Hypermarket Market Size (2024 - 2029)

Hypermarket Market Analysis

The Hypermarket Market size is estimated at USD 774.27 billion in 2024, and is expected to reach USD 876.03 billion by 2029, growing at a CAGR of 2.5% during the forecast period (2024-2029).

A hypermarket is a store that consists of supermarkets as well as department stores, with a wide range of products available under one roof. Hypermarkets can be found in urban as well as less-populated areas. Canada, Europe, Japan, the United States, and Australia were among the countries where the concept of hypermarkets was initially established and expanded globally. Hypermarkets in their global expansion are facing disruptions from e-commerce, which is leading to some developing countries omitting the hypermarket stage and jumping to e-commerce.

With the advent of COVID-19, as restrictions came into place and access to hypermarkets became difficult, the retail solution arrived with online ordering and delivery of products ranging from groceries to luxuries. This trend led to hypermarkets changing their business model by including online delivery services and opening new stores in Tier 2 and Tier 3 cities. Even on the consumer side, people moved away from small baskets from different stores to much bigger baskets purchased infrequently from one store. This created an opportunity for hypermarkets to expand their digital as well as offline services.

As the world has recovered from the pandemic, there was a surge in demand for non-food categories, which made available in hypermarkets with the space occupied by them included as a sunk cost for retailers. Through a huge shift to online, this is causing disruptions for hypermarket stores as products are available in variety as well as at a discount through online channels. This requires hypermarkets to review their business models as well as their sustainability.

Hypermarket Industry Segmentation

A hypermarket is a retail store combining a department store and a grocery supermarket. They offer a variety of products, ranging from appliances to groceries. The global hypermarket market is segmented by ownership (retail chain, independent retailer), by application (consumer electronics, furniture, food and beverage, toys and stationery, personal care, cosmetics, home textiles, dresses, other applications), and by region (Asia Pacific, Europe, North America, South America, the Middle East, and Africa). The report offers market size and forecasts for the global hypermarket market in volume (number of stores) and value (USD million) for all the above segments.