Key Takeaways
- The global private label market was valued at $1.12 trillion in 2023, with a projected CAGR of 5.8% from 2024 to 2030.
- US private label grocery sales hit $247 billion in 2023, up 5.5% from the previous year.
- Private label penetration in Europe reached 38% of total grocery sales in 2023.
- In the US, private label market share in grocery reached 19.5% in 2023.
- Aldi private labels account for 90% of its US sales volume in 2023.
- In Switzerland, private label share of grocery sales is 52% as of 2023.
- 67% of US consumers prefer private label products for value in 2023 surveys.
- 72% of European shoppers buy private label weekly, per 2023 Kantar study.
- In the US, 55% of millennials choose private labels over national brands.
- Private label R&D investment rose 15% globally in 2023.
- 45% of new private label products feature sustainable packaging.
- Plant-based private label launches up 28% in Europe 2023.
- Aldi US private label gross margins averaged 28% in 2023.
- Walmart private label contributed $60B to revenue in FY2023.
- Lidl Europe private label EBITDA margin at 7.2% in 2023.
The private label industry is booming globally as consumers increasingly prefer these affordable products.
Consumer Preferences
- 67% of US consumers prefer private label products for value in 2023 surveys.
- 72% of European shoppers buy private label weekly, per 2023 Kantar study.
- In the US, 55% of millennials choose private labels over national brands.
- 81% of UK consumers perceive private labels as equal quality to brands.
- Global survey shows 64% prioritize price, driving private label choice.
- In Germany, 76% of consumers trust retailer own-brands in food.
- 62% of French shoppers buy premium private labels regularly.
- US Gen Z: 70% willing to try new private label innovations.
- In Australia, 68% cite sustainability as reason for private label pick.
- 75% of Brazilian consumers view private labels as good value.
- Netherlands: 80% of seniors buy private label dairy products.
- 59% of global consumers switched to private labels post-inflation.
- In Italy, 71% prefer private label pasta for taste similarity.
- Canada: 66% of families choose private label baby products.
- 73% of Spanish shoppers loyal to Mercadona private labels.
- US Hispanics: 65% higher private label purchase rate.
- In China, 58% young consumers embrace private label cosmetics.
- 69% of UK parents select private label snacks for kids.
- Poland: 74% rate private label quality as improved.
- 61% global boomers now buy private label health products.
Consumer Preferences Interpretation
Financial Performance
- Aldi US private label gross margins averaged 28% in 2023.
- Walmart private label contributed $60B to revenue in FY2023.
- Lidl Europe private label EBITDA margin at 7.2% in 2023.
- Kroger private brands generated $10B sales with 25% margin.
- Tesco UK own-label profit growth 11% to £2.5B.
- Costco Kirkland Signature $40B sales, 30% of total revenue.
- Carrefour France private label ROI 18% higher than branded.
- Sainsbury's private label sales £15B, margin 5.8%.
- Mercadona Spain private labels 45% profit contribution.
- Target Good & Gather $5B sales, 22% growth margin.
- Woolworths Australia private label $12B AUD revenue.
- Edeka Germany own-brands €20B turnover, 6% margin.
- Rewe Group private label €15B sales volume.
- Metro AG private label international €8B, up 9%.
- ICA Sweden own-label SEK 50B, 4.5% operating margin.
- Coop Denmark private brands DKK 20B sales.
- Migros Switzerland private label CHF 10B, 28% market share profit.
- Jumbo Netherlands own-label €4B, high single-digit margins.
- Aldi Nord Germany private label €30B, efficiency gains 3%.
- Schwarz Group Lidl €100B+ group private label revenue.
- Ahold Delhaize US private label $15B contribution.
- Colruyt Belgium own-brands €6B, stable 5% margins.
- Kesko Finland private label €2B sales growth.
Financial Performance Interpretation
Innovation & Trends
- Private label R&D investment rose 15% globally in 2023.
- 45% of new private label products feature sustainable packaging.
- Plant-based private label launches up 28% in Europe 2023.
- US private label premium tier grew 12% with 500+ SKUs.
- AI-driven private label formulation adopted by 30% retailers.
- Private label clean label claims increased 22% globally.
- Keto-friendly private labels surged 35% in North America.
- 60 new private label EV charging accessories launched in 2023.
