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Grocery retail spending in Australia during 2019 was dominated by two home grown retail companies; Woolworths Group and Coles Group, both of whom recognized consumer spending of around ** billion Australian dollars apiece. The retailer who took the third highest share of retail spending was German company Aldi, a relative newcomer to the Aussie retail market.
The wider retail industry picture
In 2018, Australian supermarkets recognized total sales revenue of just under ** million Australian dollars, an increase from the previous financial year, and a continuation of a year on year increase in revenues. In the same year, supermarket and grocery industry turnover was around *** billion Australian dollars; and again this represents an increase from the previous financial year and a continued year on year upward trend.
Customer penetration and the online grocery market
The two largest domestic supermarket chains, Woolworths and Coles, had customer penetration of *** million and **** million households respectively in 2019. Aldi was the largest non-Australian retailer in terms of customer penetration, reaching **** million households in the same year. Customers are increasingly buying groceries online, particularly as a result of the 2020 coronavirus outbreak. Purchases of pasta increased by ** percent, egg buying by ** percent and canned meals by ** percent. In line with international panic buying as a result of the pandemic, Australians also bought just over ** percent more toilet roll as part of their online grocery shopping.