PROSPECTS AND OPPORTUNITIES
Strong competition expected for supermarkets in the short term
Supermarkets are set to experience modest growth over the forecast period due to low levels of expansion and fierce competition from hypermarkets and convenience stores. Nonetheless, to enhance shopping experiences, investment in technological initiatives is expected.
Retail e-commerce growth is expected over the forecast period
E-commerce is a key channel for grocery retailers and has been growing at a healthy pace in recent years. Moving forward, it will become an increasingly important channel for supermarkets to stay ahead of the competition.
Technological solutions to become competitive driver for supermarkets
Investment in omnichannel solutions is becoming an essential part of many consumers’ lives, due to the convenience of being able to purchase items from anywhere and quickly as possible. In line with this trend, Credibanco and Travvis have launched a Smart-Cart solution for supermarket purchases, where it is no longer necessary to go through the cash registers to pay.
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Overview:
Understand the latest market trends and future growth opportunities for the Supermarkets industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading retailers in Supermarkets in Colombia?
- 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 Colombia - Category analysis
KEY DATA FINDINGS
Low growth amid fierce competition from discounters
Supermercados Colsubsidio departs the supermarket category
Mega Tiendas gain ground in 2024
Strong competition expected for supermarkets in the short term
Retail e-commerce growth is expected over the forecast period
Technological solutions to become competitive driver for supermarkets
Retail in Colombia - Industry Overview
Retail in 2024: The big picture
Discounters continue expansion to post strong performance
Blending online and offline shopping experiences
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Hot Sale
Back to School
Severance Savings
Valentine’s Day
Women’s Day
Holy Week
Mother’s Day
Father’s Day
Holiday
Primas Payment (extra-legal salary)
Love and Friendship Day
Halloween
Black Friday
Cyber Monday
Christmas and New Year
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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