Supermarkets are consolidating their lead in Spain’s grocery market, accounting for over 65% of family meals consumption, whereas hypermarkets proceed to say no.
Analysis by Spanish consultancy Solunion has revealed that hypermarket meals gross sales quantity dropped 3% in 2024, and new retailer openings favour smaller, extra handy codecs.
Hypermarket retail house progress has considerably lagged total retail house progress in Spain, and hypermarket house decreased barely in 2024, accounting for about 12% of the nation’s retail space in comparison with 86% for supermarkets and self-service shops.
Hypermarket relevance in Spanish family meals spending has declined since 2021 to 12.70% of spending, whereas supermarkets (together with low cost shops) have gained market share, reaching 67.20%.
In 2023, hypermarket quantity (-3.0%) and turnover (-0.3%) decreased, whereas grocery store quantity (+1.2%) and low cost retailer quantity (+3.8%) grew.
Shifting client preferences for native, frequent purchases with decrease common spending negatively affect hypermarkets.
Different Findings
Spain’s 10 greatest meals retailers dedicate roughly 15% of their retailer house to hypermarkets, which has similarities to the hypermarket format’s total market share of 12% nationwide.
A lower in hypermarket retail house and gross sales quantity is projected for 2025.
E-commerce presents a progress alternative for retailers, particularly in non-food, but in addition poses a risk to smaller companies.
In meals retail, e-commerce accounted for two.2% of gross sales in 2024, the identical as in 2023, with recent produce representing 1.2% of on-line purchases.
In non-food retail, clothes accounted for five.3% of e-commerce transactions, highlighting its significance within the on-line house.
The retail sector has the third-highest variety of insolvencies in Spain, with non-food retail experiencing increased default charges than meals retail, which noticed a adverse pattern in 2025 with almost 120 insolvencies.
Knowledge via Could 2025 suggests a extra constructive pattern with fewer insolvencies in comparison with 2023 and 2024.
Financial Context
Non-public consumption progress in Spain slowed within the first quarter of 2025 however stays constructive, pushed by a dynamic labour market.
Family meals consumption grew in worth in 2024 however decreased barely in quantity. Spanish households are rising their financial savings as a consequence of world uncertainty.
Inflation and wage progress stay comparatively secure. Wage progress, whereas average, is bettering family buying energy.
The Spanish economic system is projected to develop 2.4% in 2025, however world uncertainty and US commerce insurance policies pose dangers.
Retail gross sales and employment proceed to develop, indicating a constructive pattern within the sector total.
