Overview of Supermarket Chains in Sweden
Sweden’s supermarket industry is highly competitive, with several major players vying for market share. In this report, we will take a closer look at the top 10 supermarket chains in Sweden based on their market share, financial performance, and industry insights.
1. ICA Gruppen
Market Share:
ICA Gruppen is the largest supermarket chain in Sweden, holding a significant market share of around 36%. The company operates a network of ICA and ICA Nära stores across the country, offering a wide range of products from groceries to household items.
Financial Data:
In 2020, ICA Gruppen reported total sales of approximately 122 billion SEK, with a net profit of 3.9 billion SEK. The company’s strong financial performance is a testament to its leading position in the Swedish supermarket industry.
Industry Insights:
ICA Gruppen has been focusing on expanding its online presence and digital offerings to meet the changing consumer preferences. The company’s robust supply chain and efficient logistics have also contributed to its success in the market.
2. Coop Sverige
Market Share:
Coop Sverige is another major player in the Swedish supermarket industry, with a market share of around 20%. The company operates a network of Coop and Coop Nära stores, catering to a diverse customer base.
Financial Data:
In 2020, Coop Sverige reported total sales of approximately 50 billion SEK, with a net profit of 1.2 billion SEK. Despite facing tough competition, the company has managed to maintain a strong financial performance.
Industry Insights:
Coop Sverige has been focusing on sustainability and ethical sourcing practices to attract environmentally conscious consumers. The company’s emphasis on offering organic and locally sourced products has resonated well with customers.
3. Axfood AB
Market Share:
Axfood AB is a leading supermarket chain in Sweden, holding a market share of around 18%. The company operates a network of Willys and Hemköp stores, offering a wide range of affordable products to consumers.
Financial Data:
In 2020, Axfood AB reported total sales of approximately 45 billion SEK, with a net profit of 1.5 billion SEK. The company’s focus on cost efficiency and operational excellence has helped it maintain a competitive edge in the market.
Industry Insights:
Axfood AB has been investing in technology and innovation to streamline its operations and enhance the customer experience. The company’s loyalty program and personalized promotions have been successful in driving customer engagement.
4. Bergendahls Food AB
Market Share:
Bergendahls Food AB is a prominent supermarket chain in Sweden, with a market share of around 8%. The company operates a network of City Gross and Matrebellerna stores, offering a premium shopping experience to customers.
Financial Data:
In 2020, Bergendahls Food AB reported total sales of approximately 20 billion SEK, with a net profit of 800 million SEK. The company’s focus on quality and innovation has helped it attract a loyal customer base.
Industry Insights:
Bergendahls Food AB has been expanding its product offerings and introducing new concepts to meet the evolving needs of consumers. The company’s emphasis on fresh and high-quality products has set it apart from competitors.
5. Lidl Sverige
Market Share:
Lidl Sverige is a popular discount supermarket chain in Sweden, with a market share of around 5%. The company operates a network of Lidl stores, offering a wide range of budget-friendly products to customers.
Financial Data:
In 2020, Lidl Sverige reported total sales of approximately 12 billion SEK, with a net profit of 500 million SEK. The company’s focus on low prices and efficient operations has helped it gain traction in the market.
Industry Insights:
Lidl Sverige has been expanding its presence in Sweden and investing in store renovations to enhance the shopping experience for customers. The company’s commitment to offering quality products at affordable prices has resonated well with consumers.
6. Netto
Market Share:
Netto is a well-known supermarket chain in Sweden, with a market share of around 4%. The company operates a network of Netto stores, offering a mix of branded and private label products to customers.
Financial Data:
In 2020, Netto reported total sales of approximately 10 billion SEK, with a net profit of 400 million SEK. The company’s focus on competitive pricing and convenient locations has helped it attract a loyal customer base.
Industry Insights:
Netto has been focusing on expanding its product range and improving its store layout to create a more engaging shopping environment. The company’s promotional offers and discounts have been successful in driving foot traffic to its stores.
7. Hemköp
Market Share:
Hemköp is a popular supermarket chain in Sweden, with a market share of around 3%. The company operates a network of Hemköp stores, offering a wide range of fresh and high-quality products to customers.
Financial Data:
In 2020, Hemköp reported total sales of approximately 8 billion SEK, with a net profit of 300 million SEK. The company’s focus on customer service and product quality has helped it maintain a strong position in the market.
Industry Insights:
Hemköp has been investing in digital initiatives and omnichannel capabilities to meet the changing shopping habits of consumers. The company’s emphasis on sustainability and responsible sourcing practices has also been well-received by customers.
8. City Gross
Market Share:
City Gross is a well-established supermarket chain in Sweden, with a market share of around 2%. The company operates a network of City Gross stores, offering a wide selection of fresh and premium products to customers.
Financial Data:
In 2020, City Gross reported total sales of approximately 6 billion SEK, with a net profit of 250 million SEK. The company’s focus on product quality and customer satisfaction has helped it build a loyal customer base.
Industry Insights:
City Gross has been focusing on expanding its online presence and improving its delivery services to cater to the growing demand for e-commerce. The company’s emphasis on innovation and customer engagement has set it apart from competitors.
9. Willys
Market Share:
Willys is a popular discount supermarket chain in Sweden, with a market share of around 2%. The company operates a network of Willys stores, offering a wide range of affordable products to budget-conscious customers.
Financial Data:
In 2020, Willys reported total sales of approximately 5 billion SEK, with a net profit of 200 million SEK. The company’s focus on low prices and efficient operations has helped it attract a loyal customer base.
Industry Insights:
Willys has been investing in store renovations and expanding its product range to meet the changing needs of consumers. The company’s emphasis on value for money and customer convenience has helped it stay competitive in the market.
10. Matrebellerna
Market Share:
Matrebellerna is a niche supermarket chain in Sweden, with a market share of around 1%. The company operates a network of Matrebellerna stores, offering a unique shopping experience focused on sustainable and organic products.
Financial Data:
In 2020, Matrebellerna reported total sales of approximately 3 billion SEK, with a net profit of 150 million SEK. The company’s focus on ethical sourcing and environmental sustainability has resonated well with eco-conscious consumers.
Industry Insights:
Matrebellerna has been expanding its product offerings and introducing new initiatives to promote responsible consumption among customers. The company’s commitment to promoting local producers and reducing food waste has set it apart in the market.
Overall, the supermarket industry in Sweden is highly competitive, with a diverse range of players catering to different customer preferences. The top 10 supermarket chains highlighted in this report have managed to maintain their market share through a combination of strategic initiatives, strong financial performance, and a focus on customer satisfaction. As consumer demands continue to evolve, it will be interesting to see how these supermarket chains adapt and innovate to stay ahead in the market.
