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Supermarkets & Grocery Stores in New York - Industry Market Research Report

Supermarkets & Grocery Stores in New York - Industry Market Research Report

  • February 2019
  • 23 pages
  • ID: 5760265
  • Format: PDF

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Freshly picked: Increasing premium brand sales and healthy eating trends will spur growth

Abstract

Supermarkets & Grocery Stores in New York
Despite increasing competition from mass merchandisers and warehouse clubs, the Supermarkets and Grocery Stores industry in New York is anticipated to grow steadily over the five years to 2019. Beyond growth in the consumption of high-end, organic products, operators have benefited from the growing social and health consciousness of consumers. Operators that have tailored their inventories to match consumer trends have done particularly well during the five-year period. Regional operators benefit from their proximity to agriculture producers and suppliers, enabling them to source fresh, locally grown produce. Due to the state’s populous New York City metropolitan area demand for these products remains high. Industry growth is expected to slow over the five years to 2024. External competition from online grocery delivery services is expected to affect traditional brick and mortar operations.

The Supermarkets and Grocery Stores industry makes up the largest food retail channel in the United States. Establishments in this industry retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. Delicatessens primarily retailing food are also included.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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