Market shares of grocery trade groups in Finland 2019-2023

In 2023, two major retail chains, S group and K Group, held a total share of over 82 percent of the Finnish grocery trade market. The market share of S Group was approximately 48 percent, roughly 14 percent higher than the share of K Group. 

Two retailers dominate the Finnish grocery trade

The Finnish grocery trade is dominated by the two large retail chains S Group and K Group. S Group is a Finnish cooperative operating in the retail and service sector. The group consists of independent regional cooperatives and SOK Corporation. The SOK Corporation is owned by the cooperatives, and its subsidiaries. Finland is the main market of S Group, but it also has operations in the Baltic States. In the period from 2013 to 2023, S Group's revenue somewhat increased, reaching around 14.2 billion euros in 2023. 
The K Group, also known as Kesko in Finland, is a retailing conglomerate headquartered in Helsinki. Kesko operates in grocery, specialty goods, car, as well as building and technical trade. Over the period from 2013 to 2023, K Group's revenue increased by over 1.9 billion euros in total.

Lidl steadily increased its market share

  The German grocery retailer Lidl entered the Finnish grocery trade in 2002 and has managed to increase its market share since then to 9.8 percent as of 2022, making Lidl the third biggest retailer in grocery trade. With the increasing market share, the revenue of Lidl in Finland shows also an ongoing upward trend. The success of the company is also displayed in the rising number of Lidl stores across Finland.