PROSPECTS AND OPPORTUNITIES
Small local grocers set to struggle over the forecast period
Although inflationary pressure is projected to ease in the coming years, price sensitivity is anticipated to remain a significant factor in consumers’ choices in terms of where to shop. The growing popularity of discounters and the improvement in private label quality will draw households away from small local grocers.
Small grocers will continue to play a key role in Colombia
The strong role of small grocers in communities and household’s reliance on these stores will ensure the ongoing importance of this channel. Consumers continue to value the immediacy of small local grocers and the broad variety of products in singular formats.
E-commerce may provide growth opportunities
Most small local grocers and foods/drink specialists in Colombia do not currently sell their products online, therefore e-commerce is an area that they are likely to develop over the next few years. Small grocery retailers could partner with online supermarkets or take advantage of government support and increase their participation in fairs and online events, such as those of the District Secretariat of Economic Development in Bogota.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Small Local Grocers in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Challenges posed by changing shopping behaviour
Tax on ultra-processed foods creates tough trading environment
Small local grocers are central part of retail landscape
Small local grocers set to struggle over the forecast period
Small grocers will continue to play a key role in Colombia
E-commerce may provide growth opportunities
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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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