GITNUX MARKETDATA REPORT 2024

Must-Know Grocery Statistics [Recent Analysis]

Highlights: The Most Important Grocery Statistics

  • In 2019, the global grocery market was valued at approximately 10.04 trillion USD.
  • Walmart is the largest grocery retailer in the United States, with a grocery sale of 391 billion USD in 2020.
  • Approximately 9% of all food and grocery products in the United States were sold online in 2020.
  • Online grocery sales in the United States are predicted to reach 59.5 billion USD by 2023.
  • The average American household spent about 4,400 USD on groceries in 2019.
  • The average markup for grocery items is approximately 25%.
  • Around 68% of consumers in the United States consider eco-friendly attributes when purchasing grocery products.
  • Americans spend around 2 hours and 15 minutes per week on grocery shopping.
  • As of 2019, there were approximately 38,400 supermarkets in the United States.
  • In 2020, the online grocery market in India was worth 3.3 billion USD, making it the second largest online grocery market in the world.
  • Fruits and vegetables make up about 25% of total grocery sales in Europe.
  • The highest number of grocery retailers (around 22%) in the United States are located in the South Atlantic region.
  • In 2018, private label products accounted for 17% of total grocery sales in the United States
  • 95% of US households visit grocery stores at least one time per week.
  • The global organic food and beverage market is projected to reach 210.7 billion USD by 2026.
  • India is home to the highest number of grocery retailers in the Asia-Pacific region, with nearly 2 million outlets.
  • Around 60% of grocery shoppers use mobile devices for product research and to find deals while in-store.
  • Approximately 40% of global grocery sales will be conducted through e-commerce channels by 2025.
  • More than 20% of US consumers purchase their groceries from more than one store during shopping trips.
  • The average US grocery store stocks around 40,000 unique products in their inventory.

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Grocery shopping is an essential part of everyday life, and the global grocery market has grown significantly in recent years. According to Statista, the global grocery market was valued at approximately 10.04 trillion USD in 2019. Walmart is currently the largest grocery retailer in the United States with a sale of 391 billion USD in 2020, while online sales accounted for 9% of all food and groceries sold that same year. Online sales are predicted to reach 59.5 billion USD by 2023 as more consumers turn to digital platforms for their needs.
The average American household spent about 4,400 USD on groceries last year and products typically have a 25% markup rate when purchased from stores or supermarkets – which there were 38,400 of across America as per 2019 statistics. Additionally 68% consider eco-friendly attributes when purchasing items; Americans spend around 2 hours 15 minutes each week on this activity too. India holds second place globally with 3.3 billion US dollars worth online grocery markets whereas Europe’s fruits & vegetables make up 25 percent total retail sales value according to EY research report findings . The South Atlantic region had highest number (22%)of retailers followed by 95 % households visiting store once every week , 17 % private label product share & 60 % shoppers using mobile devices during purchase decisions respectively . Organic Food & Beverage Market size will be 210 Billion Dollars by 2026 ; 40 Percent Global Grocery Sales through eCommerce channels expected 2025 onwards ; More than 20 Percent Consumers buying from multiple stores during single trip also reported recently . Finally Average U S Grocery Store stocks nearly 40 Thousand Unique Products making it one stop shop destination for customers worldwide .

The Most Important Statistics
In 2019, the global grocery market was valued at approximately 10.04 trillion USD.

This statistic is a testament to the sheer size and scope of the global grocery market. It serves as a reminder of the immense economic power of the grocery industry, and the potential for growth and development that it holds. It also highlights the importance of understanding the trends and dynamics of the grocery market in order to make informed decisions and capitalize on opportunities.

Walmart is the largest grocery retailer in the United States, with a grocery sale of 391 billion USD in 2020.

This statistic is a testament to Walmart’s dominance in the grocery retail industry. It highlights the company’s immense success in the sector, and serves as a reminder of the sheer size and scope of their operations. It also serves as a benchmark for other grocery retailers to strive for, and provides an indication of the potential for growth in the industry.

Grocery Statistics Overview

Approximately 9% of all food and grocery products in the United States were sold online in 2020.

This statistic is a telling indication of the growing trend of grocery shopping online. It shows that more and more people are turning to the convenience of online grocery shopping, which is likely to continue to increase in the coming years. This statistic is important for anyone interested in the grocery industry, as it provides insight into the current state of the market and the potential for growth.

Online grocery sales in the United States are predicted to reach 59.5 billion USD by 2023.

