GITNUX MARKETDATA REPORT 2024

Us Grocery Industry Statistics

The US grocery industry continues to experience steady growth, with e-commerce playing an increasingly important role in shaping consumer behavior and market trends.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and insights about the US grocery industry, shedding light on its vast market size, major players, consumer behaviors, and emerging trends. With data ranging from the industry valuation to online shopping trends, this comprehensive overview provides a glimpse into the dynamic landscape of grocery retail in the United States.

Statistic 1

"The US grocery industry was valued at approximately $1.04 trillion in 2020."

Statistic 2

"There are more than 38,500 supermarkets in the United States."

Statistic 3

"The grocery industry’s average profit margin was around 2.2% in 2020."

Statistic 4

"The top grocery retailer in the US is Walmart, with a 23% market share."

Statistic 5

"9.8% of the total US workforce is employed by the grocery industry."

Statistic 6

"Online grocery shopping in the US hit $8.4 billion in November 2020."

Statistic 7

"The organic food market in the US had a growth rate of 5.9% in 2019."

Statistic 8

"The average size of a grocery store in the US is between 6,000 and 7,000 square feet."

Statistic 9

"Daily grocery sales per square foot average at $11.89 in the US."

Statistic 10

"Each week, nearly 85% of US adults visit a grocery store."

Statistic 11

"About 70% of US consumers say they shop for groceries more than once a week."

Statistic 12

"About 25% of US consumers stated that they bought groceries online at least once a week in 2020."

Statistic 13

"Around 25% of grocery purchases were influenced by digital in 2020."

Statistic 14

"In 2019, the average American spent $323 per month on groceries."

Statistic 15

"Grocery sales through curbside pickup grew by 208% in 2020."

Statistic 16

"The net profit margin for grocery stores typically falls between 1% and 3%."

Statistic 17

"Cheese is the most purchased item in grocery stores across the US."

In conclusion, the US grocery industry is a massive sector with significant economic impact. The industry’s current value of approximately $1.04 trillion, supported by more than 38,500 supermarkets, reflects its substantial presence in the market. Despite the relatively low average profit margin of 2.2%, major players such as Walmart dominate with a significant market share. The rise of online grocery shopping, evident in the $8.4 billion sales in November 2020, shows a shift in consumer behavior. With trends like growing organic food market, increasing digital influence on purchases, and the surge in curbside pickup sales, the grocery industry is dynamic and continually evolving to meet consumer demands.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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