Specialist Food Retailing - Ireland - August 2009
The specialist food retailers market boomed in pre-recession Ireland as a result of several factors including increased levels of disposable income and readiness to spend on higher-quality food. In tandem with this, the Irish consumer’s palate has become progressively more sophisticated.
Consumers have also become more concerned with ethical issues such as food miles, traceability, provenance and organic farming, leading to a rise in demand for food and drink produce that meets these criteria.
As the recession progresses, consumers are trading down from everyday premium to shop across the entire spectrum of private label, which specialist food retailers struggle to compete with now that even many affluent customers are feeling the pinch.
How detrimental will the current economic downturn prove to be to specialist food retailers, and to what extent will grocery multiples benefit from these changes?
What impact have the changing population demographics had on the market?
Are consumers compromising their ethics and attitudes towards health when grocery shopping during the recession, and to what extent is this affecting specialist food retailers?
What role do specialist food retailers play in comparison to their competitors, eg grocery multiples and hard discounters? How can specialist food retailers sustain market share and grow their business in light of this?
Who are the key specialist food retailers in Ireland and what type of products do they offer?
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