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The private label food and beverages market size is forecast to increase by USD 204.6 billion at a CAGR of 6.9% between 2024 and 2029.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Private label food and beverages are a significant category In the US retail market, with supermarkets, hypermarkets, grocery stores, hard discount stores, dollar stores, and convenience stores serving as the primary distribution channels. The expansion of private label companies In the US is a key growth driver for this segment. For instance, Aldi Stores, a German-owned chain known for its affordable prices and private label brands, expanded its footprint In the Southeast region in 2023, opening new locations throughout Louisiana. With a 15,000 square meter retail space, Aldi's new store in Shenzhen, China, is strategically located near the North high-speed rail station In the Longhua district.
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The offline segment was valued at USD 312.20 billion in 2019 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European market is a significant sector, with consumers increasingly preferring these products as cost-effective alternatives to branded items. Retailers, including supermarkets and hypermarkets, convenience stores, dollar stores, general merchandise retailers, department stores, e-retailers, and others, have been investing heavily in brand development and product promotion. Private labels cater to various categories such as non-GMO bakery products, cereals, dairy products, yogurt, ice cream, baby food, poultry, eggs, fish, condiments and sauces, deli dressings, salads, gravies and sauces, general food, savory snacks, confectionery, soup, processed food, coffee, tea, bottled water, juices, carbonated beverages, sports drinks, alcoholic drinks, and more. These offerings are accessible through both online and offline channels, providing consumers with convenience and flexibility. The market's growth can be attributed to the increasing focus on health benefits, premium private-label products, and product quality.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing dollar value share of private label brands is the key driver of the market.
Increasing online presence of private label brands is the upcoming market trend.
Low penetration of companies is a key challenge affecting the industry growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide array of product categories, including bakery items, cereals, dairy products, yogurt, ice cream, baby food, poultry, egg, fish, condiments and sauces, deli dressings, salads, gravies and sauces, general food, savory snacks, confectionery, soup, processed food, coffee, tea, bottled water, juices, carbonated beverages, sports drinks, and alcoholic drinks. This market caters to various retail channels, such as supermarkets and hypermarkets, convenience stores, dollar stores, general merchandise retailers, department stores, e-retailers, and others. The demand for beverages continues to grow, driven by several factors. Consumers are increasingly seeking healthier options, leading to the popularity of non-GMO and organic products.
In addition, the rise of premium private-label products has also contributed to the market's expansion. These offerings often provide better value and quality than their branded counterparts, making them attractive to price-sensitive consumers. Labeling plays a crucial role In the food and beverage market. Consumers are becoming more conscious of the ingredients In their food and beverages, leading to a greater emphasis on clear and accurate labeling. Product quality is another essential factor, with retailers focusing on sourcing high-quality ingredients and implementing rigorous production processes to meet consumer expectations. Dairy products, including milk, cheese, and yogurt, are a significant segment of the market.
Moreover, consumers are increasingly turning to dairy products due to their affordability and perceived quality. Meat, particularly poultry and eggs, is another popular category, with offerings gaining traction due to their competitive pricing and consistent quality. Beverages, such as coffee, tea, bottled water, juices, carbonated beverages, sports drinks, and alcoholic drinks, are also essential components of the market. Consumers are drawn to beverages due to their affordability and the convenience they offer. The market is highly competitive, with retailers continually striving to differentiate themselves through product innovation, pricing strategies, and marketing efforts.
In addition, the market is also subject to various trends and consumer preferences, requiring retailers to remain agile and responsive to changing market dynamics. Retailers must remain innovative and responsive to meet the ever-changing needs and expectations of their customers. The market encompasses a wide range of product categories, from bakery items and cereals to dairy products, meat, and beverages. Regardless of the specific category, the focus on product quality, labeling, and consumer value remains a constant theme.
Market Scope |
|
Report Coverage |
Details |
Page number |
196 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
Market growth 2025-2029 |
USD 204.6 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
6.4 |
Key countries |
US, Switzerland, Germany, UK, China, India, Canada, Japan, Brazil, and UAE |
Competitive landscape |
Leading Companies, market growth and forecasting , Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Distribution Channel
9 Market Segmentation by Product
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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