Annual revenue of supermarkets and grocery stores Australia 2014-2023

The annual revenue of the supermarket and grocery store retail industry in Australia grew year-on-year between 2014 and 2023, with a notable jump recorded from 2022 to 2023. In 2023, revenue reached over 139 billion Australian dollars, over 40 billion Australian dollars more than the value recorded for the industry in 2014. 

Market share of grocery stores and supermarkets in Australia 

The market share of Australia’s supermarket and grocery retailers is dominated by two key players – the Woolworths Group and the Coles Group. New South Wales and Victoria, Australia’s two most populous states, are home to the greatest number of supermarkets in the country. There are, however, a wide range of other grocery stores in Australia, including German supermarket chain Aldi, and independently owned IGA stores.

Why do Australians shop where they shop?

Australian shoppers have indicated key drivers for remaining loyal to their supermarket of choice, with many naming pure convenience as a leading factor. Fittingly, a significant share of shoppers reported that they may change where they shop for groceries if a new or alternative supermarket becomes more convenient to them. Other frustrations grocery shoppers experience while shopping in Australia, such as items being sold out, may also drive shoppers to switch supermarkets.