The pandemic and in particular the 2020 lockdowns were a boon for modern grocery retailers. In 2021, with society gradually opening up, and people starting to eat out again, current value growth was lower.
Modern grocery retailers continued to expand in 2021, with the leading chain Grupo Ramos, as well as other chains Supermercados Nacional and Supermercado Bravo opening further outlets. In addition, Supermercados Nacional also bought two stores from Supermercados La Caedna, thus eliminating competition in strategic locations.
Food and drink e-commerce received a fuel injection from the 2020 lockdowns and is continuing to register healthy value sales. Grocery retailers have upped their game and are continually developing the online infrastructure.
Modern grocery retails will register healthy constant value and volume growth over the forecast period. The recovery of the economy post COVID-19, including the return of foreign tourists, will support value and volume sales.
The discounting format will be the strongest performers in terms of value share growth. With the economy taking time to recover from the pandemic and inflation also denting consumer purchasing power over the forecast period, consumers will be looking for affordability.
There will be increased focus on private label over the forecast period, as the fallout of the pandemic, combined with the possibility of rising inflation, will see consumer purchasing power reduce. As a result, consumers will be looking for affordability.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Modern Grocery Retailers industry in Dominican Republic 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 Modern Grocery Retailers industry in Dominican Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Modern grocery retailing is the aggregation of those grocery channels that have emerged alongside the growth of chained retail. For Euromonitor, modern grocery retailing is the aggregation of five channels: Hypermarkets, Supermarkets, Discounters, Forecourt Retailers and Convenience Stores. While there can be traditional (i.e. non-chained) supermarkets or forecourt retailers, for example, due to the store's presence in the channel, these stores are still considered as modern for Euromonitor International.See All of Our Definitions
This report originates from Passport, our Modern Grocery Retailers research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!