Next in line: Although food costs have declined, profit has increased

Operators in the Supermarkets and Grocery Stores industry in New Jersey retail a wide range of goods, including both food and nonfood products. Trends in the state's population and residents' income levels are the main drivers of industry success, as individual consumers are operators' primary customers. Per capita disposable income in New Jersey has grown steadily over the five years to 2018, leading shoppers to purchase more and costlier industry goods. However, some trends have mitigated industry growth during the period. The stagnation of the number of adults aged 20 to 64 in New Jersey has limited operators' consumer base...purchase to read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 13-18
1.2%
Forecast Growth 18-23
Profit
Employment
91,237
Businesses
2,702

Industry Threats & Opportunities

  • Some operators have been forced to shutter stores across the state
  • Additional Insights for the Supermarkets & Grocery Stores in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Supermarkets & Grocery Stores in New Jersey 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 New Jersey and Number of adults aged 20 to 64 in New Jersey in the Supermarkets & Grocery Stores in New Jersey industry impact industry performance..

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    What's in this report

    What is the Supermarkets & Grocery Stores in New Jersey Industry?

    The Supermarkets and Grocery Stores industry in New Jersey comprises establishments that 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
  • Other foods
  • Beverages
  • Dairy products
  • Other nonfood
  • Fresh and frozen meat
  • Frozen foods
  • Drug and health products
  • Fruits and vegetables
  • Industry Activities
  • Retailing a general line of food
  • Retailing health and beauty products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in New Jersey
  • Number of adults aged 20 to 64 in New Jersey
  • Agricultural price index
  • Urban population
  • Healthy eating index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Supermarkets & Grocery Stores in New Jersey Industry Lifecycle vs The Economy

  • 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 foods
  • Fresh and frozen meat
  • Fruits and vegetables
  • Other nonfood
  • Dairy products
  • Drug and health products
  • Frozen foods
  • Beverages
  • Chart: Supermarkets & Grocery Stores in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Consumers earning less than $30,000 annually
  • Consumers earning between $30,000 and $70,000 annually
  • Consumers earning $70,000 or more annually
  • Chart: Major Market Segmentation for the Supermarkets & Grocery Stores in New Jersey Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Supermarkets & Grocery Stores in New Jersey

  • Basis of Competition
    Barriers to Entry
    Ahold Delhaize, Wakefern Food Corp, Acme Markets Inc., ALDI US,
  • Table: Ahold Delhaize - financial performance
  • Table: Wakefern Food Corp - financial performance
  • Table: Acme Markets Inc. - financial performance
  • Table: ALDI US - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Supermarkets & Grocery Stores in New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Disposable Income (2009-2023)

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

    The Supermarkets & Grocery Stores in New Jersey Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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