PROSPECTS AND OPPORTUNITIES
Increasing competition from convenience sections in other modern grocery channels expected
As other modern grocery retailers increasingly focus on convenience offerings and introduce specific convenience sections with food and beverages for consumers on-the-go, competition for convenience retailers will increase. This heightened competition will likely suppress potential growth and result in the closure of some underperforming outlets, such as seen with the closure of some forecourt retailers under the OKQ8 (OK-Q8 AB) and Circle K (Circle K Sverige AB) brands.
Health and wellness trends will inspire expanded and specific product selections
As the health and wellness trend continues in Sweden, consumers are also becoming increasingly demanding when it comes to healthy on-the-go meals and snacks. Therefore, convenience retailers are expected to focus more on healthy offerings over the forecast period.
Convenience players will invest further in delivery options
As food and grocery delivery services continue to grow over the forecast period, convenience stores are also expected to further embrace this trend and use it to their advantage. Players such as ICA Nära and 7-Eleven already offer delivery through platforms like Wolt and Uber Eats, and it is likely that convenience sales through these platforms will continue to grow.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Sweden 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 Sweden, 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 Sweden 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 Sweden?
- Which are the leading retailers in Convenience Retailers in Sweden?
- 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 Sweden - Category analysis
KEY DATA FINDINGS
Convenience retailers benefit from on-the-go activities and stronger spending power
ICA Sverige maintains its lead, thanks to ongoing developments and strength of its franchise model
Leading forecourt retailers close outlets due to a decline in visitation
Increasing competition from convenience sections in other modern grocery channels expected
Health and wellness trends will inspire expanded and specific product selections
Convenience players will invest further in delivery options
Retail in Sweden - Industry Overview
Retail in 2024: The big picture
Retail e-commerce returns to stronger sales after its previous slump
Polarisation between premium and budget options
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Black Friday/Black Week
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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