Despite the boom in new payment methods, the use of cash is still high in supermarkets in Argentina. Several chains, including Coto, Jumbo and Carrefour, incorporated QR payments such as MercadoPago from MercadoLibre and Modo from leading banks in the last two years of the review period.
Chained supermarkets gained ground versus independent players and registered a better performance than small local grocers in 2022 partly because of the Precios Cuidados programme - a voluntary agreement between the government and leading companies that establishes reference prices for the most representative products of the mass consumption basket. A similar performance is expected going forward, at least during the first years of the forecast period.
In the short term, Supermercados Toledo has the potential to become an important competitor for leading retailers such as La Anonima and Vea. The chain is located mainly in the city of Mar del Plata in the Province of Buenos Aires, but the company is looking into the possibility of expansion to other cities on the Atlantic coast, considering options with a selling space between 800-1,500 sq m.
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Understand the latest market trends and future growth opportunities for the Supermarkets industry in Argentina 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 Supermarkets industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Supermarkets are chained or independent retail outlets with a selling space of between 400 and 2,500 square metres and with a primary focus on selling food/beverages/tobacco and other groceries. Supermarkets may also sell a selection of non-groceries, but the product mix is skewed towards grocery items. Example brands include Casino, Kroger, and Tesco. Exception: In some markets, primarily the US, Australia and Hong Kong, there are grocery retailer brands that operate outlets with a selling space of over 2,500 square metres, but offer only a very limited range of non-grocery merchandise or none at all. These brands are included in Supermarkets.See All of Our Definitions
This report originates from Passport, our Supermarkets research and analysis database.
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