PROSPECTS AND OPPORTUNITIES
Hypermarkets likely to continue to seek growth through specialised stores
Despite a return to marginal growth in outlet numbers, the current value sales of hypermarkets in South Korea are expected to decline over the forecast period. In an effort to overcome challenges in the offline retail market, hypermarkets are increasingly focusing on specialised stores to try and establish unique competitive advantages.
Expansion of private label products anticipated in hypermarkets
As high inflation and economic downturn have persisted, consumers have increasingly been turning to recession-driven consumption. Major hypermarkets have therefore entered into price competition, focusing on lowering the prices of essential grocery items.
More hypermarkets expected to offer quick commerce
E-Mart has launched a service that delivers products, including sushi and pork belly, within one hour of ordering. E-Mart opened stores on the Baemin (Baedal Minjok) delivery app at certain locations, allowing consumers to order E-Mart products and receive them within an hour.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Hypermarkets industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hypermarkets industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hypermarkets in South Korea report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hypermarkets in South Korea?
- Which are the leading retailers in Hypermarkets in South Korea?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Hypermarkets in South Korea - Category analysis
KEY DATA FINDINGS
Hypermarkets have challenges achieving notable revenue growth
The biggest players (E-mart, Lotte Mart, and Homeplus) open no new outlets in 2024
Regulations hinder the growth of hypermarkets
Hypermarkets likely to continue to seek growth through specialised stores
Expansion of private label products anticipated in hypermarkets
More hypermarkets expected to offer quick commerce
Retail in South Korea - Industry Overview
Retail in 2024: The big picture
Competition for fast delivery in South Korea
Convenience stores are evolving into lifestyle platforms
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Summer Sale
Black Friday/Korea Sale Festa
DISCLAIMER
Hypermarkets
Hypermarkets are chained or independent retail outlets with a selling space of over 2,500 square metres and with a focus on selling both grocery and non-grocery merchandise. Hypermarkets are frequently located on out-of-town sites with large parking lots or as the anchor store in a shopping centre. Example brands include Carrefour, E Leclerc, and Walmart Supercenter.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hypermarkets research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!