PROSPECTS AND OPPORTUNITIES
Growth in sales to continue in the forecast period
Changing consumer behaviour has placed proximity shopping in the spotlight, with many Spanish shoppers making daily trips for convenience items. Convenience retailers are seeking to capture this ongoing demand by expanding their product lines and enhancing variety to attract a broader consumer base, which will support continued growth throughout the forecast period.
Highly saturated market and few options for growth in terms of outlets
Despite the positive outlook for sales, there is little scope for establishing new outlets due to the already high density of grocery stores in Spain. Future growth for convenience retail outlet numbers is likely to come from shifts among existing operators or consolidation through mergers and acquisitions, similar to Condis’ recent purchase of the regional brand Roges.
Increased offer in ready-to-eat food
Another form of diversification in convenience retail stores is the expansion of ready-to-eat product lines. Although Spain’s foodservice industry is well-developed for cultural reasons, the country’s unstable economic situation has led consumers to cut back on out-of-home dining, with many consumers now opting for cheaper ready-to-eat options from convenience retailers.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Spain 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 Spain, 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 Spain 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 Spain?
- Which are the leading retailers in Convenience Retailers in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Positive performance for convenience retailers in 2024
Repsol takes full control over Gepsevesa, while Spar continues to expand
Click-and-collect and delivery options are expanding as grocery e-commerce continues to rise
Growth in sales to continue in the forecast period
Highly saturated market and few options for growth in terms of outlets
Increased offer in ready-to-eat food
Retail in Spain - Industry Overview
Retail in 2024: The big picture
Online sales continue to grow, but consumers still value offline retail
Sustainability-focused development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
January sales
Summer sales
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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