Key Takeaways
- The U.S. grocery retail market was valued at $1.02 trillion in 2023, representing a 4.1% year-over-year growth driven by inflation and volume increases.
- Global retail food market size reached $28.5 trillion in 2022, projected to grow at a CAGR of 5.8% from 2023 to 2030 due to rising disposable incomes in emerging markets.
- In Europe, the food retail sector generated €1.8 trillion in sales in 2023, with a 2.7% growth rate amid economic recovery post-COVID.
- U.S. grocery retail sales per capita reached $3,050 in 2023, up from $2,950 in 2022.
- Walmart U.S. grocery sales generated $240 billion in FY2023, 60% of total revenue.
- Kroger Co. reported $148 billion in supermarket sales for FY2023, down 0.5% YoY.
- 52.4% of U.S. consumers shopped at the same grocery store weekly in 2023.
- 68% of U.S. grocery shoppers used loyalty programs in 2023, influencing 25% of purchases.
- Online grocery shopping penetration reached 25% of U.S. households in 2023.
- U.S. grocery industry employed 5.8 million workers in 2023.
- Average hourly wage for U.S. grocery clerks was $15.40 in 2023.
- Supermarkets operated 40,000+ stores in the U.S. in 2023.
- Plant-based product sales grew 22% YoY in U.S. grocery in 2023.
- 78% of U.S. consumers sought sustainable packaging in groceries in 2023.
- Online grocery sales share projected to hit 22% by 2025.
The global retail food industry grew strongly in 2023, driven by inflation and new consumer trends.
Consumer Behavior
- 52.4% of U.S. consumers shopped at the same grocery store weekly in 2023.
- 68% of U.S. grocery shoppers used loyalty programs in 2023, influencing 25% of purchases.
- Online grocery shopping penetration reached 25% of U.S. households in 2023.
- 41% of consumers prioritized price over brand in grocery shopping in 2023.
- U.S. consumers made 2.8 grocery trips per week on average in 2023.
- 55% of millennials bought private label groceries weekly in 2023.
- 73% of U.S. parents shopped for kid-friendly healthy snacks in 2023.
- Hispanic consumers represented 22% of U.S. grocery spenders in 2023, growing fastest.
- 62% of Boomers preferred in-store grocery shopping over online in 2023.
- 47% of U.S. consumers tried new grocery products monthly in 2023.
- Gen Z shoppers allocated 35% of grocery budget to plant-based items in 2023.
- 59% of consumers read nutrition labels more frequently in 2023.
- Urban U.S. dwellers shopped grocery 15% more online than rural in 2023.
- 64% of shoppers used mobile apps for coupons in grocery stores in 2023.
- Women made 78% of U.S. grocery purchasing decisions in households in 2023.
- 52% of consumers switched grocers for better prices in 2023.
- Low-income households increased bulk buying by 28% in 2023.
- 71% of U.S. consumers bought local produce in 2023.
- Impulse buys accounted for 32% of grocery basket value in 2023.
- 48% of shoppers avoided plastic packaging in groceries in 2023.
- Elderly consumers (65+) shopped 1.9 times weekly, preferring full-service stores in 2023.
- 66% of parents prioritized allergen-free products in 2023.
- Asian-American shoppers spent 20% more per trip on specialty items in 2023.
- 57% of consumers used buy-online-pickup-in-store (BOPIS) monthly in 2023.
Consumer Behavior Interpretation
Employment & Operations
- U.S. grocery industry employed 5.8 million workers in 2023.
- Average hourly wage for U.S. grocery clerks was $15.40 in 2023.
- Supermarkets operated 40,000+ stores in the U.S. in 2023.
- Grocery retail turnover per employee averaged $285,000 in U.S. 2023.
- 28% of U.S. grocery workforce was part-time in 2023.
- Inventory turnover ratio for U.S. groceries averaged 14.2 times per year in 2023.
- Average U.S. supermarket size was 46,000 sq ft in 2023.
- U.S. grocery stores had 2.1 million checkout transactions daily in 2023.
- 15% of grocery employees received health benefits in 2023.
- Shrinkage rate in U.S. grocery retail was 1.6% of sales in 2023.
- U.S. supermarkets stocked average 40,000 SKUs per store in 2023.
- Labor costs represented 25% of U.S. grocery operating expenses in 2023.
- 3,200 new grocery stores opened in U.S. in 2023.
