Well stocked: An improving economy and rising urban population have sustained industry growth

Over the five years to 2018, the Supermarkets and Grocery Stores industry in Ohio has experienced limited growth, lifted by the state's rising economy. Per capita disposable income in Ohio has grown over the past five years, increasing at an annualized rate of 1.7%. With more money in hand, some consumers have shifted to more-costly premium brands, including all-natural and organic foods, benefiting industry revenue. However, growth has been mitigated during the period as a result of a lower agricultural price index. Higher food costs overall have caused many consumers to stick with store-brand products, which are typically less expensive, curbing industry growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 13-18
0.6%
Forecast Growth 18-23
Profit
Employment
83,610
Businesses
2,008

Industry Threats & Opportunities

  • Higher food costs overall have caused many consumers to stick with store-brand products, which are typically less expensive
  • Additional Insights for the Supermarkets & Grocery Stores in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Supermarkets & Grocery Stores in Ohio 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 Ohio and Agricultural price index in the Supermarkets & Grocery Stores in Ohio industry impact industry performance..

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    What's in this report

    What is the Supermarkets & Grocery Stores in Ohio Industry?

    The Supermarkets and Grocery Stores industry in Ohio 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 items
  • 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 Ohio
  • Agricultural price index
  • Urban population
  • Healthy eating index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Supermarkets & Grocery Stores in Ohio 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
  • Other nonfood items
  • Fresh and frozen meat
  • Drug and health products
  • Fruits and vegetables
  • Beverages
  • Frozen foods
  • Dairy products
  • Chart: Supermarkets & Grocery Stores in Ohio 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 Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    The Kroger Co., ALDI US, Giant Eagle Inc., Meijer Inc., Moran Foods LLC,
  • Table: The Kroger Co. - financial performance
  • Table: ALDI US - financial performance
  • Table: Giant Eagle Inc. - financial performance
  • Table: Meijer Inc. - financial performance
  • Table: Moran Foods LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Supermarkets & Grocery Stores in Ohio 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 Ohio 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?

    IBISWorld’s Supermarkets & Grocery Stores in Ohio Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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