Dublin, June 24, 2019 (GLOBE NEWSWIRE) -- The "Ethnic Supermarkets in the United States: 2019 Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
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.
Demand for the Ethnic Supermarkets industry's products is primarily driven by the growing Hispanic and Asian populations in the United States, although younger consumers (aged 25 to 34 years old) across all ethnic groups represent a growing target demographic for ethnic food retailers. These markets have also contributed to an expected 2% revenue increase in 2019. Furthermore, despite a small dip in the number of immigrants over the past five years, the two population groups still experienced steady growth during the latter half of the five-year period.
As the economy grows, an up-tick in per capita disposable income and consumer confidence is expected to help industry revenue grow during the period.Conditions are expected to get better for the industry over the five years to 2024. As Asian and Hispanic populations continue to grow, demand for cultural foods will increase. Profitability is forecast to remain flat, amid increasing competition and input price pressure.
Key Topics Covered
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
MAJOR COMPANIES
OPERATING CONDITIONS
KEY STATISTICS
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/nvxnki
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