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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 2013

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

IBISWorld’s Ethnic Supermarkets market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 08-13
0.9%
Annual Growth 13-18
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Profit
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Employment
135,520
Businesses
18,317
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 2.4% over the 10 years to 2018. In contrast, US GDP is forecast to grow an average of 2.1% 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

 


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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