There will be a slowdown in growth in hypermarkets over the forecast period, compared with the review period. The channel is reaching saturation levels and as such hypermarkets will be one of the weaker performing grocery channels in terms of value growth.
The key drivers for hypermarkets’ success will be the enhancement of product diversity and quality and strategic promotional campaigns. Notably, the success of hypermarkets will hinge on distinct product portfolios, setting them apart from smaller formats.
Private label products have comprised most of the revenue for discounters like Bim and Sok for some time, but hypermarket retailers like Migros and Carrefour have also seen the sale of private label products surge, as consumers have become highly price sensitive, due to soaring inflation. Private label will continue to be important for hypermarkets over the forecast period and a perception by consumers that the quality of private label has improved, will also boost sales.
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Understand the latest market trends and future growth opportunities for the Hypermarkets industry in Turkey 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 Turkey, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Hypermarkets research and analysis database.
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