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 SWOT Analysis Chapter
The Ethnic Supermarkets industry is in the growth stage of its life cycle. Industry value added, which measure's an industry's contribution to the overall economy, is projected to increase at an annualized rate of 3.7% over the 10 years to 2019. In contrast, US GDP is forecast to grow an average of 2.5% per year over the same period. As such, the industry's importance to the economy is steadily increasing, which suggests that the industry is growing. Additionally, ethnic supermarkets benefit from a changing and expanding consumer market, which will likely provide growth opportunities going forward.
Steady industry expansion and a rising immigrant population will contribute to industry growth in the coming years... purchase to read more