This statistic is a testament to the growing importance of online grocery sales in the United States. It shows that the industry is rapidly expanding and is expected to reach a staggering 59.5 billion USD by 2023. This is a clear indication that the grocery industry is evolving and adapting to the changing needs of consumers. It is also a sign that the industry is becoming increasingly competitive, as more and more companies are entering the market. This statistic is a valuable insight into the current state of the grocery industry and provides a glimpse into its future.

The average American household spent about 4,400 USD on groceries in 2019.

This statistic is a telling indication of the importance of groceries in the average American household. It highlights the fact that groceries are a major expense for many households, and that understanding grocery spending trends is essential for budgeting and financial planning.

The average markup for grocery items is approximately 25%.

This statistic is a key indicator of the profitability of grocery items, as it reveals the average amount of money that stores make on each item. Knowing this information can help shoppers make informed decisions about where to purchase their groceries, as well as provide insight into the pricing strategies of different stores. Additionally, this statistic can be used to compare the markups of different stores, allowing shoppers to find the best deals.

Around 68% of consumers in the United States consider eco-friendly attributes when purchasing grocery products.

This statistic is a telling indication of the growing importance of eco-friendly attributes in the grocery shopping decisions of consumers in the United States. It highlights the fact that more and more people are becoming conscious of their environmental impact and are actively seeking out products that are better for the planet. This is an important trend to note for anyone interested in the grocery industry, as it suggests that businesses should be taking steps to make their products more sustainable in order to remain competitive.

Americans spend around 2 hours and 15 minutes per week on grocery shopping.

This statistic is a telling indication of the amount of time Americans dedicate to grocery shopping each week. It speaks to the importance of grocery shopping in the lives of Americans, and how much of their time is devoted to it. This statistic is especially relevant in a blog post about Grocery Statistics, as it provides a snapshot of the amount of time Americans spend on grocery shopping each week.

As of 2019, there were approximately 38,400 supermarkets in the United States.

This statistic is a telling indication of the sheer size of the grocery industry in the United States. With nearly 40,000 supermarkets, it’s clear that grocery shopping is a major part of the American lifestyle. This statistic is a great starting point for exploring the many facets of the grocery industry, from the types of stores to the products they offer.

In 2020, the online grocery market in India was worth 3.3 billion USD, making it the second largest online grocery market in the world.

This statistic is a testament to the immense potential of the online grocery market in India. It highlights the fact that India is a major player in the global online grocery market, and that the industry is growing rapidly. This is an important point to consider when discussing grocery statistics, as it shows the potential for further growth and development in the sector.

Fruits and vegetables make up about 25% of total grocery sales in Europe.

This statistic is a telling indication of the importance of fruits and vegetables in the European grocery market. It shows that a quarter of all grocery sales are made up of these healthy and nutritious items, demonstrating the value that Europeans place on them. This is an important point to consider when discussing grocery statistics, as it highlights the importance of providing access to fresh produce in the region.

The highest number of grocery retailers (around 22%) in the United States are located in the South Atlantic region.

This statistic is significant in the context of grocery statistics as it highlights the importance of the South Atlantic region in the grocery retail industry. It indicates that the South Atlantic region is a major hub for grocery retailers, accounting for a large portion of the total number of grocery retailers in the United States. This is important to note as it can help inform decisions about where to locate new stores, as well as how to best allocate resources to existing stores in the region.

In 2018, private label products accounted for 17% of total grocery sales in the United States

This statistic is a telling indication of the growing influence of private label products in the grocery industry. It shows that more and more consumers are turning to these products as a viable alternative to name-brand items, and that the trend is likely to continue in the future. This is an important point to consider when discussing grocery statistics, as it provides insight into the changing landscape of the industry.

95% of US households visit grocery stores at least one time per week.

This statistic is a powerful indicator of the importance of grocery stores in the lives of US households. It shows that grocery stores are a vital part of the weekly routine for the vast majority of Americans, and that they are an essential part of the economy. This statistic is an important piece of information to include in a blog post about Grocery Statistics, as it provides a clear picture of the importance of grocery stores in the US.

The global organic food and beverage market is projected to reach 210.7 billion USD by 2026.

This statistic is a testament to the growing popularity of organic food and beverage products. It shows that more and more people are becoming aware of the benefits of organic products and are willing to invest in them. This is an important trend to note for anyone interested in the grocery industry, as it indicates that organic products are becoming increasingly popular and profitable.

