Annual revenue of supermarket and grocery stores Australia 2004-2022

Annual revenue of the supermarket and grocery store retail industry in Australia grew year-on-year between 2004 and 2022, with a notable jump recorded from 2021 to 2022. In 2022, revenue reached almost 132 billion Australian dollars, more than double the value recorded for the industry in 2004.

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 – Woolworths Group and Coles Group. New South Wales and Victoria, Australia’s two most populous states, are home to the greatestnumber 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 shoppers experience while shopping in Australia may also drive shoppers to switch supermarkets.