PROSPECTS AND OPPORTUNITIES
Convenience retailers to maintain solid growth trajectory
Economic uncertainty is expected to challenge consumer confidence at the start of the forecast period due to cost of living pressures. Nonetheless, convenience is anticipated to remain a strong driver in retailing and should urge local consumers to visit smaller retail formats closer to their home.
Foodservice and packaged beverages to support growth of convenience retailers
Consumers seeking a quick and relatively cheap lunch appreciate the foodservice offerings provided by convenience retailers. In view of this fact, further expansion of on-the-go food offerings, sandwiches, wraps and pastries that are ready for consumption, is anticipated.
Digital transformation is key to expanding customer base
Digital retail developments will enhance the positioning of convenience retailers over the forecast period. OXXO is planning to launch its digital platforms in 2025 in a bid to widen its reach in Colombia.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Convenience Retailers in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Store expansion boosts convenience retailers
Almacenes Éxito SA loses share as express formats come under pressure
Online grocery retailer Merqueo seeks to capitalise on dynamism in convenience retailers
Convenience retailers to maintain solid growth trajectory
Foodservice and packaged beverages to support growth of convenience retailers
Digital transformation is key to expanding customer base
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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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