Expanding flavors: Growing Hispanic and Asian markets will continue to bolster performance
IBISWorld’s Ethnic Supermarkets market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration in the Ethnic Supermarkets industry is low. Supermarkets are often small businesses that cater to the local market. However, concentration has inched up over the past five years. Well-established ethnic supermarkets such as Vallarta and Bodega Latina have opened additional locations and expanded their existing operations to meet growing demand. This has allowed these companies to capture a larger share of the industry's market. Nevertheless, their presence still accounts for a small fraction of industry revenue. IBISWorld forecasts a small increase in market share concentration over the next five years, but the level is expected to remain low as more owner-operated stores dilute the revenue share.
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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.
MeatsProduceFrozen foodsDairy itemsBeverages (including alcohol)Other food itemsNon-food items
Retailing Asian groceriesRetailing Hispanic groceriesRetailing groceries for other ethnicities