Supermarkets & Grocery Stores in Canada
The Supermarkets and Grocery Stores industry in Canada has experienced modest growth over the five years to 2019. During this period, while rising levels of consumer confidence and slight growth in per capita disposable income provided an optimal business environment, the proliferation of supercentres stifled industry revenue as it increased price-based competition and provided customers with a one-stop shopping experience. Many consumers seeked cost savings at grocery stores, stocking up on promotional items or trading down to private label brands. In response to growing demand for affordable options, retailers expanded their private label product lines to appeal to price-conscious consumers. The industry's leading grocery store chains have acquired smaller competitors in recent years to expand their market share and lower operating costs through economies of scale. Over the coming years, while economic indicators pertinent to the industry such as increased per capita disposable income will be beneficial to the industry, increased external competition will result in abated growth.
The Supermarkets 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.
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