Amid strong competition from other grocery retailing channels it is projected that small local grocers will continue to struggle with value sales through the channel set to continue declining (at constant 2024 prices). Indeed, the continuous development of foods e-commerce on one side, and the expected growth and expansion of supermarkets on other, are likely to affect negatively the channel’s performance over the forecast period.
While pressure on consumer purchasing power is set to progressively wane over the forecast period, pressure on profit margins for small local grocers is likely to remain high. This is due to the inability of small independent operators to create economies of scale, elevated operating costs (such as high energy prices), and the strong price competition from other channels.
As the economic context improves and consumer demands shift back towards premium, high quality products, there should be opportunities for growth for players focusing on high-end grocery products, but especially those with a clear and strong health and wellness positioning. Indeed, consumer awareness of the benefits of functional food and beverages is likely to increase significantly over the forecast period and players such as Holland & Barret are set to benefit from this trend.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers 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 Small Local Grocers 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.
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 definitionsThis report originates from Passport, our Small Local Grocers research and analysis database.
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