PROSPECTS AND OPPORTUNITIES
Sales are expected to be challenged by a rise in operational expenses and increased competition
Across the forecast period, retail sales for small local grocers are expected to decline, with a current value CAGR of -1% and a 2024 constant value CAGR of -3%. The ongoing economic uncertainty is anticipated to reduce consumer spending, which is likely to negatively affect these smaller retailers.
Sustainability initiatives and working with local communities could benefit small local grocers
For small local grocers, competing with larger grocery brands on product pricing has proven difficult, particularly given the aggressive strategies employed by discounters and other major grocery retailers. However, a potential strategy for these retailers could be sustainability, with a strong focus on product sustainability, quality, and sourcing.
Investments in omnichannel strategies may help small local grocers remain competitive
The retail landscape in Ireland will continue to evolve over the forecast period, with a significant shift towards retail e-commerce and digital solutions. The country's retail sector has demonstrated resilience and adaptability, with many retailers expanding their online presence in order to stay competitive.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Ireland 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 Ireland, 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 Ireland 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 Ireland?
- Which are the leading retailers in Small Local Grocers in Ireland?
- 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 Ireland - Category analysis
KEY DATA FINDINGS
Sales in small local grocers continue to struggle as other retailers offer competitive prices
Health food stores attract more attention as interest in wellbeing increases in Ireland
Holland and Barrett continues its expansion while introducing digital tools instore
Sales are expected to be challenged by a rise in operational expenses and increased competition
Sustainability initiatives and working with local communities could benefit small local grocers
Investments in omnichannel strategies may help small local grocers remain competitive
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
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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