Supermarkets & Grocery Stores in Illinois
The Supermarkets and Grocery Stores industry in Illinois has struggled to grow over the past five years as the adult population decreased and competition rose. Even so, rising per capita disposable income has led many consumers to shift to premium food products. Private-label, generic goods have grown in popularity, as operators have invested in these products over the period. While a shift toward more generic goods curbs revenue growth, it helps operators maintain profit margins, as store brands are less costly to produce than national brands. Overall, industry revenue is expected to decrease. Despite revenue growth during the later portion of the period, industry operators encountered intensifying competition from alternative retailers. Over the next five years, the industry is anticipated to grow steadily, resulting from rising discretionary income and consumer preferences. As health concerns intensify, more consumers will seek all-natural and organic products. Consequently, industry revenue is forecast to rise.
The Supermarkets and Grocery Stores industry makes up the largest food retail channel in the United States. Establishments in this industry 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. Delicatessens primarily retailing food are also included.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook