Not quite ripe: Produce prices continue to fluctuate, constraining industry revenue growth

Difficult trading conditions have affected the Specialised Grocery Retailing industry over the past five years. The overwhelming majority of industry revenue derives from the sale of fresh meat, fish, poultry, fruit and vegetables. Consequently, fluctuations in the prices of these items contribute to revenue volatility. Competition from other food retailers, such as bakeries and supermarkets, and consumption patterns for industry products have also influenced the industry's performance over the period. Overall, the industry's revenue fluctuations have largely cancelled each other out over the past five years. As a result, industry revenue is expected to grow at an annualised 1.0% over the five years through 2018-19, to $1.6 billion...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
1.0%
Forecast Growth 19-24
Profit
Employment
6,965
Businesses
2,127
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Produce price fluctuations and strong external competition have limited industry revenue growth
  • Specialist poultry retailers and fishmongers have performed well over the past five years
  • Increasing health consciousness is forecast to support the industry over the next five years
  • Industry Report - Industry Products Chapter

    Industry operators mainly sell fresh food and produce, focusing on meat, seafood, fruit and vegetables. Most operators focus on one or two of these categories exclusively, operating as butchers, fishmongers or fresh produce stores. Some larger industry players operate as delis or speciality providers across these segments, often combining the operations of a butcher, fishmonger and baker in one establishment.Meat and poultryMeat and poultry represent the largest product segment in the industry. This segment primarily consists of beef meat, sheep meat, pig meat and chicken meat. These products are a key source of protein for many consumers. However, rising health consciousness has led to a shift away from red meats and towards leaner sources of protein. The...purchase to read more.

    Additional Insights for the Specialised Grocery Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Specialised Grocery Retailing are:

  • Proximity to key markets
  • Attractive product presentation
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Domestic price of meat in the Specialised Grocery Retailing industry impact industry performance..

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    What's in this report

    What is the Specialised Grocery Retailing in New Zealand Industry?

    Industry operators primarily retail a specialised grocery line. Industry firms typically specialise in selling fresh red meat, poultry, seafood, fruits and vegetables, or manufactured goods such as bread, cakes and confectionery.

    Industry Products
  • Fruit
  • Vegetables
  • Meat and poultry
  • Fish and other seafood
  • Industry Activities
  • Fresh red meat retailing
  • Fresh poultry retailing
  • Fish and other seafood retailing
  • Fruit and vegetable retailing
  • Bread retailing (baked off-premises)
  • Cake retailing (baked off-premises)
  • Confectionery retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Domestic price of meat
  • Domestic price of fruit
  • Domestic price of poultry
  • Domestic price of vegetables

  • Current Performance
  • Fresh produce
  • Consumption trends
  • Specialist retailers
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Meat preferences
  • Fruits and vegetables
  • Table: Specialised Grocery Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Specialised Grocery Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in New Zealand

  • Key Selling Industries
  • Bread Production in New Zealand
  • Fruit and Vegetable Wholesaling in New Zealand
  • Meat Processing in New Zealand
  • Meat, Poultry and Smallgoods Wholesaling in New Zealand

  • Products & Services
  • Meat and poultry
  • Other
  • Vegetables
  • Fruit
  • Fish and other seafood
  • Chart: Specialised Grocery Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest household income quintile
  • Fourth household income quintile
  • Third household income quintile
  • Second household income quintile
  • Lowest household income quintile
  • Chart: Major Market Segmentation for the Specialised Grocery Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Specialised Grocery Retailing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Specialised Grocery Retailing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Specialised Grocery Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Specialised Grocery Retailing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fishmonger
  • A retailer that primarily sells fish and seafood. These retailers are typically able to perform services such as filleting fish for customers.
  • Greengrocer
  • A retailer that primarily sells fresh fruit and vegetables.
  • Organic
  • Farming and foods produced without the use of chemicals, herbicides or growth hormones.
  • What Our Customers Say

    Why buy this report?

    The Specialised Grocery Retailing in New Zealand market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Specialised Grocery Retailing in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Specialised Grocery Retailing in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Specialised Grocery Retailing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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