Industry Analysis & Industry Trends
Strong competition from the major supermarkets has created unfavourable trading conditions for the Delicatessens industry over the past five years. Low prices across numerous product lines in the major supermarkets have enticed consumers away from specialised retailers, hurting industry demand. However, the rising premiumisation trend among some consumers has buoyed the industry over same period. Industry revenue is forecast to grow at an annualised 2.1% over the five years through 2015-16 to reach $900.5 million. However, a 7.1% revenue decline in 2010-11 has skewed this growth figure. Industry revenue is forecast to grow at a modest 1.4% in 2015-16.
Supermarkets and grocery stores are the largest competitive threat to the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Delicatessens industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the wider economy, is forecast to grow at an annualised 2.0% over the 10 years through 2020-21. This is a minor underperformance relative to the economy, with GDP forecast to grow at an annualised 2.8% over the same period. The industry is contracting as a share of the economy, but its contribution remains positive. This is typical of mature industries.
Rising competitive pressures from the major supermarkets have hurt many specialised food industries over the past five years. Supermarkets have widened their product range to include a variety of smallgoods, cheeses, olives, breads and other gourmet foods... purchase to read more