Specialised Grocery Retailing in New Zealand - Industry Market Research Report

Specialised Grocery Retailing in New Zealand - Industry Market Research Report

Specialised Grocery Retailing in New Zealand

Difficult trading conditions have affected the specialised grocery retailers in recent years. Most industry revenue comes from the sale of fresh meat, fish, poultry, fruit and vegetables. Fluctuations in these products' prices therefore 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. Pre-pandemic, demand for high-value industry goods aided the industry's performance. However, declining vegetable and poultry prices and a fall in red meat consumption have constrained revenue growth. Revenue is expected to grow at a compound annual rate of 0.2% to $1.9 billion over the five years through 2022-23.

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.

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.