Pakistan grocery retailers market forecast to decline by 1% CAGR during 2014 to 2019
Grocery Retailers in Pakistan - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 02:57:01
During 2013, new modern grocery retailers outlets opened in shopping centres, a trend which followed the successful launch of Carrefour´s hypermarket in Dolmen City Mall, Karachi. Pakistan´s shopping centres are now interested in offering selling space to hypermarkets and supermarkets as this is believed to help generate more consumer foot traffic throughout the shopping centre.
The Utility Corporation of Pakistan maintained its lead in grocery retailers in Pakistan in 2013 with a value share of 4%. The company operates 6,012 grocery retailers outlets throughout Pakistan and there was no increase in its position during 2013. The Utility Corporation enjoys the widest coverage in terms of area of any company operating in grocery retailers in Pakistan, which makes it easy for the retailer to encourage consumers to purchase products from its outlets.
Grocery retailers in Pakistan is expected to decline in constant value at a CAGR of -1% over the forecast period. High inflation is set to be the major cause of this decline as current value growth is expected to be much higher in comparison over the forecast period. Modern grocery retailers is expected to increase in constant value at a CAGR of 6% over the forecast period, with traditional grocery retailers expected to decline in constant value at a CAGR of -1% over the forecast period. The Pakistani population is set to continue undergoing rapid urbanisation, which is set to be a positive factor behind the strong growth expected in modern grocery retailers.
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