The US food and grocery retail market is anticipated to grow at a CAGR of around 4.5% during the forecast period. Given the unprecedented spike in unemployment figures and economic deterioration in the first quarter of 2020, it is likely that price-conscious behavior will become prevalent for the rest of the year 2020 and will likely persist in the near future. Private brands will likely continue to strengthen as Aldi, Lidl, Costco, and Trader Joe’s continuing to grow and consumers seek out store brand products perceived as a higher value relative to name brand products. Shoppers are also likely to be drawn toward discounters, particularly for commodity categories and items. Industry players with a greater variety of low-cost commodity offerings online, with low transaction costs, will also benefit from a rebound in price-conscious behavior in the wake of the pandemic’s economic fallout.

The US food and grocery retail market is segmented on the basis of product and distribution channels. Based on the product, the food and grocery retail market is segmented into packaged foods, unpackaged foods, beverages, and other household products. Based on distribution channel, the market is segmented into modern grocery retailers that is an online channel and traditional grocery retailers that is the offline channel. 

The retailing giants such as Sysco Corp., US Foods, Inc., Walmart, Inc., and WinCo Foods, Inc. reside in the US. These companies have been experiencing unusually strong traffic and sales, particularly in its stores for same-day services due to the outbreak of the COVID-19. Most of these companies have experienced strong sales in February 2020. The COVID-19 pandemic triggered a significantly greater lift in sales across both physical retail stores and digital channels in March 2020. 

Research Methodology

The market study of the US food and grocery retail market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US Food and Grocery Retail Market Research and Analysis By Product
2. US Food and Grocery Retail Market Research and Analysis By Distribution Channel

The Report Covers

• Comprehensive research methodology of the global food and grocery retail market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global food and grocery retail market.
• Insights about market determinants which are stimulating the global food and grocery retail market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.