Supermarkets & Grocery Stores in Texas
The Supermarkets and Grocery Stores industry in Texas has grown steadily over the five years to 2017. Rising per capita disposable income in Texas has led many consumers to shift to premium food products. Additionally, generic foods have grown in popularity, as operators have invested in these products during the period. While a shift toward more generic goods curbs revenue growth to some degree, it helps operators maintain profit margins, as store brands are less costly to produce than national brands. Over the five years to 2022, the industry is anticipated to grow steadily, resulting from rising discretionary income and a growing adult population. Additionally, as health concerns become more prominent, more consumers will seek all-natural and organic products.
The Supermarkets and Grocery Stores industry in Texas makes up the largest food retail channel in the state. 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.
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