PROSPECTS AND OPPORTUNITIES
Small local grocers face more challenges in upcoming years
Further decline is expected for small local grocers, with retail value sales and the number of outlets expected to contract over the next five years. Higher costs of living as well as the strong performance of supermarket retailers has made it challenging for small local grocers to maintain their share of customers.
Establishing emotional connections can help smaller groceries thrive
With larger corporations investing heavily in automation and trying to make the shopping experience as fast and convenient as possible, they are compromising on the emotional aspect of the business and its connection with customers. Small local grocers have an advantage in this regard given their smaller selling space and customer base, which enables them to establish meaningful connections with their customers.
Quality of produce and exclusive items may help channel stay competitive
While the forecast for small local grocers shows a decline, there are still some advantages for specialist players within this category. For example, Asian grocers stock many different types of produce and other items which are not so easily available through other retail channels.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in New Zealand 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 New Zealand, 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 New Zealand 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 New Zealand?
- Which are the leading retailers in Small Local Grocers in New Zealand?
- 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 New Zealand - Category analysis
KEY DATA FINDINGS
Local grocers struggle to compete due to inflationary pressures
Retail crime a concern for small businesses on top of rising costs
Asian supermarket Foodie opens in New Zealand
Small local grocers face more challenges in upcoming years
Establishing emotional connections can help smaller groceries thrive
Quality of produce and exclusive items may help channel stay competitive
Retail in New Zealand - Industry Overview
Retail in 2024: The big picture
Highly promotional retail environment
Retail crime on the rise amidst tough economic period
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
End of Financial Year Sale
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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