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, an increasing preference for premium foods among some consumers has buoyed the industry over the period. Industry revenue is expected to grow at an annualised 1.1% over the five years through 2016-17, to reach $879.7 million. Industry revenue is expected to grow only 0.7% during 2016-17, as reduced meat consumption and increasing competitive pressures from supermarkets constrain revenue growth.
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 1.1% over the 10 years through 2021-22. This is an underperformance relative to the economy, with GDP forecast to grow at an annualised 2.6% 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