Industry Analysis & Industry Trends
The Supermarket and Grocery Stores industry is one of the most fiercely competitive in Australia. The rapid growth of German-owned ALDI, which almost exclusively sells private-label products at discounted prices, has caused a massive shift in the industry. The products offered in supermarkets have changed significantly over the past five years, as the two giants of the industry – Woolworths and Coles – have scrambled to compete with ALDI's low prices. Changing consumer sentiment and preferences have also influenced trading conditions across the industry. Industry revenue is projected to grow by 2.9% annualised over the five years through 2014-15, to reach $94.0 billion. This includes forecast growth of 5.2% in 2014-15... purchase to read more
Industry Report - Industry Products Chapter
The range of products available across the industry has changed over the past five years due to a number of factors. These include the introduction of private-label goods by the industry's major players, increased consumer demand for organic goods, trends in healthy eating and changes in consumer eating patterns to include more ready-to-eat and prepared meals. Other factors such as rising consumer awareness about packaging and concerns about the origin of products have also affected the range of goods on supermarket shelves.
At the national level, private-label products account for approximately 30.0% of grocery sales. This compares with over 53.0% in Europe and 35.0% in the United States, indicating that there is room for expansion in Australia... purchase to read more