Industry Analysis & Industry Trends
The Supermarkets and Grocery Stores industry is one of the most fiercely competitive in Australia. The rapid growth of German-owned ALDI over the past five years has significantly altered the industry. The growing popularity of ALDI, known for its discounted private-label products, has forced the two established industry giants – Woolworths and Coles – to cut prices and expand their own range of private-label products. Changing consumer sentiment and shopping preferences have also influenced the industry's trading conditions. Industry revenue is projected to grow by 3.8% annualised over the five years through 2015-16, to reach $88.1 billion. This includes forecast growth of 2.5% in 2015-16... 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 several factors. These include the introduction of private-label goods by the industry's major players, increased consumer demand for organic goods, consumer trends towards healthier eating and rising demand for 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% 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