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 Analysis Chapter
The Delicatessens industry has struggled over the past five years. Competition from the major supermarkets has created headaches for delicatessen operators. The supermarkets have broadened their product range and engaged in a fierce price war, which has drawn many consumers away from specialised food retailers like delicatessens. Furthermore, increasingly busy consumer lifestyles have reduced the amount of time available for food shopping and dampened demand for the industry. Despite this, the rise of premiumisation among some consumers has created a glimmer of hope for some premium delicatessens. Over the five years through 2014-15, industry revenue is projected to grow at an annualised 0.6%, to reach $908.3 million... purchase to read more