PROSPECTS AND OPPORTUNITIES
More of a focus on speciality and other niches in order to remain competitive
The outlook for small local grocers is gloomy, with decreases projected in both retail value (constant 2024 prices) sales and the number of outlets through the forecast period. In the short to medium term, more small local grocers are expected to look to carve out niches to remain competitive.
Adapting to digital trends to grow in importance as a strategy
The anticipated continued rise of e-commerce in grocery retailing in Canada is only likely to push small local grocers to further integrate digital solutions into their operations. Small local grocers that can afford to invest in online ordering and delivery services, including curbside pick-up, will be better able to cater to consumers who increasingly expect convenience in their grocery shopping experience.
Challenges in competing on price and variety
Small local grocers are expected to continue to face difficulties in competing with the aggressive pricing policies and broad assortments offered by major modern grocery chains, especially supermarkets, hypermarkets and discounters. To succeed, small local grocers will need to focus on their perceived strengths, such as proximity, exceptional customer service, personalised product recommendations and strong connections to local suppliers.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Canada 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 Canada, 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 Canada 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 Canada?
- Which are the leading retailers in Small Local Grocers in Canada?
- 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 Canada - Category analysis
KEY DATA FINDINGS
Small local grocers struggle amid strong competition
Local and organic products act as points of differentiation
The adoption of digitalisation and e-commerce gains momentum among small local grocers
More of a focus on speciality and other niches in order to remain competitive
Adapting to digital trends to grow in importance as a strategy
Challenges in competing on price and variety
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
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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