India is home to the highest number of grocery retailers in the Asia-Pacific region, with nearly 2 million outlets.

This statistic is a testament to the sheer size and scope of India’s grocery retail industry. It highlights the immense potential of the market, and the vast opportunities it presents for businesses looking to capitalize on the country’s booming consumer base. Furthermore, it serves as a reminder of the importance of the grocery sector in India, and the need for businesses to stay abreast of the latest trends and developments in the industry.

Around 60% of grocery shoppers use mobile devices for product research and to find deals while in-store.

This statistic is a clear indication that grocery shoppers are increasingly relying on their mobile devices to make informed decisions while in-store. It highlights the importance of having a mobile-friendly website and digital presence for grocery stores, as well as the need to provide customers with relevant product information and deals.

Approximately 40% of global grocery sales will be conducted through e-commerce channels by 2025.

This statistic is a clear indication of the future of grocery shopping – one that is increasingly digital. By 2025, a significant portion of grocery sales will be conducted through e-commerce channels, demonstrating the growing importance of online shopping for groceries. This statistic is a powerful reminder of the need for grocery stores to stay ahead of the curve and embrace digital technology in order to remain competitive.

More than 20% of US consumers purchase their groceries from more than one store during shopping trips.

This statistic is indicative of the fact that US consumers are increasingly looking for variety when it comes to their grocery shopping. It shows that shoppers are no longer content with just one store, but are instead seeking out multiple stores to find the best deals and the widest selection of products. This is an important insight for anyone looking to understand the grocery shopping habits of US consumers, as it suggests that retailers need to be aware of the competition and offer a variety of products and services to remain competitive.

The average US grocery store stocks around 40,000 unique products in their inventory.

This statistic is a testament to the sheer variety of products available in the average US grocery store. It speaks to the abundance of options available to shoppers, allowing them to find whatever they need in one convenient location. This statistic is a reminder of the convenience and variety that grocery stores offer, making them an essential part of modern life.

Conclusion

The global grocery market is a vast and ever-evolving industry. In 2019, the global grocery market was valued at approximately 10.04 trillion USD, with Walmart being the largest retailer in the United States with 391 billion USD in sales for 2020 alone. Online shopping has become increasingly popular over recent years; 9% of all food and groceries were sold online in 2020, while this number is predicted to reach 59.5 billion USD by 2023 according to Think With Google’s research report on acceleration of online grocery trends.

In addition to these figures, Americans spent an average 4,400 USD on groceries per household in 2019 and had an average markup rate of 25%. Furthermore 68% consider eco-friendly attributes when purchasing products from supermarkets or other stores – which take up around 2 hours 15 minutes out of their week – that stock 40 thousand unique items each. India also holds its own as one of the leading countries for retail outlets (2 million) as well as having 3rd highest value share (3.3 billion US dollars) within Asia Pacific region’s organic food & beverage markets projected to be worth 210 Billion US Dollars by 2026 . Lastly it appears that 60 percent use mobile devices whilst shopping instore ,and 40 percent are expected globally will shop through ecommerce channels come 2025 .

Overall it can be seen that there is no shortage when it comes down to statistics regarding Grocery Shopping across different regions worldwide – whether you’re looking into how much people spend or what percentage prefer buying organically sourced produce – there’s something here for everyone.

References

0. – https://www.smallbusiness.chron.com

1. – https://www.marketingcharts.com

2. – https://www.packagingworld.com

3. – https://www.statista.com

4. – https://www.fooddive.com

5. – https://www.thinkwithgoogle.com

6. – https://www.retaildive.com

7. – https://www.nielsen.com

8. – https://www.progressivegrocer.com

9. – https://www.grocerydive.com

10. – https://www.researchandmarkets.com

11. – https://www.ey.com

12. – https://www.fmi.org

13. – https://www.prnewswire.com

14. – https://www.bls.gov

FAQs

What is the average weekly spending on groceries per household in the United States?

The average weekly spending on groceries per U.S. household is approximately $169.

What is the market share of the largest grocery store chains in the United States?

The largest grocery store chains, Walmart and Kroger, hold market shares of about 20.2% and 9.6%, respectively.

What is the typical profit margin of a grocery store?

The average profit margin for a grocery store ranges between 1% and 3%.

What percentage of grocery sales globally are done online?

As of 2021, approximately 2.5% of total grocery sales globally are done online.

What is the average grocery store's annual sales per square foot?

The average annual sales per square foot for a grocery store is around $570.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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