Industry Analysis & Industry Trends
In light of numerous challenges, including stagnant earnings and frugal spending among consumers, the Supermarkets and Grocery Stores industry slowly yet steadily grew over the five years to 2017. Over the next five years, IBISWorld projects that industry revenue will continue to rise. Despite intensifying competition from alternative retailers, grocery stores are anticipated to benefit from rising health concerns, which will entice more consumers to purchase organic, all-natural and value-added products at industry establishments. In addition, the strengthening economy will help boost per capita disposable income levels, benefiting the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2022, industry value added (IVA), which measures an industry’s contribution to the economy, for the Supermarkets and Grocery Stores industry is expected to increase at an annualized rate of 0.8%. Comparatively, the Canadian GDP is forecast to grow an annualized 1.8% during the same period. While an underperforming IVA is indicative of a declining industry, this industry is characterized as mature for several reasons including the inelastic
nature of grocery products, market saturation and a steady adoption of new technology.
Despite the inelastic nature of grocery items, demand for grocery products has been suppressed due to intensifying competition from alternative retailers. Mor.. purchase to read more