PROSPECTS AND OPPORTUNITIES
Competition from modern retail channels likely to challenge the growth of small local grocers
Modern grocery retailers will likely continue to undermine the growth of small local grocers over the forecast period as the demand for modern and convenient approaches to grocery shopping increases. However, small local grocers will likely remain a significant channel due to the proximity of these outlets in local neighbourhoods and the scope of their reach with outlets present in every corner of the country.
Small local grocers will have to reinvent themselves to remain relevant
Small local grocers will remain the weakest retail channel in the forecast period, as the Saudi government expands development, and more space is devoted to modern grocery outlets in line with its Vision 2030. This dynamic will lead to the persistent decline in outlets and selling space.
Technology will remain pivotal to compete
Technology is expected to become an integral part of small local grocers’ strategies to retain and grow its customer base. Unlike large retail chains, which can leverage their financial capability to improve the shoppers’ experience, small local grocers are likely to use digital technologies to improve back end business functionality.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Saudi Arabia 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 Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia?
- Which are the leading retailers in Small Local Grocers in Saudi Arabia?
- 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 Saudi Arabia - Category analysis
KEY DATA FINDINGS
Small local grocers remain relevant despite tough competition from modern channel
Players embrace technology to keep up with modern channel
Small local grocers required to meet new municipal conditions to obtain permit to operate
Competition from modern retail channels likely to challenge the growth of small local grocers
Small local grocers will have to reinvent themselves to remain relevant
Technology will remain pivotal to compete
Retail in Saudi Arabia - Industry Overview
Retail in 2024: The big picture
Mergers and acquisitions reshape the competitive landscape
Retail e-commerce is developing at considerable speed
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Ramadan and Eid-al Fitr
National day
Back to school
White Friday
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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