But grocers are starting to edge in, most notably Kroger, which launched Simple Truth Plant Based last fall. Despite delivery services being available, supermarkets all over the world are now grasping advanced technology to everyone’s benefit. A recent study showcased that 49% of Americans would choose to … Artboard 1 Analysis & Features Waitrose’s 2021 Food & Drink report: the top stats, facts and findings. Millennials are a big driver for this explosion, as this generation has proven to show less brand loyalty than previous generations. Companies have so far deployed AI for targeted tasks, like cutting food waste and improving circulars. Interactive websites and digital resources are vital to let shoppers conduct pre-shopping research online. Supermarkets are feeling the shift to online shopping and the best way to combat this is to create custom experiences shoppers can’t get online. Key issues that will impact the supermarket industry include topics like the workforce, immigration, healthcare and — perhaps most importantly — … With functional foods one of the top health trends today, retailers and manufacturers are promoting natural remedies such as turmeric as ingredients that fix something that the body is lacking, according to Technomic, and the year ahead will see a new wave of ingredients that enhance something in the body. "I don’t know that there’s enough manufacturing capacity right now to satisfy the demand [in plant-based] right now," said Jim Hertel, senior vice president with Inmar Analytics. It also tries to characterise industries where market concentration have been increasing and whether the increase implies a drop in competition. All Trends articles. Kroger also debuted its first food hall this year at its new two-story, urban-format store in Cincinnati. Grocers have begun to recognize the need for fewer e-commerce apps and tools, and as they continue to become more sophisticated in their efforts, Tory Gundelach with Kantar said they’ll continue to simplify their customer-facing assets. The UK retailer suggests: “The future of supermarkets looks likely to be an experiential retail space – immersive hubs where shopping is only one of the activities on offer. "Retailers are becoming more confident to push these more higher-priced items within their own private labels," Saunders told Grocery Dive. Martin Rand, CEO of Pactum, talks about how the AI-based platform is helping the retailer and other large companies revisit the many small-scale contracts that can go untended for years. This not only simplifies the experience for shoppers, but for retailers as well. There is no doubt that e-commerce is the way to go when it comes to the retail industry. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. Trends in Market Concentration of Australian Industries Sasan Bakhtiari September 2019 Abstract Market concentration has been increasing in many industrialised countries raising concerns about falling competition. The Australian supermarket industry is dominated by two large, national companies; the Coles Group and the Woolworths Group. Read more about the 4 grocery markets to watch in 2020. Grocers are putting an extra focus on particular tastes of local communities and the importance of supporting local companies. The U.S. grocery industry, which includes a variety of businesses from supermarkets and convenience stores to wholesale clubs and superettes, had sales totaling over $1 trillion in 2009, with supermarkets accounting for just over half of total sales at about $557 billion (1). E-commerce has been a disruptive force in grocery retailing, taking market share from traditional bricks-and-mortar retailers. Neil Saunders, managing director with GlobalData Retail, thinks retailers will increasingly use store brands to differentiate their grocery selections and invite new and compelling products that are more complex than just household staples — products like meal solutions and value-added meal kits. Supermarket and Hypermarket Market Insights, Trends, Competitive Analysis, By Product Type(Supermarket, Hypermarket), By End User/Application(Consumer Electronics, Furniture, Food and Beverage, Toy & Stationery, Personal Care, Cosmetic, Home Textile, Dress, Others) – Global Forecast to 2020-2025 . In many ways, the modern supermarket industry has grown out of the traditional markets once prevalent in numerous countries. Organic and natural labels will continue to see extra growth. Walmart is piloting its own clinic, Walmart Health Center, while Kroger and Publix have partnered with local hospitals to offer integrated care options. A report from retail consulting firm Daymon found that 20% of sales growth in private label comes from premium products. Twitter, Follow Kroger WHERE a product is made and WHO makes it matters to consumers. Research is showing that customers are less likely to shop only once a week at one grocery store. Retailers are seeing a big opportunity with consumers actually buying local, not just saying it as lip service as previous generations might have. Jeff Wells ... For the grocery industry, blockchain has the capability of improving food safety, allowing products to be recalled more quickly, and improving inventory management. In the past few years, Americans have spent more on food at bars and restaurants than at supermarkets. Most retailers are choosing to collocate an MFC with their existing stores, either by bolting on a facility or by repurposing existing space. News Shoppers start stockpiling for Brexit as a third fear price hikes. Technology is helping brands and retailers form more personalized connections to consumers. Retailers are expanding salty snack offerings and adding shelf space for on trend items, while also seizing opportunities in the perimeter of the store. Four of these markets are in Europe: the UK, France, Germany and Spain. These findings pinpoint the market forces that are driving radical disruption in supermarkets. During a year that saw COVID-19 impact the meat industry in a number of dramatic ways — including meatpacking plant shutdowns, supply shortages and … These challenges include demographic change, raw materials becoming more expensive, consumers changing their behaviour due to increasing digitalisa - tion and e-commerce. 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