Supermarkets & Grocery Stores in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 44511Revenue
$829.9bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
3m
Businesses
61,626
Wages
$XX.Xbn
Supermarkets & Grocery Stores in the US industry analysis
Supermarkets and grocery stores have enjoyed growth over the current period. Inflationary woes driving up the cost of products have contributed to revenue growth. Shift consumer preferences have driven demand for premium, organic and all-natural brands, bolstering revenue. Supermarkets were considered essential businesses during the pandemic, which allowed them to remain open and boost their sales drastically. Overall, industry revenue is expected to climb at a CAGR of 0.9% over the past five years to total $829.9 billion, despite a 1.4% dip in 2024.
Trends and Insights
- Supermarkets and grocery stores enjoyed price-based gains. Inflationary pressures pushed the price of groceries and other products, bolstering revenue growth despite smaller sales volumes.
- Wealthier consumers continued to spend more on groceries. These households have higher disposable income, enabling them to purchase premium products and generate higher revenue even amid inflationary pressures.
- Stores follow the population distribution. Highly populated cities generate higher demand for grocery stores, causing retailers to base operations on areas with significant population concentration.
- Consumers are highly price sensitive. This causes consumers to go to stores that are more affordable or offer more deals, enhancing price competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $829.9bn in 2024.
Trends and Insights
Inflationary pressures have had mixed effects
- Supermarkets and grocery stores have grown, driven by inflationary pressures pushing up food prices.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Supermarkets and grocery stores will benefit from a stabilizing economy
- Volatile food prices that have forced consumer behavior to switch their behavior have hurt the performance of supermarkets and grocery stores. Baskets have become smaller, affecting the value of sales.
Biggest companies in the Supermarkets & Grocery Stores in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
The Kroger Co. | 150,384.5 | 2,725.3 | 1.8 | |
Albertsons Companies, Inc. | 79,946.7 | 1,528.2 | 1.9 | |
Publix Super Markets, Inc. | 59,887.5 | 439.9 | 0.7 |
To view the market share and analysis for all 16 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fruit and vegetables, Fresh and frozen meat and Dairy and egg products. Fruit and vegetables is the largest segment of the Supermarkets & Grocery Stores in the US.
Trends and Insights
Changing consumer preferences have altered the beverage segment
- Beverages are highly diverse, ranging from juices and coffee to alcoholic drinks, offering an option for all preferences.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Convenience Stores in the US
- Warehouse Clubs & Supercenters in the US
- Direct Selling Companies in the US
Complementors
- Pharmacies & Drug Stores in the US
- Gas Stations with Convenience Stores in the US
International industries
- Supermarkets & Grocery Stores in Canada
- Supermarkets and Grocery Stores in Australia
- Supermarkets, Grocery Stores and Convenience Stores in New Zealand
- Supermarkets in the UK
- Supermarkets in Ireland
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Retailing a general line of foodRetailing health and beauty productsCompanies
The Kroger Co.Albertsons Companies, Inc.Publix Super Markets, Inc.Purchase this report to view all 16 major companies in this industry.
Related Terms
POINT-OF-SALE SYSTEMPRIVATE LABEL BRANDSPREMIUM BRANDSFRESH FORMAT STORESLIMITED ASSORTMENT STORESIndustry Code
NAICS 44511 - Supermarkets & Grocery Stores in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Supermarkets and grocery stores enjoyed price-based gains. Inflationary pressures pushed the price of groceries and other products, bolstering revenue growth despite smaller ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Wealthier consumers continued to spend more on groceries. These households have higher disposable income, enabling them to purchase premium products and generate higher reven...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Stores follow the population distribution. Highly populated cities generate higher demand for grocery stores, causing retailers to base operations on areas with significant p...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Consumers are highly price sensitive. This causes consumers to go to stores that are more affordable or offer more deals, enhancing price competition.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Large grocers turn to acquisitions to expand their reach. This enables them to establish operations in cities or neighborhoods with steady demand and expand their market shar...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of The Kroger Co.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Albertsons Companies, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Publix Super Markets, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 13 additional companies
Detailed analysis
- Description and key data for The Kroger Co., and factors influencing its performance in the industry
- Description and key data for Albertsons Companies, Inc., and factors influencing its performance in the industry
- Description and key data for Publix Super Markets, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 13 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Rising disposable income boosts demand for groceries. Higher disposable income enables consumers to purchase more products or premium groceries, supporting revenue.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit grows amid rising demand for groceries. Since the pandemic forced many restaurants to shut down, many consumers have turned to cooking, a trend that has remained stron...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Supermarkets & Grocery Stores in the US industry in United States in 2024?
The market size of the Supermarkets & Grocery Stores in the US industry in United States is $829.9bn in 2024.
How many businesses are there in the Supermarkets & Grocery Stores in the US industry in 2024?
There are 61,626 businesses in the Supermarkets & Grocery Stores in the US industry in United States, which has declined at a CAGR of 0.6 % between 2019 and 2024.
Has the Supermarkets & Grocery Stores in the US industry in United States grown or declined over the past 5 years?
The market size of the Supermarkets & Grocery Stores in the US industry in United States has been growing at a CAGR of 0.9 % between 2019 and 2024.
What is the forecast growth of the Supermarkets & Grocery Stores in the US industry in United States over the next 5 years?
Over the next five years, the Supermarkets & Grocery Stores in the US industry in United States is expected to grow.
What are the biggest companies in the Supermarkets & Grocery Stores in the US market in United States?
The biggest companies operating in the Supermarkets & Grocery Stores market in United States are The Kroger Co., Albertsons Companies, Inc. and Publix Super Markets, Inc.
What does the Supermarkets & Grocery Stores in the US in United States include?
Retailing a general line of food and Retailing health and beauty products are part of the Supermarkets & Grocery Stores in the US industry.
Which companies have the highest market share in the Supermarkets & Grocery Stores in the US in United States?
The company holding the most market share in United States is The Kroger Co..
How competitive is the Supermarkets & Grocery Stores in the US industry in United States?
The level of competition is high and increasing in the Supermarkets & Grocery Stores in the US industry in United States.
