LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global private-label food and beverage market in US since 2016, and the market is poised to grow by USD 20.4 billion during 2019-2023, progressing at a CAGR of around 3% during the forecast period. Request Free Sample Pages
Read the 106-page research report with TOC on "Private-label Food and Beverage Market in US Analysis Report by product (private-label food and private-label beverage), by distribution channel (offline distribution channel and online distribution channel), and segment forecasts, 2019 - 2023".
The market is driven by the premiumization of private-label food and beverage products. Also, the expansion of private-label brands into specialty products is anticipated to further boost the growth of the private-label food and beverage market in the US.
Private label brands are not very popular among consumers in the US when compared to European countries. As a result, many private-label brand vendors in the US are trying to gain popularity among consumers by offering them premium products. This has encouraged vendors like Whole Foods Market in the US to provide premium seafood products under its premium private-label category, Whole Catch. Various grocery retailers are targeting consumers of varying income levels by providing economical products along with luxury goods. Thus, the premiumization of private-label food and beverage products is expected to drive market growth during the forecast period.
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Major Five Private-label Food and Beverage Market in US Companies:
Amazon.com Inc.
Amazon.com Inc. owns and operates businesses under various business segments, including North America, International, and AWS. The company offers a wide range of food and beverages through its private-label brand, 365 everyday value.
Costco Wholesale Co.
Costco Wholesale Co. manufactures and offers products through the following business units: United States operations, Canadian operations, and other international operations. The company provides a wide range of food and beverages through its private-label brand, Kirkland Signature.
Target Brands, Inc.
Target Brands, Inc. operates under its retail segment. The company operates through this single segment that includes all its continuing operations, which are designed to enable product purchases through its stores and digital channels.
The Kroger Co.
The Kroger Co. owns and operates businesses under its business segment called retail operations. The company offers a wide range of food and beverages through its private-label brand, Simple Truth.
Walmart Inc.
Walmart Inc. owns and operates businesses under various business segments, including Walmart US, Walmart International, and Sam’s club. The company offers a wide range of food and beverages through its private-label brand, Sam’s choice.
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Private-label Food and Beverage Market in US Product Outlook (Revenue, USD Million, 2019 - 2023)
- Private-label food
- Private-label beverage
Private-label Food and Beverage Market in US Distribution Channel Outlook (Revenue, USD Million, 2019 - 2023)
- Online-distribution channel
- Offline-distribution channel
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