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 Key Buyers Chapter
Market share concentration in the Ethnic Supermarkets industry is low. There are no major players (operators whose revenue accounts for at least 5.0% of total industry sales), which means that revenue is spread out among many small operators. IBISWorld estimates that, in 2011, the average industry firm brings in $1.5 million in revenue annually. This figure accounts for less than 1.0% of industry sales.
Concentration has inched up over the past five years, however. Well-established ethnic supermarkets like Vallarta and TAWA have opened additional locations and expanded their existing operations to meet growing demand. This has allowed these companies to capture a larger share of the industry's market... purchase to read more