Save More Supermarket was the leading supermarket in the Philippines in 2022 by the number of stores. The supermarket chain is owned and operated by SM Retail, part of a collection of stores called SM Markets. Robinsons Supermarket took second place, with 145 stores nationwide.
SM Retail – more information
SM Investments Corporation is a conglomerate in the Philippines that delves into retail and residential real estate development, banking, and tourism. The company has successfully imprinted its presence in the retail segment with successful brands, specifically, SM Markets, which include leading supermarket brands SM Supermarket and Savemore. Aside from having the highest number of stores, both food retail chains were among the leading supermarkets in the Philippines in terms of retail sales value.
Food retail
Food is a basic commodity that consumers spend the most on. In 2022, Filipino household spending on food reflected year-on-year growth over the last six years, even during the pandemic years. With the growth of food retailing, food manufacturers in the country are taking advantage of this opportunity. Addressing the demand of the consumers by observing the consumption behavior brought a rise in value-added generated from food manufacturing in 2022.
