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.
The Supermarket and Grocery Stores industry comprises the largest food retail channel in Canada. These establishments 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. This industry excludes convenience stores, warehouse clubs and supercentres.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.