Lettuce celebrate: Rising disposable income has led many consumers to shift to premium food products

The Supermarkets and Grocery Stores industry in Florida has grown slowly over the past five years. Rising per capita disposable income has led many consumers to shift to premium food products. Additionally, generic foods have grown in popularity, as operators have invested in these products during the period. External competition from alternative retailers such as large warehouse clubs and supercenters has been on the rise, mitigating growth. These companies can provide consumers the same goods that supermarkets and grocery stores offer, but are often able to sell them at lower prices due to economies of scale. Over the next five years, the industry is anticipated to grow steadily, resulting from rising discretionary income and a growing state population...purchase to read more.

Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 12-17
0.8%
Forecast Growth 17-22
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Profit
x.x%lock
Employment
184,875
Businesses
3,699
Market Share of Companies

Industry Threats & Opportunities

  • External competition from alternative retailers has been on the rise, mitigating growth
  • Higher incomes encourage consumers to purchase more meals out at restaurants
  • Regional grocers with strong brand loyalty will remain a staple for most Florida residents

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    Industry Report - Industry Investment Chapter

    The Supermarkets and Grocery Stores industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimated that for every $1.00 spent on labor in the industry, $0.10 will be spent on capital in 2017. This figure slightly higher than the $0.09 in 2012. Capital expenditure for the industry includes the purchase of store assets such as cash registers and shelving. While most industry operators invested relatively small portions of their revenue on capital goods, many of the large supermarkets implemented new technology. For instance, the introduction of computerized point of sale systems and self-checkout systems has increased supermarkets' dependence on capital to improve operating efficiencies. Adv...purchase to read more.

    Additional Insights for the Supermarkets & Grocery Stores in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Supermarkets & Grocery Stores in Florida Industry are

  • Proximity to key markets
  • Access to multiskilled and flexible workforce
  • Ability to control stock on hand

    • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Florida and Agricultural price index in the Supermarkets & Grocery Stores in Florida industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Supermarkets & Grocery Stores in Florida Industry?

    The Supermarkets and Grocery Stores industry makes up the largest food retail channel in the United States. Establishments in this industry retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. Delicatessens primarily retailing food are also included.

    Industry Products
  • Fruits and vegetables
  • Fresh and frozen meat
  • Dairy roducts
  • Beverages
  • Frozen foods
  • Other food items
  • Other nonfood items
  • Drugs and health products
    • Industry Activities
  • Retailing a general line of food
  • Retailing health and beauty products
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Per capita disposable income in Florida
  • Agricultural price index
  • Number of adults aged 20 to 64 in Florida
  • Healthy eating index

    • Current Performance
  • Sunny spots
  • External competition
  • Profit and participation
  • Chart: Revenue Growth

    • Industry Outlook
  • Online competition
  • Industry participation
  • Table: Supermarkets & Grocery Stores in Florida Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Supermarkets & Grocery Stores in Florida Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Consumers

    • Key Selling Industries
  • Beef & Pork Wholesaling
  • Confectionery Wholesaling
  • Dairy Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Frozen Food Wholesaling
  • Fruit & Vegetable Wholesaling
  • Grocery Wholesaling

    • Products & Services
  • Other food items
  • Beverages
  • Dairy roducts
  • Other nonfood items
  • Fresh and frozen meat
  • Frozen foods
  • Drugs and health products
  • Fruits and vegetables
  • Chart: Supermarkets & Grocery Stores in Florida Industry Products and Services Segmentation

    • Major Markets
  • Fourth income quintile
  • Highest income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Supermarkets & Grocery Stores in Florida Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Supermarkets & Grocery Stores in Florida

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Supermarkets & Grocery Stores in Florida Industry

    • Major Companies

    Publix Super Markets Inc., Southeastern Grocers, The Kroger Co., ALDI US, Trader Joe's, Whole Foods Market Inc.,
  • Table: Publix Super Markets Inc. - financial performance
  • Table: Southeastern Grocers - financial performance
  • Table: The Kroger Co. - financial performance
  • Table: ALDI US - financial performance
  • Table: Trader Joe's - financial performance
  • Table: Whole Foods Market Inc. - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Supermarkets & Grocery Stores in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Supermarkets & Grocery Stores in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Fresh Format Stores
  • Stores that differ from traditional supermarkets by offering an extensive array of premium organic, ethnic and specialty items.
    • Limited Assortment Stores
  • Stores that are more compact than traditional supermarkets, and low sell a limited variety of low-priced private label items.
    • Point Of Sale System
  • A hardware or software system that traces where a transaction occurs at a retail establishment or store.
    • Premium Brands
  • Brands that are produced by regional, national or international companies. They are typically priced higher than private label brands and are often considered to be of higher quality.
    • Private Label Brands
  • Brands that are offered by retailers and compete with regional, national and international brands.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s industry research report on Supermarkets & Grocery Stores in Florida provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Supermarkets & Grocery Stores in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Supermarkets & Grocery Stores in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Supermarkets & Grocery Stores in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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