Finding flavor: As ethnic populations continue to grow, demand for cultural foods will increase

The Ethnic Supermarkets industry is composed of retailers that sell culturally diverse food for at-home consumption. Demand for the industry's products is primarily driven by the growing Hispanic and Asian populations in the United States. Furthermore, despite a small dip in the number of immigrants over the past five years, the two population groups still experienced steady growth during the latter half of the five-year period to 2017. As the economy continues to improve, an uptick in per capita disposable income and consumer confidence is expected to help industry revenue grow during the period. Conditions are expected to get better for the industry over the five years to 2022. As Asian and Hispanic populations continue to grow, demand for cultural foods will increase...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Profitability is forecast to remain flat, amid increasing competition and input price pressure
  • Mass merchandisers are entering the ethnic food space, stocking inventory based on local consumer demographics and preferences
  • As economic growth accelerates, per capita disposable income is anticipated to increase
  • Industry Report - Industry Products Chapter

    The products and services offered in ethnic supermarkets closely resemble those offered in the general supermarket realm. Shoppers in ethnic supermarkets are likely to encounter a meat counter, bakery, dairy section and produce aisles, but the main difference is the ethnic characteristics of the items for sale. Furthermore, the nonfood items in ethnic supermarkets largely represent foreign counterparts to the familiar array of sundries found in mainstream supermarkets, such as personal care products, vitamins, books, games and DVDs.MeatsThe meat counter of an ethnic supermarket is estimated to be the most frequented department. But...purchase to read more.

    Additional Insights for the Ethnic Supermarkets Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ethnic Supermarkets Industry are

  • Attracting local customers
  • Controlling stock on hand
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Urban population and Per capita disposable income in the Ethnic Supermarkets industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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
  • Meats
  • Produce
  • Frozen foods
  • Dairy items
  • Beverages (including alcohol)
  • Other food items
  • Non-food items
  • Industry Activities
  • Retailing Asian groceries
  • Retailing Hispanic groceries
  • Retailing groceries for other ethnicities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Urban population
  • Per capita disposable income
  • Number of immigrants
  • Consumer Confidence Index
  • External competition

  • Current Performance
  • Revenue gains amid input pressure
  • Competition rises
  • Community and charity efforts
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability and size
  • Threats and other opportunities
  • Shifting tastes
  • Table: Ethnic Supermarkets Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ethnic Supermarkets Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Other food items
  • Meats
  • Produce
  • Non-food items
  • Beverages (including alcohol)
  • Dairy items
  • Frozen foods
  • Chart: Ethnic Supermarkets Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households with income from $25,000 to $50,000
  • Households with income below $25,000
  • Households with income from $100,000 to $150,000
  • Households with income from $50,000 to $75,000
  • Households with income above $150,000
  • Households with income from $75,000 to $100,000
  • Chart: Major Market Segmentation for the Ethnic Supermarkets Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ethnic Supermarkets

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ethnic Supermarkets Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Ethnic Supermarkets 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 Ethnic Supermarkets Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of immigrants (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Electronic Data Interchange (Edi)
  • The transmission of electronic documents between businesses from one computer system to another.
  • Osechi Set
  • A box used during traditional Japanese New Years celebrations that are filled with dishes that have special meanings to the family.
  • Point Of Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Self-Checkout System
  • A system of grocery checkout in which consumers scan, pay for and bag their own groceries, thereby removing the need for a cashier at each register.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ethnic Supermarkets 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 Ethnic Supermarkets:
    • 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 Ethnic Supermarkets 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 Ethnic Supermarkets, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.