{"id":53805,"date":"2024-12-22T09:00:00","date_gmt":"2024-12-22T08:00:00","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=53805"},"modified":"2024-12-22T00:00:10","modified_gmt":"2024-12-21T23:00:10","slug":"supermarket-market-key-trends-2024","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2024\/12\/22\/supermarket-market-key-trends-2024\/","title":{"rendered":"Supermarket market key trends 2024"},"content":{"rendered":"\n<p>The supermarket market in Spain has undergone significant transformations in recent years, driven by both technology and changes in consumer habits. From an <strong>increase in the demand for organic and private label products to the use of artificial intelligence<\/strong> in inventory management, the sector faces new needs and advancements.<\/p>\n\n\n\n<p>The supermarket landscape in Spain in 2024 anticipates the <strong>expansion of major chains,<\/strong> supported by omnichannel strategies, while maintaining investor appeal due to the defensive profile of these assets. Below, we analyze the main trends and growth drivers in the sector for this year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Private label expansion and new consumer preferences<\/strong><\/h2>\n\n\n\n<p>Private labels have gained significant ground in Spain, reflecting a <strong>consumption trend driven by the desire to save.<\/strong> Promotions and discounts have increased to attract increasingly budget-conscious consumers. In this context, private label products represent <a href=\"https:\/\/www.eleconomista.es\/retail-consumo\/noticias\/12947853\/08\/24\/los-fabricantes-lideres-de-alimentacion-solo-producen-un-54-de-las-marcas-blancas-en-espana.html\" target=\"_blank\" rel=\"noreferrer noopener\">81.9% of Lidl&#8217;s total<\/a> offerings and account for 74.5% of Mercadona&#8217;s business through its Hacendado brand, with both chains capturing one-third of the Spanish market. This model is also key for Aldi, with a 61.1% share of private labels, and Dia, where it reaches 56.3%.<\/p>\n\n\n\n<p>On the other hand, organic foods, though more expensive, have shown surprising resilience, indicating that consumers value sustainability even in the face of rising prices. Likewise, omnichannel strategies have been consolidated in the sector, with supermarkets offering both <strong>in-store and digital options.<\/strong> Payment methods have also diversified: deferred payment options, increasingly popular, allow consumers to better manage their budgets and access essential products without compromising immediate liquidity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Innovation and technology: AI and efficient distribution<\/strong><\/h2>\n\n\n\n<p>According to data collected by Savills, <a href=\"https:\/\/www.savills.es\/research_articles\/264033\/366928-0\" target=\"_blank\" rel=\"noreferrer noopener\">artificial intelligence<\/a> is transforming internal supermarket operations, <strong>optimizing inventory management and improving the personalization of offers<\/strong> to align with individual preferences. This use of AI enables demand forecasting and real-time stock adjustment, minimizing waste and reducing operational costs.<\/p>\n\n\n\n<p>At the same time, physical stores are being used as pick-up points for online orders, and <strong>collaborative delivery services are gaining importance.<\/strong> This combination of strategies not only improves logistical efficiency but also helps reduce the sector&#8217;s carbon footprint.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Physical spaces: fewer stores, larger surface areas<\/strong><\/h2>\n\n\n\n<p>The sector has adjusted its physical business model: while the total surface area dedicated to food has increased by 7% compared to 2019, <strong>the number of establishments <a href=\"https:\/\/www.savills.es\/research_articles\/264033\/366928-0\" target=\"_blank\" rel=\"noreferrer noopener\">has decreased by 4%<\/a>.<\/strong> This reflects an optimization of space, concentrating a greater variety of products in larger stores rather than multiplying points of sale. Currently, the average supermarket density in Spain is 358 m\u00b2 per 1,000 inhabitants and five establishments per 10,000 people.<\/p>\n\n\n\n<p>Locations in high tourist traffic areas or affluent regions can command rents of up to \u20ac18\/m\u00b2 per month, while the average remains around \u20ac9\/m\u00b2. <strong>These attractive rents are another incentive for investors to maintain their interest in this segment,<\/strong> which enjoys high stability and demand.