Top 10 Supermarket Chains in Norway by Market Share

Norway’s supermarket industry is highly competitive, with several major players vying for market share. In this report, we will delve into the top 10 supermarket chains in Norway based on their market share, financial performance, and industry insights.

1. NorgesGruppen

NorgesGruppen is the largest supermarket chain in Norway, holding a significant share of the market. The company operates various retail formats, including Meny, Kiwi, and Joker. NorgesGruppen’s strong presence in both urban and rural areas has contributed to its dominant position in the market.
Financial Data: NorgesGruppen reported a revenue of NOK 98.6 billion in 2020, showcasing its robust financial performance.
Industry Insights: The company’s focus on sustainability and local sourcing has resonated well with Norwegian consumers, giving it a competitive edge in the market.

2. Coop Norway

Coop Norway is another major player in the Norwegian supermarket industry, with a wide network of stores across the country. The cooperative structure of Coop Norway allows it to cater to the needs of local communities effectively.
Financial Data: Coop Norway recorded a revenue of NOK 59.3 billion in 2020, demonstrating its solid financial footing.
Industry Insights: Coop Norway’s emphasis on organic and locally produced goods has helped it attract environmentally conscious consumers and differentiate itself in the market.

3. REMA 1000

REMA 1000 is a popular supermarket chain known for its low prices and convenient locations. The company has a strong presence in Norway, with a focus on offering affordable and high-quality products to its customers.
Financial Data: REMA 1000 reported a revenue of NOK 68.7 billion in 2020, indicating its strong performance in the market.
Industry Insights: The company’s efficient supply chain and emphasis on cost-saving measures have helped it maintain competitive pricing, making it a preferred choice for budget-conscious shoppers.

4. Bunnpris

Bunnpris is a regional supermarket chain that has gained prominence in Norway for its focus on convenience and personalized service. The company operates a network of stores primarily in the central and northern regions of the country.
Financial Data: Bunnpris recorded a revenue of NOK 9.8 billion in 2020, reflecting its steady growth in the market.
Industry Insights: Bunnpris’s emphasis on local partnerships and community engagement has helped it build a loyal customer base and differentiate itself from larger competitors.

5. Spar

Spar is a global supermarket chain with a strong presence in Norway, offering a wide range of products and services to customers. The company’s focus on quality and customer service has contributed to its popularity among Norwegian consumers.
Financial Data: Spar reported a revenue of NOK 12.4 billion in 2020, showcasing its solid performance in the market.
Industry Insights: Spar’s global network and diverse product offerings have enabled it to cater to the diverse needs of Norwegian consumers, making it a preferred choice for many shoppers.

6. Europris

Europris is a discount retailer that offers a variety of products at affordable prices. The company operates a chain of stores across Norway, catering to budget-conscious consumers looking for value for money.
Financial Data: Europris recorded a revenue of NOK 5.7 billion in 2020, highlighting its position as a key player in the discount retail segment.
Industry Insights: Europris’s focus on offering a wide range of products at competitive prices has helped it attract price-sensitive customers and compete effectively in the market.

7. Joker

Joker is a convenience store chain that caters to the needs of customers looking for quick and easy shopping solutions. The company operates a network of stores in Norway, offering a selection of groceries, snacks, and household items.
Financial Data: Joker reported a revenue of NOK 3.2 billion in 2020, demonstrating its steady performance in the convenience store segment.
Industry Insights: Joker’s focus on convenience and accessibility has made it a popular choice for customers seeking quick and hassle-free shopping experiences, driving its success in the market.

8. Meny

Meny is a premium supermarket chain that offers high-quality products and a wide selection of gourmet items. The company caters to discerning customers looking for unique and specialty products, with a focus on freshness and innovation.
Financial Data: Meny recorded a revenue of NOK 8.9 billion in 2020, underscoring its position as a leading player in the premium supermarket segment.
Industry Insights: Meny’s emphasis on quality, variety, and culinary expertise has helped it attract affluent consumers seeking premium shopping experiences, setting it apart from other supermarket chains.

9. Kiwi

Kiwi is a discount supermarket chain known for its low prices and budget-friendly offerings. The company operates a network of stores across Norway, catering to price-sensitive customers looking for affordable grocery options.
Financial Data: Kiwi reported a revenue of NOK 29.6 billion in 2020, highlighting its strong performance in the discount retail segment.
Industry Insights: Kiwi’s focus on cost-effective pricing, efficient operations, and customer loyalty programs has helped it build a loyal customer base and compete effectively in the market.

10. Rimi

Rimi is a supermarket chain that offers a mix of value and quality products to customers. The company operates a network of stores in Norway, providing a range of groceries, household items, and personal care products.
Financial Data: Rimi recorded a revenue of NOK 5.1 billion in 2020, showcasing its position as a key player in the supermarket industry.
Industry Insights: Rimi’s focus on offering a diverse product range, competitive pricing, and promotional offers has helped it attract a broad customer base and maintain its relevance in the market.
In conclusion, the supermarket industry in Norway is characterized by intense competition and a diverse range of players catering to different customer segments. The top 10 supermarket chains in Norway each have their unique strengths and strategies that have contributed to their market share and success in the industry. By understanding the landscape of supermarket chains in Norway, businesses can better position themselves to compete and thrive in this dynamic market.