- Average store manager salary in U.S. groceries was $72,500 in 2023.
- Self-checkout lanes handled 40% of U.S. grocery transactions in 2023.
- U.S. grocery supply chain employed 1.2 million truck drivers in 2023.
- Energy costs were 4.2% of grocery store operating expenses in 2023.
- 62% of U.S. supermarkets used AI for inventory management in 2023.
- Average checkout wait time reduced to 2.1 minutes in 2023 via tech.
- U.S. grocery wholesalers handled $450 billion in sales in 2023.
- 18% employee turnover rate in U.S. grocery retail in 2023.
- Robotic picking used in 12% of large grocery DCs in 2023.
- U.S. grocery stores averaged 120 employees per location in 2023.
- Rent occupied 8.5% of grocery operating costs in 2023.
- 45% of grocery workforce trained in food safety annually in 2023.
Employment & Operations Interpretation
Market Size & Growth
- The U.S. grocery retail market was valued at $1.02 trillion in 2023, representing a 4.1% year-over-year growth driven by inflation and volume increases.
- Global retail food market size reached $28.5 trillion in 2022, projected to grow at a CAGR of 5.8% from 2023 to 2030 due to rising disposable incomes in emerging markets.
- In Europe, the food retail sector generated €1.8 trillion in sales in 2023, with a 2.7% growth rate amid economic recovery post-COVID.
- U.S. supermarket sales accounted for 66% of total grocery market share in 2023, valued at approximately $670 billion.
- The Asia-Pacific food retail market expanded to $12.3 trillion in 2023, fueled by urbanization and e-commerce penetration at 15%.
- Canadian grocery retail sales hit CAD 120 billion in 2023, with a 5.2% increase attributed to private label growth.
- U.K. food and grocery market value stood at £220 billion in 2023, growing 6.8% YoY due to online sales surge.
- In 2023, Brazil's retail food sector reached BRL 850 billion, with 7.1% growth from expanded hypermarket formats.
- Australia's supermarket industry generated AUD 130 billion in 2023, up 4.5% driven by fresh produce demand.
- India's organized food retail market grew to INR 7.5 trillion in FY2023, at 18% CAGR since 2019.
- U.S. convenience store foodservice sales hit $32 billion in 2023, contributing to overall market growth of 3.9%.
- China's grocery retail market valued at RMB 55 trillion in 2023, with 6.2% growth from new retail models.
- Mexico's food retail sector reached MXN 2.1 trillion in 2023, growing 5.6% amid nearshoring trends.
- Germany's food retail turnover was €185 billion in 2023, up 2.4% with discounters gaining 1.2% share.
- France's hypermarkets and supermarkets sales totaled €210 billion in 2023, 3.1% growth from organic products.
- South Korea's convenience store food sales reached KRW 45 trillion in 2023, 8.5% YoY growth.
- U.S. club store grocery sales grew to $220 billion in 2023, 6.7% increase capturing bulk buying trends.
- Japan's supermarket sector sales hit JPY 14 trillion in FY2023, with 1.8% growth despite deflation.
- Turkey's organized food retail market expanded to TRY 1.2 trillion in 2023, 12% growth from inflation.
- U.S. ethnic grocery stores market reached $25 billion in 2023, growing 9.2% YoY.
- Global online grocery sales hit $350 billion in 2023, 12.5% of total food retail market.
- Netherlands food retail sales were €55 billion in 2023, up 3.9% with premium segment expansion.
- U.S. dollar store food sales reached $50 billion in 2023, 10.1% growth capturing value shoppers.
- Spain's food distribution market valued at €140 billion in 2023, 4.2% growth from exports.
- U.S. total grocery market projected to reach $1.15 trillion by 2027, CAGR 3.1% from 2023.
- Southeast Asia food retail market to grow at 7.2% CAGR to $1.8 trillion by 2028.
- U.K. independent grocers contributed £12 billion to market in 2023, 5.4% share.
- U.S. fresh food retail segment valued at $450 billion in 2023, 44% of total groceries.
- Global hypermarket sales reached $4.2 trillion in 2023, 2.8% growth slowdown.
- Italy's large-scale food retail turnover was €85 billion in 2023, up 2.9%.
Market Size & Growth Interpretation
Sales & Revenue
- U.S. grocery retail sales per capita reached $3,050 in 2023, up from $2,950 in 2022.
