Introduction
The grocery store industry in the Philippines is highly competitive, with several major players vying for market share. In this report, we will delve into the top 10 grocery store brands in the Philippines by market share, providing insights into their financial performance, strategies, and industry trends.
1. SM Supermarket
SM Supermarket, a subsidiary of SM Retail, is the largest grocery store chain in the Philippines in terms of market share. With over 200 stores nationwide, SM Supermarket offers a wide range of products at competitive prices. In 2020, SM Retail reported a revenue of PHP 469.8 billion, with grocery retail accounting for a significant portion of its sales.
Key Points:
– SM Supermarket dominates the grocery retail market in the Philippines.
– The brand’s extensive store network and diverse product offerings contribute to its market leadership.
2. Puregold
Puregold is another major player in the Philippine grocery store industry, known for its affordable prices and promotions. With over 400 stores nationwide, Puregold has a strong presence in both urban and rural areas. In 2020, Puregold reported a revenue of PHP 156.6 billion, reflecting its popularity among Filipino consumers.
Key Points:
– Puregold is a popular choice for budget-conscious shoppers.
– The brand’s widespread store network enables it to reach a broad customer base.
3. Robinsons Supermarket
Robinsons Supermarket, a subsidiary of Robinsons Retail Holdings, is a prominent grocery store brand in the Philippines. With a focus on quality and freshness, Robinsons Supermarket has carved out a niche in the market. In 2020, Robinsons Retail Holdings reported a revenue of PHP 125.8 billion, with its supermarket segment contributing significantly to its overall sales.
Key Points:
– Robinsons Supermarket is known for its emphasis on quality products.
– The brand’s commitment to freshness sets it apart from competitors.
4. Metro Supermarket
Metro Supermarket is a well-established grocery store brand in the Philippines, offering a wide selection of imported and local products. With several stores in key cities, Metro Supermarket caters to a diverse customer base. In 2020, Metro Retail Stores Group reported a revenue of PHP 43.5 billion, with its supermarket segment playing a significant role in its business.
Key Points:
– Metro Supermarket is a popular choice for customers seeking a variety of products.
– The brand’s focus on quality and variety attracts a loyal customer following.
5. Walter Mart Supermarket
Walter Mart Supermarket is a growing player in the Philippine grocery store industry, known for its modern stores and competitive prices. With a focus on customer convenience, Walter Mart Supermarket has expanded its presence in key urban areas. In 2020, Walter Mart reported a revenue of PHP 9.6 billion, reflecting its steady growth in the market.
Key Points:
– Walter Mart Supermarket is gaining traction among urban consumers.
– The brand’s modern stores and competitive prices appeal to a younger demographic.
6. Rustan’s Supermarket
Rustan’s Supermarket, a subsidiary of Rustan’s Group of Companies, is a premium grocery store brand in the Philippines. Known for its high-quality products and personalized service, Rustan’s Supermarket targets upscale consumers. In 2020, Rustan’s reported a revenue of PHP 5.2 billion, with its supermarket segment contributing to its overall sales.
Key Points:
– Rustan’s Supermarket caters to a niche market of affluent shoppers.
– The brand’s focus on quality and service sets it apart from mass-market competitors.
7. Landers Superstore
Landers Superstore is a membership-based grocery store chain in the Philippines, offering a wide range of imported and local products. With a focus on value and convenience, Landers Superstore has attracted a loyal customer base. In 2020, Landers reported a revenue of PHP 4.3 billion, reflecting its steady growth in the market.
Key Points:
– Landers Superstore appeals to customers seeking value and quality.
– The brand’s membership model fosters customer loyalty and repeat business.
8. Shopwise
Shopwise is a popular grocery store brand in the Philippines, known for its affordable prices and wide product selection. With a strong presence in key urban areas, Shopwise caters to a diverse customer base. In 2020, Shopwise reported a revenue of PHP 3.8 billion, highlighting its strong performance in the market.
Key Points:
– Shopwise is a go-to destination for budget-conscious shoppers.
– The brand’s competitive prices and promotions drive customer traffic and sales.
9. Savemore Market
Savemore Market is a neighborhood grocery store chain in the Philippines, offering a convenient shopping experience for local residents. With a focus on affordability and accessibility, Savemore Market has gained a loyal customer following. In 2020, Savemore reported a revenue of PHP 2.6 billion, reflecting its strong presence in the market.
Key Points:
– Savemore Market caters to the needs of local communities.
– The brand’s focus on affordability and convenience resonates with its target market.
10. 7-Eleven
7-Eleven, a convenience store chain with a growing grocery segment, is a popular choice for on-the-go consumers in the Philippines. With a focus on convenience and accessibility, 7-Eleven has expanded its grocery offerings to meet customer demand. In 2020, 7-Eleven reported a revenue of PHP 6.2 billion, highlighting the success of its grocery business.
Key Points:
– 7-Eleven’s grocery segment caters to customers seeking quick and convenient shopping options.
– The brand’s emphasis on accessibility and variety sets it apart in the market.
Conclusion
In conclusion, the grocery store industry in the Philippines is characterized by intense competition and a diverse range of players. The top 10 grocery store brands in the Philippines, including SM Supermarket, Puregold, Robinsons Supermarket, Metro Supermarket, Walter Mart Supermarket, Rustan’s Supermarket, Landers Superstore, Shopwise, Savemore Market, and 7-Eleven, each bring their unique strengths and offerings to the market. By understanding the market dynamics and consumer preferences, these brands continue to drive growth and innovation in the grocery retail sector.
