743.52 | 6005.79 |
Total | 8503.71 | 8866.08 | 9218.42 | 9642.10 | 10043.60 | 10429.55 |
Table Global Grocery Stores & Supermarkets Revenue Share Forecast by Application (2023-2028)
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
Grocery Stores | 44.32% | 43.90% | 43.559% | 43.15% | 42.81% | 42.42% |
Supermarkets | 55.68% | 56.10% | 56.44% | 56.85% | 57.19% | 57.58% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
