Across the forecast period, retail sales for small local grocers are expected to decline, with a current value CAGR of -1% and a 2024 constant value CAGR of -3%. The ongoing economic uncertainty is anticipated to reduce consumer spending, which is likely to negatively affect these smaller retailers.
For small local grocers, competing with larger grocery brands on product pricing has proven difficult, particularly given the aggressive strategies employed by discounters and other major grocery retailers. However, a potential strategy for these retailers could be sustainability, with a strong focus on product sustainability, quality, and sourcing.
The retail landscape in Ireland will continue to evolve over the forecast period, with a significant shift towards retail e-commerce and digital solutions. The country's retail sector has demonstrated resilience and adaptability, with many retailers expanding their online presence in order to stay competitive.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Ireland 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 Ireland, 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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