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Ethnic Supermarkets in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Ethnic Supermarkets Market Research Report | Consumer Goods & Services | Food & Beverage Stores | Dec 2013

Expanding flavors: Growing Hispanic and Asian markets will continue to bolster performance

The Ethnic Supermarkets market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 08-13
0.9%
Annual Growth 13-18
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Profit
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Employment
135,520
Businesses
18,317
Industry Analysis & Industry Trends

The Ethnic Supermarkets industry is composed of retailers that sell culturally diverse food for consumption at home. Demand for the industry's products has been driven by the growing Hispanic and Asian populations in the United States, which together make up a significant share of industry sales. This growth has created an environment in which ethnocentric food retailers have thrived. Fortunately for ethnic supermarkets, conditions are only expected to get better for the industry over the next five years. As the Asian and Hispanic populations continue to grow domestically and disposable income improves in line with the economy, demand for cultural foods will increase further.... purchase to read more

Industry Report - Industry Analysis Chapter

The Ethnic Supermarkets industry is composed of companies that sell foods geared toward ethnically diverse populations. The largest market segments are Hispanics and Asians, which account for a combined 98.3% of industry revenue. Growth of this industry is strongly supported by the quickly expanding Hispanic and Asian populations in the United States. According to the most recent US Census, the Hispanic population in the United States has grown 43.0% in the past decade, while the Asian population has grown 43.3%. As the industry's consumer base grows, so does its revenue. In the five years to 2013, IBISWorld expects industry revenue to increase at an average annual rate of 0.9% to $27.6 billion... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Ethnic Supermarkets Industry?

Supermarkets in this industry retail food to specific ethnic groups. This includes Asian, Hispanic and other ethnic grocery stores that carry mainly specialty products not found in mainstream supermarkets.

Industry Products
MeatsProduceFrozen foodsDairy itemsBeverages (including alcohol)Other food itemsNon-food items
 
Industry Activities
Retailing Asian groceriesRetailing Hispanic groceriesRetailing groceries for other ethnicities


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