Supermarkets & Grocery Stores in the US - Industry Market Research Report

Supermarkets & Grocery Stores in the US - Industry Market Research Report
Supermarkets & Grocery Stores in the US

Supermarkets and Grocery Stores offer general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. Grocers have benefited from a strong economy with increasing levels of disposable income, allowing it to grow at a CAGR of 1.9% to $845.3 billion over the five years to 2023, including a 0.4% increase in 2023 alone. This has resulted in a shift in preferences, driving demand for premium, organic and all-natural brands, helping lift industry revenue. Supermarkets were considered essential businesses during the pandemic, which allowed them to remain open and increase their sales drastically. This was primarily caused by many restaurants being unable to operate. Since, many people have maintained the habit of cooking at home, causing them to buy more groceries than prior to the pandemic.

The Supermarkets and Grocery Stores industry accounts for the largest food retail channel in the United States. Operators in this industry retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. Delicatessens primarily retailing food are also included.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.