PROSPECTS AND OPPORTUNITIES
Mexican government will determine the future of small local grocers
Despite the challenges facing the channel, small local grocers is set to maintain slow growth in outlet numbers and current value sales in Mexico during the forecast period. Meanwhile, the government’s food security agency, Segalmex, will have to be restructured after an investigation launched in 2020 revealed that the agency had misappropriated funds.
Small local grocers will continue to play a key role despite expansion of modern channels
Although current value growth is expected for small local grocers in the forecast period, the rate of increase is set to be relatively low compared. The mature nature of the channel and a lack of innovation will limit expansion.
More stores will partner with delivery apps and expand into e-commerce
One strategy that traditional grocery retailers are likely to pursue as they seek to better compete with modern grocery retailers – especially convenience stores - is to offer a wider range of services to consumers in order to boost footfall to their stores. For example, several fintech companies, such as Yastas, for example, have tried to help small local grocers to offer banking services - something that many convenience stores already do.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Mexico 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 Mexico, 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 Mexico 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 Mexico?
- Which are the leading retailers in Small Local Grocers in Mexico?
- 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 Mexico - Category analysis
KEY DATA FINDINGS
Development in modern grocery channels negatively impacts small local grocers
Segalmex continues to lead a highly fragmented channel
Small local grocers play a key role in the Mexican economy
Mexican government will determine the future of small local grocers
Small local grocers will continue to play a key role despite expansion of modern channels
More stores will partner with delivery apps and expand into e-commerce
Retail in Mexico - Industry Overview
Retail in 2024: The big picture
Artificial intelligence spearheads innovation in Mexico’s retail landscape
Investing in omnichannel capabilities is key for success
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
Hot Sale
Buen Fin
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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