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2024 U.S. Industry Statistics & Market Forecast - Supermarkets and Other Grocery Retailers


Market Size & Industry Statistics

The total U.S. industry market size for Supermarkets and Other Grocery Retailers : Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Supermarkets & Grocery Stores industry is rapidly evolving, with a number of key trends shaping its future direction. One major trend is the ongoing shift towards online and mobile shopping. As consumers increasingly rely on digital technologies to make purchasing decisions and order groceries for home delivery or pickup, supermarkets are racing to adapt to this new retail landscape.

Another trend in the industry is the growing demand for fresh, organic and eco-friendly products. Consumers are increasingly health-conscious and environmentally aware, and they expect supermarkets to offer a wide range of organic, local and sustainable products. As a result, many supermarkets are focusing on improving their supply chain and sourcing practices to meet these demands.

Consolidation is another important trend in the industry, with larger retailers acquiring smaller grocery chains in order to gain economies of scale and increase market share. This trend is likely to continue as the competition in the supermarket space intensifies.

Finally, the use of data analytics and customer engagement technologies is becoming increasingly important in the industry. Supermarkets are collecting vast amounts of data on consumers' shopping habits and using this information to improve their marketing, pricing and product offerings. By leveraging advanced analytics and engagement technologies like loyalty programs and mobile apps, supermarkets hope to better engage customers and drive sales in a highly competitive retail market.



Product & Services Breakdown

Research products and services in the Supermarkets and Other Grocery Retailers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Groceries & Other Food Items For Human Consumption Off The Premises

Produce, Including Fresh & Prepackaged Fruits & Vegetables

Frozen Foods, Including Packaged Foods Sold In A Frozen State

Dairy Products & Related Foods, Including Milk, Cheese, Butter, Yogurt, Eggs.

Bakery Products Baked On Premises

Bakery Products Not Baked On The Premises, Excluding Frozen

Delicatessen Items, Including Deli Meats & Other Service Deli Items

Ice Cream & Other Frozen Dairy Products

Meat & Poultry, Including Prepackaged Meats

Fish & Seafood, Including Refrigerated Prepackaged Fish & Seafood

Candy, Prepackaged Cookies, & Snack Foods

Bottled, Canned, Or Packaged Soft Drinks & Other Nonalcoholic Beverages

All Other Groceries & Food Items

Packaged Liquor, Wine, & Beer

Distilled Spirits, Including Liquor, Brandy, & Liqueurs

Wine

Beer & Ale

Cigars, Cigarettes, Tobacco, & Smokers' Accessories, Excluding Sales From Vending Machines Operated By Others

Drugs, Health Aids, Beauty Aids, Including Cosmetics

Prescriptions

Nonprescription Medicines

Vitamins, Minerals, & Other Dietary Supplements

Cosmetics, Including Face Cream, Make-Up, Perfumes & Colognes.

Personal Hygiene Supplies

Health Aids & Home Healthcare Equipment

Household Soaps, Detergents, Cleaners, & Cleaning Supplies

Household Cleaning Supplies

Household Soaps, Detergents, & Cleaners

Paper & Related Products, Including Paper Towels, Toilet Tissue, Wraps, Bags, Foils.

Paper & Plastic Tableware

Gift Wrap, Gift Bags, & Tissue Paper

Paper Towels, Napkins, Toilet & Facial Tissue, & Food Wraps, Bags, Foils & Other Related Products

Men's Wear, Including Accessories

Women's, Juniors', & Misses' Wear, Including Accessories

Children's Wear, Including Boys', Girls', & Infants' & Toddlers' Clothing & Accessories

Footwear, Including Accessories

Curtains, Draperies, Blinds, Slipcovers, Bed & Table Coverings

Small Household Appliances & Personal Care Appliances

Audio Equipment, Musical Instruments (New & Used), Radios, Audio Electronic Components, CDs, Records, Tapes, Audio Books, Sheet

Kitchenware & Home Furnishings

Decorative Accessories & Home Furnishings

Kitchenware

Books, Including E-Books

Toys, Hobby Goods, & Games

Sporting Goods & Recreational Equipment

Hardware, Tools, & Plumbing & Electrical Supplies

Lawn, Garden, & Farm Equipment & Supplies

Automotive Fuels

Automotive Lubricants, Including Oil, Greases.

Household Fuels, Including Oil, Lp Gas, Wood, Coal

Pets, Pet Foods, & Pet Supplies

Baby Goods Not Elsewhere Classified, Including Bottles, Monitors, Carriers, Swings.

All Other Merchandise

Stationery Products

Office, School, & Packaging Supplies

Greeting Cards, Calendars, Maps, Road Atlases

Magazines & Newspapers

Ice

Nonautomotive Batteries

Seasonal Decorations

Meals, Unpackaged Snacks, Sandwiches, Unpackaged Ice Cream & Yogurt, Bakery Items, Other Food Items & Nonalcoholic Beverages Prepared

Soup & Salad Bars

All Other Meals & Snacks, Including Hot Coffee, Fountain Drinks & Prepared Sandwiches.

Meals, Snacks, & Beverages Prepared For Catered Events

All Other Merchandise, Excluding Lottery Ticket Sales/Commissions

All Nonmerchandise Receipts

Receipts From Photocopying, Faxing, & Check Cashing Services

All Other Nonmerchandise Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Supermarkets and Other Grocery Retailers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Supermarkets and Other Grocery Retailers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Supermarkets and Other Grocery Retailers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 12%
Cooks and Food Preparation Workers 6%
Food Preparation Workers 6%
Food Preparation Workers 6%
Sales and Related Occupations 39%
Supervisors of Sales Workers 5%
First-Line Supervisors of Sales Workers 5%
First-Line Supervisors of Retail Sales Workers 5%
Retail Sales Workers 33%
Cashiers 28%
Cashiers 28%
Office and Administrative Support Occupations 7%
Production Occupations 7%
Food Processing Workers 6%
Transportation and Material Moving Occupations 28%
Material Moving Workers 25%
Laborers and Material Movers 25%
Stockers and Order Fillers 21%
Source: Bureau of Labor Statistics


Supermarkets and Other Grocery Retailers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Supermarkets and Other Grocery Retailers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Supermarkets and Other Grocery Retailers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Supermarkets and Other Grocery Retailers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Supermarkets and Other Grocery Retailers

  • Feb 27, 2024: STOICK'S INC (Mobridge, SD) awarded $3,500




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