- Functional beverage private labels up 40% in Asia.
- Private label zero-sugar products doubled in UK launches.
- Blockchain traceability in 25% of premium private labels.
- Private label CBD-infused foods tested in 10 US states.
- Upcycled ingredients in 18% European private label snacks.
- Voice commerce optimized for 15% private label sales growth.
- Private label AR try-on for beauty apps used by 20M users.
- Regenerative ag in 12% US private label dairy sourcing.
- NFT-linked private label collectibles launched by 5 retailers.
- High-protein private label bakery up 50% in launches.
- Metaverse private label pop-ups seen by 10M virtual shoppers.
- Biodegradable private label pet waste bags 300% growth.
Innovation & Trends Interpretation
Market Share
- In the US, private label market share in grocery reached 19.5% in 2023.
- Aldi private labels account for 90% of its US sales volume in 2023.
- In Switzerland, private label share of grocery sales is 52% as of 2023.
- Walmart's private label brands represent 25% of its total grocery sales.
- UK's discounters like Lidl have 85% private label product mix in 2023.
- In Germany, private label holds 42% of the dairy category market share.
- Costco's Kirkland Signature brand makes up 25% of store sales.
- France's private label share in household cleaners is 35% in 2023.
- Trader Joe's entire product assortment is 100% private label.
- In the Netherlands, private label beverages hold 45% market share.
- Belgium private label grocery share at 40% in 2023.
- Amazon's private labels account for 5% of its US grocery sales.
- Italy's private label pasta market share is 28%.
- In Australia, Woolworths private labels hold 30% grocery share.
- Spain's Mercadona has 80% private label products in assortment.
- Private label share in US snacks category is 22% in 2023.
- Lidl UK's private label sales 82% of total revenue.
- In Poland, private label holds 35% of FMCG market.
- Target's Good & Gather private label is 20% of food sales.
- Private label frozen foods share in Canada 25%.
- Aldi's private label dairy share in Germany 70%.
- In Brazil, private label beverages 18% market share.
- Kroger's private labels represent 28% of store sales.
- Private label pet food share in UK 30%.
- In Mexico, Walmart private labels 15% grocery share.
Market Share Interpretation
Market Size & Growth
- The global private label market was valued at $1.12 trillion in 2023, with a projected CAGR of 5.8% from 2024 to 2030.
- US private label grocery sales hit $247 billion in 2023, up 5.5% from the previous year.
- Private label penetration in Europe reached 38% of total grocery sales in 2023.
- The private label dairy market grew by 6.2% globally in 2022, reaching $180 billion.
- China's private label market expanded to $150 billion in 2023, with 12% YoY growth.
- Private label sales in the UK increased by 10.4% in 2023 to £45 billion.
- The global private label beauty and personal care segment was worth $45 billion in 2023.
- Brazil's private label market grew 8.7% in 2023, totaling R$120 billion.
- Private label household products market hit $90 billion globally in 2023.
- India's private label sector reached INR 500 billion in FY2023, up 15%.
- Private label share in Australian grocery sales was 28% in 2023.
- The pet food private label market grew to $25 billion globally in 2023.
- Germany's private label sales rose 7.1% to €85 billion in 2023.
- Private label apparel market valued at $200 billion worldwide in 2023.
- South Korea's private label market hit KRW 40 trillion in 2023, up 9%.
- Private label baby care products reached $15 billion globally in 2023.
- France private label grocery penetration at 32% in 2023.
- Global private label snacks market grew 11% to $60 billion in 2023.
- Mexico's private label sales increased 12.5% to MXN 300 billion in 2023.
- Private label health & wellness products hit $35 billion in 2023.
- Italy's private label market share reached 25% of FMCG in 2023.
- Global private label beverages market valued at $120 billion in 2023.
- Turkey private label growth at 14% YoY, reaching TRY 200 billion.
- Private label frozen foods market expanded to $50 billion globally.
- Spain's private label sales up 9.2% to €30 billion in 2023.
- Private label electronics accessories market at $10 billion in 2023.
- Netherlands private label penetration highest in EU at 42% in 2023.
- Global private label confectionery sales $40 billion in 2023.
- Canada's private label grocery sales $35 billion CAD, up 6%.
- Private label bakery products market grew to $70 billion worldwide.
Market Size & Growth Interpretation
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