Industry Analysis & Industry Trends
Key ingredients for growth
The Ethnic Supermarkets industry is comprised 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 Locations Chapter
The distribution of revenue in the Ethnic Supermarkets industry largely follows the distribution of population, with specific spikes in states where diverse ethnic groups are more prevalent. The West region accounts for the lion's share of industry revenue at 21.1% of the total. The region holds about a fifth of the nation's population and is also known for its large Hispanic and Asian populations. California, for example, accounts for 27.8% of the United States' Hispanic population and 13.0% of the Asian population (according to 2010 Census figures). As such, the state also brings in 15.7% of the industry's revenue. Ove... purchase to read more