$131.7bn
$X.Xbn
440k
2,267
$XX.Xbn
Price dynamics have played a big part in supermarket and grocery store performance in recent years. The continued expansion of Aldi and Costco has forced the two established industry giants, Woolworths and Coles, to remain price-competitive on the consumer front. To differentiate themselves from low-cost supermarkets, Coles and Woolworths have leant into attracting customers with improved store refurbishments and expanded online shopping capabilities. These supermarket giants are also relying on loyalty programs and promotions as deceptive discounting practices face heightened scrutiny from regulators. Coles and Woolworths have displayed interest in data analytics, strengthening their relationships with analytics firms like Palantir to optimise their marketing and operational processes.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $131.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Woolworths | 50,353.3 | |
Coles | 38,146.2 | |
Aldi | 11,294.4 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Dry and packaged foods, Bread and bakery products and Meat products. Dry and packaged foods is the largest segment of the Supermarkets and Grocery Stores in Australia.
Strong export demand for Australian Meat products has boosted domestic prices back home
Supermarkets and grocery stores retail a range of groceries and food products, including fruit and vegetables, bread, cigarettes, canned goods, toiletries, dairy goods, delicatessen items and cleaning goods. Specialist retailers, niche retailers and convenience stores are excluded from the industry.
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ANZSIC 4110 - Supermarkets and Grocery Stores in Australia
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Emphasis on big-data analytics has sustained the wage costs of larger supermarkets. This has come despite the wider use of automation instore to push down labour activity.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Supermarkets and Grocery Stores industry in Australia is $131.7bn in 2024.
There are 2,267 businesses in the Supermarkets and Grocery Stores industry in Australia, which has grown at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Supermarkets and Grocery Stores industry in Australia has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Supermarkets and Grocery Stores industry in Australia is expected to grow.
The biggest companies operating in the Supermarkets and Grocery Stores market in Australia are Woolworths, Coles and Aldi
Dry and packaged foods and Bread and bakery products are part of the Supermarkets and Grocery Stores industry.
The company holding the most market share in Australia is Woolworths.
The level of competition is high and increasing in the Supermarkets and Grocery Stores industry in Australia.