The State of the Global Grocery Retail Industry in 2025
The grocery retail industry in Asia has been experiencing significant growth in recent years, with several key market players emerging as dominant forces in the region. In this report, we will explore the top 10 grocery retail chains in Asia, their market share, financials, volumes, and future plans.
1. Alibaba Group (China)
Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. The company operates several grocery retail chains, including Freshippo (also known as Hema) and Tmall Supermarket. In 2024, Alibaba reported a revenue of $95 billion from its grocery retail segment, making it one of the largest players in the industry.
2. Walmart (USA)
Walmart is an American multinational retail corporation that operates several grocery retail chains in Asia, including Walmart China and Sam’s Club. The company reported a revenue of $78 billion from its Asian operations in 2024, with a strong presence in countries like China, India, and Japan.
3. Aeon Co., Ltd. (Japan)
Aeon Co., Ltd. is a Japanese retail and financial services corporation that operates a chain of supermarkets, convenience stores, and shopping malls in Asia. The company reported a revenue of $45 billion from its grocery retail segment in 2024, with a focus on expanding its presence in Southeast Asia.
4. Tesco (UK)
Tesco is a British multinational grocery and general merchandise retailer that operates stores in several Asian countries, including Thailand and Malaysia. The company reported a revenue of $32 billion from its Asian operations in 2024, with plans to further expand its footprint in the region.
5. Carrefour (France)
Carrefour is a French multinational retail corporation that operates hypermarkets, supermarkets, and convenience stores in Asia. The company reported a revenue of $28 billion from its Asian operations in 2024, with a strong presence in countries like China, Taiwan, and Indonesia.
6. Lotte Mart (South Korea)
Lotte Mart is a South Korean retail company that operates a chain of supermarkets and hypermarkets in Asia. The company reported a revenue of $20 billion from its grocery retail segment in 2024, with a focus on expanding its presence in Vietnam and Indonesia.
7. Sun Art Retail Group (China)
Sun Art Retail Group is a Chinese retail company that operates hypermarkets and supermarkets under the Auchan and RT-Mart brands in Asia. The company reported a revenue of $18 billion from its Asian operations in 2024, with plans to open new stores in emerging markets like India and Bangladesh.
8. Dairy Farm International Holdings (Hong Kong)
Dairy Farm International Holdings is a Hong Kong-based retail company that operates supermarkets, convenience stores, and health and beauty stores in Asia. The company reported a revenue of $15 billion from its grocery retail segment in 2024, with a focus on digital transformation and omnichannel retailing.
9. CP ALL Public Company Limited (Thailand)
CP ALL Public Company Limited is a Thai retail company that operates convenience stores under the 7-Eleven brand in Asia. The company reported a revenue of $12 billion from its Asian operations in 2024, with plans to expand its store network in countries like Vietnam and the Philippines.
10. Woolworths Group (Australia)
Woolworths Group is an Australian retail company that operates supermarkets and convenience stores in Asia. The company reported a revenue of $10 billion from its Asian operations in 2024, with a focus on sustainability and community engagement initiatives.
In conclusion, the top 10 grocery retail chains in Asia are key market players driving the growth of the industry in the region. With strong financials, market share, and expansion plans, these companies are well-positioned to capitalize on the emerging trends and opportunities in the grocery retail sector. For more detailed information on the state of the global grocery retail industry in 2025, please visit CulinaryCoverage.com.
