PROSPECTS AND OPPORTUNITIES
Supermarkets expected to benefit from improving economy
As inflation stabilises and once the economy starts to pick up this should boost consumer confidence and their willingness to spend on groceries. In this context, demand for premium products in grocery retailing is likely to increase.
Colruyt to test Sunday openings
Following Delhaize’s successful strategy that has enabled it to offer Sunday openings, Colruyt now plans to test Sunday openings for its supermarkets over the forecast period. Until 2024, none of the company’s supermarkets had opened on Sundays, aside from one experiment at a holiday location on the coast where the legislation is different and supermarkets?can be opened on Sundays without paying premiums to employees.
Supermarkets expected to focus more on their online sales
Over the forecast period, it is expected that consumers will become increasingly likely to do their grocery shopping online and this could limit the growth of store-based sales for supermarkets. This trend is likely to be driven by strong investment from leading players (eg Delhaize, Colruyt, Albert Heijn) in their foods e-commerce strategies, which includes providing wider coverage for home delivery, lower costs for home delivery, and offering more click-and-collect points.
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Overview:
Understand the latest market trends and future growth opportunities for the Supermarkets industry in Belgium 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 Supermarkets industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Supermarkets in Belgium 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 Supermarkets in Belgium?
- Which are the leading retailers in Supermarkets in Belgium?
- 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?
Supermarkets in Belgium - Category analysis
KEY DATA FINDINGS
Amid price stabilisation, supermarkets sees a more positive performance in 2024
Delhaize switches to franchised supermarkets to make Sunday trading easier
Louis Delhaize sells off Match as its struggles continue
Supermarkets expected to benefit from improving economy
Colruyt to test Sunday openings
Supermarkets expected to focus more on their online sales
Retail in Belgium - Industry Overview
Retail in 2024: The big picture
Retailer profit margins under pressure
Online retail continued to gain share in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back To School
DISCLAIMER
Supermarkets
Supermarkets are chained or independent retail outlets with a selling space of between 400 and 2,500 square metres and with a primary focus on selling food/beverages/tobacco and other groceries. Supermarkets may also sell a selection of non-groceries, but the product mix is skewed towards grocery items. Example brands include Casino, Kroger, and Tesco. Exception: In some markets, primarily the US, Australia and Hong Kong, there are grocery retailer brands that operate outlets with a selling space of over 2,500 square metres, but offer only a very limited range of non-grocery merchandise or none at all. These brands are included in Supermarkets.
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 Supermarkets research and analysis database.
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