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Supermarkets & Grocery Stores in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 4711 June 2024 Spotlight Report

Revenue

€2.2tr

2019-2024 4.0 %
2024-2029 X.X %

Employees

7m

2019-2024 0.3 %
2024-2029 X.X %

Businesses

731k

2019-2024 0.0 %
2024-2029 X.X %

Wages

€XXX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Supermarkets & Grocery Stores in Europe industry analysis

European supermarkets’ revenue is forecast to grow at a compound annual rate of 4.5% over the five years through 2024 to reach €1.6 trillion. A handful of supermarkets dominate each country, with the only new entrants being well-established supermarkets looking to expand to new regions – independents struggle to grab market share from the well-entrenched stores.

European coverage with a localised twist

  • Market estimates from 2014-2029
  • Detailed reports analysing industry performance, market dynamics and company data, compared across countries
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Industry Statistics and Trends

Supermarkets & Grocery Stores in Europe key trends

Healthy products move to the sidelines amid affordability issues.

 

The cost-of-living crisis has led to a falling focus on healthy products from consumers, with cost becoming more important to a purchase decision.

Automation and tech deployment surges.

 

As a traditional supermarkets’ profit margin is narrow, automation and tech is being rolled out to help find cost savings and raise profitability.

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Supermarkets & Grocery Stores in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Supermarkets & Grocery Stores in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated €2.2tr in 2024.

Trends and Insights

Volume sales dip amid severe grocery price inflation

  • Figures from the Central Statistical Office of Poland, food inflation reached 24.2% in March 2023 - a record high. Since then, the rate of price increases has eased, although remained above 10% in September 2023.

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Supermarkets & Grocery Stores in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Supermarkets scale up automation and tech deployment

  • McKinsey forecasts €40 billion of additional investment will be required across the European grocery retail sector by 2030 to fully automate warehouses, implement cloud computing and adopt new analytical tools to drive value creation.

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Revenue

€2.2tr

2019-2024 4.0 %
2024-2029 X.X %

Employees

7m

2019-2024 0.3 %
2024-2029 X.X %

Wages

€XXX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.3 % *
  • Job Growth

Top 5 Countries

  1. Ireland +3.7%
  2. Croatia +2.0%
  3. Germany +0.7%
  4. United Kingdom +0.5%
  5. Bosnia & Herzegovina +0.4%

Bottom 5 Countries

  1. Hungary 0.0%
  2. Slovakia 0.0%
  3. Czechia 0.0%
  4. Lithuania 0.0%
  5. Turkey +0.1%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Supermarkets & Grocery Stores in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Schwarz Beteiligungs-GmbH
171,707.9
4,636.1
2.7
EDEKA ZENTRALE Stiftung & Co KG
72,961.6
2,407.7
3.3
Carrefour SA
91,575.6
2,747.3
3.0

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Supermarkets & Grocery Stores in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Supermarkets & Grocery Stores industry in Europe in 2024?

The market size of the Supermarkets & Grocery Stores industry in Europe is €2.2tr in 2024.

How many businesses are there in the Supermarkets & Grocery Stores in Europe industry in 2024?

There are 731k businesses in the Supermarkets & Grocery Stores industry in Europe, which has grown at a CAGR of 0.0 % between 2019 and 2024.

Has the Supermarkets & Grocery Stores industry in Europe grown or declined over the past 5 years?

The market size of the Supermarkets & Grocery Stores industry in Europe has been declining at a CAGR of 4.0 % between 2019 and 2024.

What is the forecast growth of the Supermarkets & Grocery Stores industry in Europe over the next 5 years?

Over the next five years, the Supermarkets & Grocery Stores industry in Europe is expected to grow.

What does the Supermarkets & Grocery Stores in Europe include?

Food and Beverages are part of the Supermarkets & Grocery Stores industry.

Which countries have the most businesses in the Supermarkets & Grocery Stores industry in Europe?

The European country with the most businesses in the Supermarkets & Grocery Stores industry is Russia.

How competitive is the Supermarkets & Grocery Stores industry in Europe?

The level of competition is high and increasing in the Supermarkets & Grocery Stores industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Supermarkets and grocery stores sell a range of groceries and food, including fruit, vegetables, bread, canned goods, toiletries, dairy goods, alcohol, cleaning products and cigarettes.

Related Terms

SHRINKFLATION LOSS-LEADERLOYALTY CARD

What's included in this industry?

Food Beverages General merchandise

Companies

Schwarz Beteiligungs-GmbHEDEKA ZENTRALE Stiftung & Co KGCarrefour SA

Industry Code

ISIC 2006

4711 - Retail sale in non-specialized stores with food, beverages or tobacco predominating in Europe

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Performance

Key Takeaways

Volume sales dip amid severe grocery price inflation

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Supermarkets & Grocery Stores in Europe industry (2011 -2029)
  • Employees in the Supermarkets & Grocery Stores in Europe industry (2011 -2029)
  • Business in the Supermarkets & Grocery Stores in Europe industry (2011 -2029)
  • Profit in the Supermarkets & Grocery Stores in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Supermarkets & Grocery Stores in Europe industry?


Outlook

Analysis

What's driving the Supermarkets & Grocery Stores in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Supermarkets & Grocery Stores in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Supermarkets & Grocery Stores in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Financial uncertainty drives customers to trade down. With households’ finances dipping during the cost-of-living crisis, supermarket goers are trading down the products they buy, with sales of value and own-brand products on the rise.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Supermarkets & Grocery Stores in Europe industry's products and services performing?

Analysis

What are innovations in the Supermarkets & Grocery Stores in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Supermarkets & Grocery Stores in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A handful of companies dominate the market. Supermarkets like Tesco, Carrefour and Aldi have a stronghold in a number of European markets.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 13 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Schwarz Beteiligungs-GmbH
  • Countries of operation for EDEKA ZENTRALE Stiftung & Co KG
  • Countries of operation for Carrefour SA
  • Countries of operation for Tesco plc
  • Countries of operation for Aldi Süd
  • Countries of operation for Auchan Retail International SA
  • Countries of operation for Koninklijke Ahold Delhaize NV
  • Countries of operation for J Sainsbury plc
  • Countries of operation for Mercadona SA
  • Countries of operation for Aldi Nord
  • Countries of operation for PJSC Magnit
  • Countries of operation for Casino Guichard-Perrachon SA
  • Countries of operation for HORNBACH Holding AG & Co KGaA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Supermarkets face a few regulatory hurdles. They’re subject to legislation that aims to ensure fair competition, consumer protection and food safety.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Supermarkets & Grocery Stores in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Appealing to the cost-conscious consumer hits profit. Supermarkets are increasingly employing price-war tactics to grab hold of more of the market, to the detriment of profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Supermarkets & Grocery Stores in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.