Despite the challenges to the channel, small local grocers is set to maintain slow growth in outlet numbers and current value sales in Mexico in the forecast period. The government’s food security agency Segalmex is expected to continue to play a key role within small local grocers, particularly in marginalised communities in the interior of the country.
Although current value growth is expected for small local grocers in the forecast period, the rate of increase is set to be the lowest within grocery retailers. The mature nature of the channel, and a lack of innovation will limit expansion.
One strategy that traditional grocery retailers are likely to pursue as they seek to better compete with modern grocery retailers, particularly convenience stores, is to offer a wider range of services to consumers in order to boost footfall to their stores. For example, several fintech companies, such as Yastas, have tried to help small local grocers to offer banking services – something that many convenience stores already do.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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