Market share of selected grocery retailers in Sweden 2023
As of 2023, ICA Gruppen AB had, based on sales, a market share of about 50 percent in Sweden. It was ahead of Axfood, Coop, Lidl and City Gross. In 2021, the Swedish grocery retail group ICA operated almost 1.3 thousand stores in the country. Most of these stores were from the ICA Nära chain, followed by ICA Supermarket, ICA Kvantum and Maxi ICA Stormarknad.
Operating profit of ICA Sweden
In the period from 2014 to 2021, ICA’s operating profit fluctuated slightly. It reached its peak in 2020, with an operating profit of approximately 4.2 billion Swedish kronor.
Second largest player: Axfood Group
From 2012 to 2021, Axfood’s operating profit in Sweden increased constantly. The grocery retailer generated its highest operating profit by the end of this period, amounting to around 2.7 billion Swedish kronor.
