PROSPECTS AND OPPORTUNITIES
Small local grocers set to struggle over the forecast period
While operators of small local grocers will attempt to survive over the forecast period, the channel is expected to further struggle, especially in the face of growth by modern channels and consumers’ increasing preference for these alternative outlets. The reality is that prices are often higher in small local grocers, for both consumers and owners, making it difficult to compete with the offers of large channels, especially as they continue to invest in private label and loyalty propositions that increase value for money in the eyes of consumers.
Growth of discounters could prove complicated for small local grocers
Over the forecast period, small local grocers could experience intense competition from discounters. InRetail, the Peruvian operator of discounters that purchased Erbi, a Chilean discounter, could look to expand the brand in a similar way to how it has already grown the Mass banner in Peru, with strong outlet openings and attractive prices.
Channel can remain relevant by offering additional services
Small local grocers play a key role in helping to reduce the number of food deserts in Chile, especially in more rural areas, where these outlets act as the only source of staples and other foods for neighbourhoods. Quite often, they also help serve communities that have limited access to varied services.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Chile 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 Chile, 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 Chile 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 Chile?
- Which are the leading retailers in Small Local Grocers in Chile?
- 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 Chile - Category analysis
KEY DATA FINDINGS
Value sales of small local grocers continue to recover, while outlet decline slows
Personal relationships with customers remain key element differentiating small local grocers from competitors
Expansion and innovation limited by issues in accessing funds
Small local grocers set to struggle over the forecast period
Growth of discounters could prove complicated for small local grocers
Channel can remain relevant by offering additional services
Retail in Chile - Industry Overview
Retail in 2024: The big picture
E-commerce goes from strength to strength in Chile
Informality and insecurity still top-of-mind issues for retailers and consumers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas and New Year
Back to School
Independence 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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