PROSPECTS AND OPPORTUNITIES
Challenging outlook ahead for small local grocers
The outlook for small local grocers remains challenging in the US, with difficulties expected to persist and potentially worsen in the near future. In current value terms, small local grocers is expected see fairly flat sales in the US in the forecast period.
Growth of small-format stores from grocery chains may impact small local grocers
The rise of small-format stores amongst major grocery chains is set to accelerate the decline of small local grocers, as industry giants adapt their models to capture both value-conscious and quality-seeking consumers. Once key differentiators for small local grocers, the appeal of convenience, curated selections, and neighbourhood accessibility are now being strategically leveraged by large-format grocers in their expansion into smaller, more agile store formats.
Convenience trend poses difficulties for specialist stores
Food/drink/tobacco specialists is also facing mounting challenges, as grocery retail consolidation and the demand for convenience make it harder to justify an extra shopping trip. With outlet counts set to turn to decline later in the forecast period, these retailers are adapting to survive by refining their strategies to align with shifting consumer habits.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in USA 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 USA, 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 USA 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 USA?
- Which are the leading retailers in Small Local Grocers in USA?
- 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 US - Category analysis
KEY DATA FINDINGS
Low margins, high inflation, and grocery giants pose a problem for small local grocers
Dwindling outlet count exacerbates concerns about food deserts
State and local communities find creative solutions to retain small local grocers
Challenging outlook ahead for small local grocers
Growth of small-format stores from grocery chains may impact small local grocers
Convenience trend poses difficulties for specialist stores
Retail in the US - Industry Overview
Retail in 2024: The big picture
Exceptionally high grocery prices in 2024 enter the political arena
China-affiliated competitors reset the landscape for retail e-commerce in the US
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
Prime Day/Christmas in July
Mother’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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