PROSPECTS AND OPPORTUNITIES
Continued high competition expected, with sales remaining stable or declining slightly in the forecast period
Small local grocers will continue to operate in a highly competitive environment, with sales expected to remain stable or experience slight declines in the coming years. Consumers now have access to multiple retail formats, including discounters, hypermarkets, and convenience stores, all offering competitive pricing and proximity.
Small local grocers embrace technology through digital wallets and WhatsApp-based delivery services
To enhance customer service and remain competitive, small local grocers are expected to continue leveraging accessible and affordable technological solutions. The adoption of digital payment options, particularly debit and credit cards as well as digital wallets like Yape and Plin, has been a crucial factor in modernising their payment systems.
Rising crime remains a significant threat to the sustainability of small local grocers
The increase in criminal activity in Peru’s major cities poses a substantial risk to small local grocers. These businesses are particularly vulnerable to robberies, armed assaults, and extortion schemes, where criminals demand protection payments in exchange for allowing store owners to operate without fear of violent reprisals.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Peru 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 Peru, 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 Peru 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 Peru?
- Which are the leading retailers in Small Local Grocers in Peru?
- 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 Peru - Category analysis
KEY DATA FINDINGS
Small local grocers remain the dominant retail channel, but sales decline slightly due to competition and security concerns
Discounters and convenience stores are the primary competitors for small local grocers due to their strategic expansion and pricing strategies
Support from major suppliers helps small local grocers improve stock management and competitiveness
Continued high competition expected, with sales remaining stable or declining slightly in the forecast period
Small local grocers embrace technology through digital wallets and WhatsApp-based delivery services
Rising crime remains a significant threat to the sustainability of small local grocers
Retail in Peru - Industry Overview
Retail in 2024: The big picture
New store openings drive growth across multiple categories
E-commerce remains a key focus for retailers
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Mother´s Day
Father´s Day
Children´s Day
National Holidays of Peru
Back to school
Valentine´s 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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