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Boston, MA -- (SBWIRE) -- 06/18/2014 -- Grocery retailers posted a 7% increase in current value sales in 2013, slightly faster than in 2012, but slower than the review period CAGR. This performance is explained by the onset of an economic slowdown, combined with high inflation rates, which heavily impacted grocery sales. GDP performed poorly in 2013 and packaged food consumption and the expansion of grocery retailers showed signs of slowing down.
Wal-Mart Brasil Ltda leads grocery retailers with a retail value share of 10% (R$20.7 billion) in 2013. The company assumed the leading position in 2012 due to the good results of its brands, including Walmart, Bompreco, Todo Dia, Big, Nacional and Mercadorama. Wal-Mart Brasil is present in many grocery channels, such as hypermarkets, supermarkets and discounters.
A 4% constant value CAGR is expected over the forecast period. This performance will mainly be driven by the growth of convenience stores and discounters. Trends that appeared in 2012, such as the desire for convenience and income growth among middle-class consumers, are predicted to be the long-term drivers of growth in grocery retailing. However, in the long term, growth is expected to slow slightly as channels such as convenience stores mature and fast and easy gains become more difficult. Compared with the review period, a slightly slower constant value CAGR is anticipated over the forecast period.
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Discover the latest market trends and uncover sources of future market growth for the Grocery Retailers industry in Brazil with research from Euromonitor's team of in-country analysts.
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If you're in the Grocery Retailers industry in Brazil, our research will save you time and money while empowering you to make informed, profitable decisions.
The Grocery Retailers in Brazil market research report includes:
- Analysis of key supply-side and demand trends
- Detailed market shares for international and locally-based retailers
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- How is grocery retailing performing in Brazil?
- Are consumers switching towards more convenient grocery channels?
- Are independent and family run grocery stores coming under pressure in Brazil?
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