PROSPECTS AND OPPORTUNITIES
Small local grocers will see constant value sales fall over the forecast period
Given the prevailing economic uncertainty, with high inflation and falling consumption, more local consumers are likely to opt for outlets offering more affordable prices. Small local grocers will register a fall in constant value sales over the forecast period, at least in the short term, with the economic climate likely favouring supermarkets and discounters.
More players to team up with convenience retailers
There will be increasing franchising alliances formed with convenience stores. For instance, Yildiz is focusing on partnering with bakkal shop owners with selling spaces of 50 square metres and more, with its Seç Market brand.
Organic specialists as a growing niche in the market
Growth is anticipated for small local grocers specialising in organic goods, though from despite from a low base, with these stores tapping into the ever-growing interest in health and wellness and sustainability. Unable to compete on price, some small local grocers have turned their attention to offering higher quality products, including organic options - especially locally produced bio and organic products.
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Overview:
Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Turkey 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 Turkey, 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 Turkey 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 Turkey?
- Which are the leading retailers in Small Local Grocers in Turkey?
- 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 Turkey - Category analysis
KEY DATA FINDINGS
Small local grocers struggles as consumers seek out lowest prices
Channel faces intensifying competition from discounters and convenience retailers
Many small local grocers turn to home delivery of bottled water
Small local grocers will see constant value sales fall over the forecast period
More players to team up with convenience retailers
Organic specialists as a growing niche in the market
Retail in Turkey - Industry Overview
Retail in 2024: The big picture
Self-checkout system technology becomes more prevalent
GenAI and social and ecological activism trends gain traction
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Black Friday
Ramadan (Eid al Fitr)
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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