PROSPECTS AND OPPORTUNITIES
Small local grocers will remain relevant, despite proliferation of modern grocery formats
With the prospect of economic recovery in the Philippines, small local grocers are expected to see sustained growth in terms of both constant value (at 2024 prices) and number of outlets over the forecast period. Such outlets will continue to play a vital role when it comes to accessibility of essential goods, with this retail channel being culturally ingrained in Filipino culture.
Partnerships with manufacturers and distributors will remain crucial
Small local grocers will continue to benefit from strategic partnerships with major manufacturers eager to boost their presence in this channel. Leading companies like Coca-Cola Philippines and Mondelez Philippines are investing heavily in trade marketing initiatives that not only enhance brand visibility but also support the merchandising and operational needs of traditional sari-sari stores.
Discounters and convenience stores pose a threat to small local grocers
Over the forecast period, Dali is poised to expand its footprint in rural areas where small local grocers are prevalent. By aggressively offering reduced prices on essential goods, Dali is likely to intensify competition, potentially challenging the growth of traditional local grocers.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading retailers in Small Local Grocers in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Sari-sari stores maintain cultural relevance
Digital solutions create greater efficiencies
Small local grocers embrace sustainability measures
Small local grocers will remain relevant, despite proliferation of modern grocery formats
Partnerships with manufacturers and distributors will remain crucial
Discounters and convenience stores pose a threat to small local grocers
Retail in the Philippines - Industry Overview
Retail in 2024: The big picture
SM Retail maintained its dominance
Ongoing digitalisation of retail channels and payment methods
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
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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