Industry Analysis & Industry Trends
The Delicatessens industry has struggled over the past five years. Poor consumer sentiment and spending during the years following the global financial crisis contributed to the industry's decline over the three years through 2009-10. Following this, strong competition from the major supermarkets added to the industry's pain. However, the rising premiumisation trend among some consumers has buoyed the industry over the past three years. Over the five years through 2014-15, industry revenue is projected to post annualised growth of 0.6%, to reach $908.3 million.
Supermarkets and grocery stores are the largest competitive threat to the industry. The price war that escalated in 2011 drew consumers away from specialised retailers and into supermarkets... purchase to read more
Industry Report - Starting a New Business Chapter
IBISWorld expects that the Delicatessens industry exhibits medium levels of barriers to entry. The industry is not overly difficult to enter from a capital and knowledge-base perspective. Initial outlays include costs involved in locating and obtaining working premises, and a wholesaler or other supplier from which produce can be sourced. However, due to the specialised nature of industry products, with many products being sold fresh, or with a short shelf life, potential entrants may need to invest in commercial refrigeration. Specific culinary knowledge may also be required by certain store staff in order to assist with the proper selection of foods... purchase to read more