Key Takeaways
- The U.S. grocery retail market was valued at $1.02 trillion in 2023, marking a 3.2% year-over-year growth driven by inflation and volume increases
- Global grocery market size reached $12.8 trillion in 2022, projected to grow at a CAGR of 5.8% from 2023 to 2030 due to rising disposable incomes in emerging markets
- U.S. supermarket sales totaled $800 billion in 2022, accounting for 55% of total grocery sales across all channels
- U.S. average household grocery spending was $5,703 in 2022, up 12.7% from 2021 due to inflation
- 62% of U.S. consumers shopped for groceries more frequently in 2023 but bought smaller quantities to manage budgets
- Globally, 45% of shoppers traded down to cheaper brands or private labels in 2023 amid cost-of-living crisis
- U.S. fresh produce sales grew 4.2% to $74 billion in 2023, comprising 25% of total grocery sales
- Private label penetration in U.S. grocery reached 20.5% in 2023, highest in dairy at 35%
- Global beverage sales in grocery stores hit $1.2 trillion in 2022, with non-alcoholic up 6%
- U.S. average grocery store has 40,000 SKUs in 2023, down 5% from 2019 rationalization
- Walmart U.S. grocery sales $250 billion in FY2023, 57% of total revenue
- Kroger operated 2,700+ stores with 11 million sq ft expansion planned by 2025
- Online grocery penetration U.S. 13% of sales in 2023, up from 2% pre-pandemic
- Global sustainable packaging in grocery reached 25% adoption in 2023, reducing plastic by 15%
- U.K. grocers committed to net-zero by 2040, with 40% renewable energy in stores 2023
Global grocery markets grew significantly in 2023, driven by inflation and consumer shifts to value.
Consumer Behavior & Spending
Consumer Behavior & Spending Interpretation
Market Size & Growth
Market Size & Growth Interpretation
Product Categories & Sales
Product Categories & Sales Interpretation
Retailer & Store Metrics
Retailer & Store Metrics Interpretation
Sustainability & E-commerce Trends
Sustainability & E-commerce Trends Interpretation
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