PROSPECTS AND OPPORTUNITIES
The boundaries between convenience stores, supermarkets, and hypermarkets blur
The boundaries between convenience stores, supermarkets, and hypermarkets have become increasingly blurred in Taiwan, with this trend expected to continue. It is increasingly evident that convenience stores are moving towards a supermarket-style format, and supermarkets are moving towards a more convenience-oriented channel.
Costco dominates large size format as others shift to smaller formats
Following a series of consolidations in hypermarkets and warehouse clubs, Costco, the American warehouse club, reclaimed full ownership of its Taiwan business by repurchasing shares held by President Group in July 2022. Subsequently, PX Mart acquired RT Mart in July 2023 with approval from the Taiwan Fair Trade Commission, while Uni-President Enterprises Corp then acquired Carrefour.
Costco set to expand further over the forecast period
Costco has also announced ambitious plans for future expansion, stating an intention to open stores in every county and city across Taiwan. However, the company faces significant challenges, particularly regarding land acquisition.
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Overview:
Understand the latest market trends and future growth opportunities for the Hypermarkets industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading retailers in Hypermarkets in Taiwan?
- 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 Taiwan - Category analysis
KEY DATA FINDINGS
RT Mart focuses on online sales and delivery platforms expansion
A.mart expands smaller formats
Carrefour uses an expansion strategy for its hypermarkets
The boundaries between convenience stores, supermarkets, and hypermarkets blur
Costco dominates large size format as others shift to smaller formats
Costco set to expand further over the forecast period
Retail in Taiwan - Industry Overview
Retail in 2024: The big picture
Competitive landscape in Taiwan: Key players and trends
Innovative business models in retail strengthen brand competitiveness
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
End of Year Cleaning
Double 11 Shopping Day
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.
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