- Walmart U.S. grocery sales generated $240 billion in FY2023, 60% of total revenue.
- Kroger Co. reported $148 billion in supermarket sales for FY2023, down 0.5% YoY.
- Costco Wholesale food and sundries sales hit $180 billion in FY2023, up 8.2%.
- Aldi U.S. sales reached $18 billion in 2023, with 5.1% comparable store sales growth.
- Amazon Fresh and Whole Foods combined grocery sales approximated $25 billion in 2023.
- U.S. private label grocery sales totaled $248 billion in 2023, 19.5% market share.
- Dollar General food sales contributed $28 billion to $39.5 billion total revenue in FY2023.
- Target Corp. grocery sales grew 4.3% to $42 billion in FY2023.
- Publix Super Markets sales reached $57.5 billion in 2023, up 5.1% YoY.
- U.S. organic food retail sales hit $67 billion in 2023, 9% growth.
- Albertsons Companies supermarket sales were $77.6 billion for FY2023, flat YoY.
- H-E-B grocery sales estimated at $43 billion in 2023, leading Texas market.
- U.K. Tesco grocery sales £68 billion in FY2023, 9.2% like-for-like growth.
- Lidl U.S. sales surpassed $10 billion in 2023, with 10% store expansion.
- U.S. fresh produce department sales reached $78 billion in 2023, up 4.7%.
- Meijer Inc. sales totaled $19.6 billion in 2023, 3.8% grocery growth.
- U.S. dairy retail sales were $130 billion in 2023, 2.1% decline in volume.
- Wakefern Food Corp. (ShopRite) sales $19.5 billion in FY2023, up 7.2%.
- Instacart-facilitated grocery sales hit $30 billion in 2023, 15% marketplace growth.
- U.S. meat and poultry retail sales totaled $140 billion in 2023, 3.5% increase.
- Sainsbury's U.K. grocery sales £31 billion in FY2023, 11.4% growth.
- U.S. bakery products retail sales reached $55 billion in 2023, up 5.2%.
- Hy-Vee Inc. sales $13 billion in 2023, with grocery at 78% of total.
- U.S. beverage retail sales (non-alcoholic) $250 billion in 2023, 4% growth.
- Food Lion sales estimated $18.7 billion in 2023, 4.8% comp growth.
- U.S. snack food retail sales hit $48 billion in 2023, 6.3% YoY increase.
- Giant Eagle sales $11.5 billion in FY2023, grocery dominant segment.
- U.S. household essentials grocery sales $120 billion in 2023, up 7.1%.
Sales & Revenue Interpretation
Trends & Sustainability
- Plant-based product sales grew 22% YoY in U.S. grocery in 2023.
- 78% of U.S. consumers sought sustainable packaging in groceries in 2023.
- Online grocery sales share projected to hit 22% by 2025.
- Zero-waste stores numbered 150+ globally in 2023.
- U.S. grocery carbon footprint averaged 2.5 tons CO2 per store annually in 2023.
- Ghost kitchens integrated into 15% of grocery stores in 2023.
- Regenerative agriculture sourced 8% of U.S. grocery produce in 2023.
- Contactless payments reached 65% of grocery transactions in 2023.
- Meal kit sales in grocery retail grew 12% to $4.5 billion in 2023.
- 35% of grocers adopted blockchain for supply chain traceability in 2023.
- Food waste reduced by 10% in U.S. supermarkets via donation apps in 2023.
- Electric delivery vans used by 20% of major grocers in 2023.
- Personalized marketing via AI influenced 28% of grocery sales in 2023.
- CPG brands launched 5,200+ new grocery products in 2023.
- Subscription grocery models grew 18% user base in 2023.
- 52% of grocers expanded fresh-cut produce sections in 2023.
- Voice commerce for grocery orders tripled to 5% share in 2023.
- Upcycled food ingredients featured in 12% new products in 2023.
- Grocery micro-fulfillment centers numbered 250 in U.S. by 2023.
- 67% consumers willing to pay premium for carbon-neutral groceries in 2023.
- Autonomous delivery robots served 10 cities' groceries in 2023.
- Functional foods sales up 15% to $35 billion in grocery 2023.
- 40% grocers piloted metaverse shopping experiences in 2023.
- Water usage per grocery store dropped 12% via efficiency tech in 2023.
Trends & Sustainability Interpretation
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