As one of the most traditional formats in retail, small local grocers will continue growing in the upcoming period, although at low levels of constant value growth. The main factor that influences the growth of sales of small local grocers will be the growth of the population, since this type of establishment is usually located in areas close to families.
Small local grocers are very traditional businesses, especially in cities outside Lima, where they are usually led by older people that are less interested in technology. As a generational change occurs in the owners of small local grocers, it is expected that this will lead to modernisation in the category, not only in payment methods, but also in banking and management, introducing new tools that allow them to maintain growth.
In 2023, the government introduced two new economic measures that will benefit small local grocers during the difficult economic climate. Firstly, it postponed the increase in the ISC (selective consumption tax) for almost the entire year.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers industry in Peru 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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