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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 2014

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

IBISWorld’s Ethnic Supermarkets market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$29bn
Annual Growth 09-14
1.8%
Annual Growth 14-19
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Profit
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Employment
139,658
Businesses
18,819
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 - Starting a New Business Chapter

Barriers to entry into the Ethnic Supermarkets industry are currently low. Market share is spread out among many companies and there are no major players in the industry. Capital investments are moderate, but are increasing as automation becomes paramount in the retail sector. The introduction and installation of point-of-sale (POS) systems and self-checkout registers over the past decade have raised the level of capital expenditure for supermarkets in the form of start-up costs. POS systems are not the only consideration for a supermarket, however, as those setting up new stores need to consider a whole range of expenses. Start-up costs can be financed through a combination of owner investment, short-term loans and long-term borrowings... 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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