The retail landscape has become extremely competitive with high pressure coming from multiple retail formats. Traditional grocers operate in the same market as hard discount stores, which have seen recent growth due to inflation. Meanwhile, physical stores benefit from new technologies and online channels. This blending of in-store and online purchases enables consumers to shape their own unique and personalized shopping experiences.
Consumer behavior has played a significant role in shaping the evolving landscape of food retail. An example of this is the rise of ready meals, available for purchase in stores or through online subscriptions with home delivery, granting consumers the opportunity to recreate the restaurant experience within their own homes. Home delivery of groceries has also become a fiercely competitive arena, with retailers and third-party services vying to provide the lowest fees and quickest delivery times.
Food and beverage retail store sales in the United States from 2018 to 2022, by format (in million U.S. dollars)
Further details: Visit original statistic Food and beverage retail store sales in the United States from 2018 to 2022, by format (in million U.S. dollars)
Over the course of five years, food and beverage retail store sales have seen a substantial growth, with an increase of close to 30 percent. First the impact of the pandemic and later that of food inflation, as well as shifts in consumer behavior have shaped the industry landscape. While all food & beverage retails formats displayed growth, convenience stores exhibited the highest overall growth. Conversely, specialty food stores exhibited the lowest level of growth in comparison
Number of stores of the leading supermarkets in the U.S.Sales share of food and beverage retail in the United States in 2022, by format
Further details: Visit original statistic Sales share of food and beverage retail in the United States in 2022, by format
Food and beverage stores constitute a considerable chunk of food retail sales, making them one of the most profitable industry segments. Despite the growth of convenience stores sales, their share still remains quite low at just under five percent in 2022. It is supermarkets and grocery stores which still make up the lion's share, and accounted for 85 percent of the market in the same year.
U.S. convenience storesRevenue of the online food delivery market worldwide from 2017 to 2029, by segment (in trillion U.S. dollars)
Further details: Visit original statistic Revenue of the online food delivery market worldwide from 2017 to 2029, by segment (in trillion U.S. dollars)
Online grocery delivery has experienced remarkable growth, with the pandemic serving as a driving force behind this trend. Demand for food and grocery delivery has skyrocketed as a result, driving significant growth in industry revenues. The global food delivery market generated over one trillion U.S. dollars in revenue in 2023, of which 640 billion dollars came from the grocery delivery segment alone.
Revenue of the online food delivery market in countries around the worldKroger's supermarket sales from 2014 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Kroger's supermarket sales from 2014 to 2023 (in billion U.S. dollars)
Kroger is the main supermarket banner in the United States, generating 132.3 billion U.S. dollars from its supermarket sales. In Europe, Schwarz-Gruppe and Tesco are the main multinational groups, operating in several retail sectors besides food and beverage. Other leading grocery retailers include the French retailer Carrefour and the Germany-based hard discount supermarket Aldi, which has been steadily increasing its number of U.S. stores.
Supermarkets in the U.S.
The food & beverage retail category includes statistics on retail distribution channels and purchase locations including mass merchandisers, supermarkets, bakeries, and confectioners, as well as stores selling alcoholic beverages such as beer, wine, and liquor.
In addition to key performance indicators describing the performance and profitability of physical grocery stores, the category also presents financial highlights and business results of main retail companies. Besides this, it provides survey data about the general attitude of consumers towards grocery shopping.
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