PROSPECTS AND OPPORTUNITIES
Further decline expected amid competitive and economic pressures
Small local grocers is projected to experience further declines in both value sales (at constant 2024 prices) and outlet numbers over the forecast period. Cost-of-living pressures and budget-conscious shopping behaviour will likely drive consumers towards value-focused grocery options, including discounters and large supermarkets.
Likely increase in health and wellness-focused strategies as a resilience strategy
Holland & Barrett and other health-oriented grocers may continue to find resilience by expanding their health and wellness ranges, introducing a great variety of functional foods, supplements, and sustainable product options to meet the growing demand for preventative health solutions. The channel leader announced plans for further expansion with the addition of up to 50 new stores in the UK over 2025, in addition to continuing the refurbishment of existing sites.
Differentiated performance expected across small local grocers
Over the forecast period, some independent small local grocers will likely face the greatest challenges as inflationary pressures and declining consumer purchasing power limit discretionary spending. With limited ability to offer competitive prices, closures are likely to increase.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in United Kingdom 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 United Kingdom, 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 United Kingdom 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 United Kingdom?
- Which are the leading retailers in Small Local Grocers in United Kingdom?
- 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 United Kingdom - Category analysis
KEY DATA FINDINGS
Further decline for small local grocers amid changing consumer preferences
Competitive landscape reflects strain on independent operators
Community-centric initiatives and niche positioning offer some relief
Further decline expected amid competitive and economic pressures
Likely increase in health and wellness-focused strategies as a resilience strategy
Differentiated performance expected across small local grocers
Retail in the United Kingdom - Industry Overview
Retail in 2024: The big picture
Value-driven shopping continues to reshape UK retail landscape
Retail e-commerce thrives on convenience and competitive pricing
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Valentine’s Day
International Women’s Day
Easter
Back-to-school
Black Friday
Christmas
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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