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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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; industry growth is strongly supported by the quickly expanding populations of these two ethnic groups 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 2014, IBISWorld expects industry revenue to increase at an average annual rate of 1.8% to $28.6 billion.

Not only has the United States' ethnic population grown, but its spending habits also create a favorable environment for grocers... 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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