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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

The Ethnic Supermarkets market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Key Buyers Chapter

Market share concentration in the Ethnic Supermarkets industry is low. Supermarkets are often small businesses that cater to the local market. However, concentration has inched up over the past five years. Well-established ethnic supermarkets such as Vallarta and Bodega Latina 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. Nevertheless, their presence still accounts for a small fraction of industry revenue. IBISWorld forecasts a small increase in market share concentration over the next five years, but the level is expected to remain low as more owner-operated stores dilute the revenue share... 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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