PROSPECTS AND OPPORTUNITIES
Convenience retailers anticipated to see further growth as key players focus on widening accessibility
Convenience retailers in the Philippines will continue to see vibrant growth during the forecast period, with new store openings being a key driver of this trend. Key players, such as Alfamart and 7-Eleven, will focus on expanding their respective footprints into previously underserved areas, in a bid to make essential goods more easily accessible to a wider segment of the population.
Differentiation will become more pronounced
While 7-Eleven and Alfamart continue to expand, improving the accessibility of convenience stores across the Philippines, consumers are now seeking more distinct and engaging retail experiences. The growing saturation of generic convenience stores has heightened the need for differentiation, pushing retailers to innovate beyond mere accessibility.
Forecourt retailers poised for growth amid rising car ownership
With car ownership expected to increase in the forecast period, forecourt retailers are set to experience steady revenue growth. Easier access to auto financing and financial services is making vehicle ownership more attainable, leading to a higher volume of cars on the road.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading retailers in Convenience Retailers in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Convenience store players continue with their expansion plans in 2024
Philippine Seven Corp maintains its dominance
Rise of Korean-themed convenience stores
Convenience retailers anticipated to see further growth as key players focus on widening accessibility
Differentiation will become more pronounced
Forecourt retailers poised for growth amid rising car ownership
Retail in the Philippines - Industry Overview
Retail in 2024: The big picture
SM Retail maintained its dominance
Ongoing digitalisation of retail channels and payment methods
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
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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