PROSPECTS AND OPPORTUNITIES
Small local grocers value sales to keep declining
Amid strong competition from other grocery retailing channels it is projected that small local grocers will continue to struggle with value sales through the channel set to continue declining (at constant 2024 prices). Indeed, the continuous development of foods e-commerce on one side, and the expected growth and expansion of supermarkets on other, are likely to affect negatively the channel’s performance over the forecast period.
Pressure on profit margins and increasing competition likely to result in more store closures
While pressure on consumer purchasing power is set to progressively wane over the forecast period, pressure on profit margins for small local grocers is likely to remain high. This is due to the inability of small independent operators to create economies of scale, elevated operating costs (such as high energy prices), and the strong price competition from other channels.
Small local grocers could find success by focusing on health and wellness products
As the economic context improves and consumer demands shift back towards premium, high quality products, there should be opportunities for growth for players focusing on high-end grocery products, but especially those with a clear and strong health and wellness positioning. Indeed, consumer awareness of the benefits of functional food and beverages is likely to increase significantly over the forecast period and players such as Holland & Barret are set to benefit from this trend.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Belgium 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 Small Local Grocers industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Small Local Grocers in Belgium 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 Small Local Grocers in Belgium?
- Which are the leading retailers in Small Local Grocers in Belgium?
- 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?
Small Local Grocers in Belgium - Category analysis
KEY DATA FINDINGS
Small local grocers face strong competition from convenience stores and supermarkets
Some independent players struggle to overcome financial challenges resulting in store closures
Holland & Barrett wins shares
Small local grocers value sales to keep declining
Pressure on profit margins and increasing competition likely to result in more store closures
Small local grocers could find success by focusing on health and wellness products
Retail in Belgium - Industry Overview
Retail in 2024: The big picture
Retailer profit margins under pressure
Online retail continued to gain share in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back To School
DISCLAIMER
Small Local Grocers
Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.
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 Small Local Grocers research and analysis database.
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