PROSPECTS AND OPPORTUNITIES
Mall local grocers offer niche products and in-store services to enhance the consumer experience
Small local grocers are focussing on attracting niche customer audiences and tourists who seek unique and special products. By tailoring their offerings to these discerning consumers, such outlets can stand out in a competitive arena.
Sustainability is a key trend shaping the future of local grocers
Sustainable practices have become a major trend in the retail industry, with more consumers now prioritising eco-friendliness and carbon reduction when purchasing everyday goods. Independent brands that emphasise sustainable operations are increasingly using this strategy to appeal to environmentally conscious shoppers.
Cross-industry collaborations become a rising trend for brand synergy
In recent marketing trends, cross-industry collaborations have gained significant popularity, with well-known chain brands seeking partnerships with unique independent retailers. These alliances create a synergy between the customer bases of each brand, allowing both parties to expand their reach and attract a wider audience.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading retailers in Small Local Grocers in Taiwan?
- 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 Taiwan - Category analysis
KEY DATA FINDINGS
Small local grocers focus on curated retail stores in Taiwan's prominent commercial districts
Local small grocers engage with Taiwanese markets to expand consumer reach
Small local grocers leverage online platforms to minimise expenses and expand reach
Mall local grocers offer niche products and in-store services to enhance the consumer experience
Sustainability is a key trend shaping the future of local grocers
Cross-industry collaborations become a rising trend for brand synergy
Retail in Taiwan - Industry Overview
Retail in 2024: The big picture
Competitive landscape in Taiwan: Key players and trends
Innovative business models in retail strengthen brand competitiveness
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
End of Year Cleaning
Double 11 Shopping 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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