PROSPECTS AND OPPORTUNITIES
Convenience retailers shows signs of maturity
While convenience retailers is expected to continue to grow across both formats, there are signs of increasing maturity for this channel in the local market. This could lead to a slowdown or even reduction of new outlet openings over the forecast period, showing that while there is still growth opportunity, the leading competitive positions are occupied, and independent players are set to remain limited.
Convenience stores set to ease standalone openings
While traditional brands of convenience stores will likely continue to invest in standalone locations, it appears that this type of activity could slow in the coming years, especially as OXXO and Spacio 1 opened strongly in 2023 and 2024, consolidating their strength in the channel. It is clear that these chains have capitalised on their strong points - OXXO on its vast knowledge of the channel, and Spid on the ample product catalogue and industry relationships achieved through the support of Cencosud Supermercado over the years.
Use of technology and leveraging of loyalty programmes lags
While many convenience retailers will continue to innovate in terms of location, technology is likely to remain behind developments by competing channels. Automatization and greater use of “pay as you go” features are still in the initial stages, with Copec one of the most advanced in this regard.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Chile report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Chile?
- Which are the leading retailers in Convenience Retailers in Chile?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Chile - Category analysis
KEY DATA FINDINGS
Channel continues on its positive growth trajectory
Copec remains leader of forecourt retailers as it focuses on innovation in foodservice
Aramco enters the local market
Convenience retailers shows signs of maturity
Convenience stores set to ease standalone openings
Use of technology and leveraging of loyalty programmes lags
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence Day
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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