Overview

Expanding flavors: Growing Hispanic and Asian markets will continue to bolster performance

IBISWorld’s Ethnic Supermarkets market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$37bn
Annual Growth
11-16
2.4%
Annual Growth
16-21
Profit
Employment
177,072
Business
44,374

Industry Threats & Opportunities

  • Demand has grown steadily in line with US Hispanic and Asian populations
  • During the recession, ethnic populations slowed spending on discretionary groceries
  • As ethnic populations expand, the amount spent at supermarkets will also increase

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    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...

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    Industry Report - Industry Locations Chapter

    The distribution of revenue in the Ethnic Supermarkets industry largely follows the distribution of population, with specific spikes in states where diverse ethnic groups are more prevalent. The West region accounts for the lion's share of industry revenue at 21.1% of the total. The region holds about a fifth of the nation's population and is also known for its large Hispanic and Asian populations. California, for example, accounts for 27.4% of the United States' Hispanic population and 33.0% of the Asian population. As such, the state also brings in 15.7% of the industry's revenue. Over the past five years, IBISWorld estimates that the West's share of Ethnic Supermarket industry revenue has grown because the area has experienced significant growth in its Hispanic and Asian populations.

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    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..

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    Industry Products

    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

    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
  • Urban population
  • Per capita disposable income
  • Number of immigrants
  • Consumer Confidence Index
  • External competition

  • Current Performance
  • Revenue gains amid input pressure
  • Competition mounts
  • 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Ethnic Supermarkets Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of immigrants (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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.

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