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 - Industry SWOT Analysis Chapter
The Delicatessens industry is in the decline phase of its life cycle, as evidenced by its declining contribution to the economy, clearly segmented products, falling establishment numbers and the shrinking market.
Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow at an annualised 0.9% over the 10 years through 2019-20. This is much slower than the forecast annualised GDP growth of 2.7% over the same period. Slow IVA growth is a key indicator that an industry's contribution to and importance in the wider economy is falling.
There is limited scope for product development in the Delicatessens industry... purchase to read more