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Expansion of major chains and investment opportunities<\/h2>\n\n\n\n<p><strong>Mercadona continues to lead the market, with a 29% sales share,<\/strong> focusing its expansion plans on Portugal while modernizing its stores in Spain. Additionally, major chains are investing in opening new locations or acquiring supermarket portfolios, though the limited availability of portfolios for sale has slowed some operations.<\/p>\n\n\n\n<p>These assets remain attractive to investors. In many cases, they offer returns higher than those provided by residential investments. According to the real estate portal <a href=\"https:\/\/www.idealista.com\/news\/inmobiliario\/vivienda\/2024\/01\/08\/810239-la-rentabilidad-de-la-vivienda-se-reduce-minimamente-hasta-el-7-1-en-2023\" target=\"_blank\" rel=\"noreferrer noopener\">Idealista<\/a>, commercial properties are <strong>the most profitable asset in nearly all Spanish capitals, with an <a href=\"https:\/\/blog.urbanitae.com\/2024\/04\/16\/supermercados-el-segmento-del-retail-preferido-por-los-inversores\/?utm_source=blog_en&amp;utm_medium=organic&amp;utm_campaign=urbanitae_blog_1224&amp;utm_term=average_yield&amp;utm_content=en_mercado_supermercados_2024\" target=\"_blank\" rel=\"noreferrer noopener\">average yield of 9.9%<\/a>,<\/strong> compared to 7.1% for residential properties.<\/p>\n\n\n\n<p>In conclusion, the supermarket market in 2024 reflects a <strong>continuous adaptation to consumer changes and technological opportunities,<\/strong> consolidating its relevance as an investment opportunity. With the expansion of private labels, omnichannel strategies, and AI usage, supermarkets are redefining their operating models to remain competitive and aligned with new needs. For investors, the sector offers a moderate risk profile and promises stability, making it an ideal alternative in an economic environment that favors low-volatility assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The supermarket landscape in Spain in 2024 foresees the expansion of large chains, supported by omnichannel growth strategies.<\/p>\n","protected":false},"author":1,"featured_media":54029,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1686,1027],"tags":[],"class_list":["post-53805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immobilieninvestition-de","category-real-estate-investment-en"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Supermarket market key trends 2024 - Urbanitae Blog<\/title>\n<meta name=\"description\" content=\"The supermarket market in Spain has undergone significant transformations, driven both by technology and changing consumer habits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.urbanitae.com\/en\/2024\/12\/22\/supermarket-market-key-trends-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supermarket Market: Private Label Expansion\" \/>\n<meta property=\"og:description\" content=\"Promotions and discounts have increased to attract increasingly budget-conscious consumers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.urbanitae.com\/en\/2024\/12\/22\/supermarket-market-key-trends-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Urbanitae Blog | The best real estate investment news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/urbanitae\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-22T08:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.urbanitae.com\/wp-content\/uploads\/2024\/12\/mercado-supermercados-2024.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"735\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Equipo Urbanitae\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@urbanitae\" \/>\n<meta name=\"twitter:site\" content=\"@urbanitae\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equipo Urbanitae\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/\"},\"author\":{\"name\":\"Equipo Urbanitae\",\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/#\\\/schema\\\/person\\\/e7b2d152f5654066832c53f5aa04fbf7\"},\"headline\":\"Supermarket market key trends 2024\",\"datePublished\":\"2024-12-22T08:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/\"},\"wordCount\":631,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.urbanitae.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/mercado-supermercados-2024.webp\",\"articleSection\":[\"Immobilieninvestition\",\"Real estate investment\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/\",\"url\":\"https:\\\/\\\/blog.urbanitae.com\\\/en\\\/2024\\\/12\\\/22\\\/supermarket-market-key-trends-2024\\\/\",\"name\":\"Supermarket market key trends 2024 - 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Supermarket market key trends 2024. Cl\u00e9s du march\u00e9 des supermarch\u00e9s 2024. Schl\u00fcssel des supermarktes marktes 2024. Chiavi del mercato dei supermercati 2024. 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