GMV reached $158.8 billion, and private brands occupied the largest market share in the United States

GMV reached $158.8 billion, and private brands occupied the largest market share in the United States

Private label brands saw double-digit sales growth and strong unit volumes in 2020 as the COVID-19 pandemic lifted grocery sales, the Private Label Manufacturers Association ( PLMA) said recently. But store brands’ market share remained stable as national brands gained ground.

 

99% of American households buy private label brands

 

Data shows that private label sales in the United States totaled $158.8 billion in 2020, up 11.6% from $142.3 billion in 2019. National brands grew slightly, from $587.4 billion the previous year to $657.2 billion in 2020, an increase of 11.9%.

 

Despite the dramatic changes brought on by the coronavirus crisis, private label brands still account for about one-third of every four consumer packaged goods (CPG) items sold in these retail channels and about one-fifth of every five dollars spent.

 

So far in 2020, COVID- related retail impacts have ranged from panic buying by shoppers in the early months (leading to ongoing supply chain disruptions in high-demand categories) to socially distanced in-store shopping and a near doubling of year-over-year online sales.

 

Survey data shows that 99% of American households purchased private labels last year . Nationwide lockdowns and restaurant closures have also triggered a major shift in consumer purchases from food services to grocery stores as Americans adjust their lifestyles to remote schools and workplaces.

 

Paper products are the highest-selling category

 

Across all retail channels, household paper and plastics became the largest private label category in 2020, reaching $10.7 billion, or 37.4% of the total category, largely due to the increased use of toilet paper , paper towels , napkins , facial tissue, and disposable plates , cups, and utensils during the early stages of the COVID-19 pandemic .

 

In 2020, store brands will account for 23% of all grocery dollars and 25% of units sold, including sales from retailers not captured in point-of-sale scanning data. Those figures also include about $40 billion in private-label sales from shoppers at leading clubs, discounters and other retailers with extensive private-label programs.

 

In general, the habits of American consumers have also changed with the COVID-19 pandemic. Private brands are becoming more and more popular among consumers, and sellers also need to pay close attention.

 


GMV

Private Label

market share

<<:  E-commerce has a bright future, Indonesian logistics startup Shipper receives $63 million in financing

>>:  American Eagle Q1 sales to exceed $1 billion

Recommend

Engineer quits his job to work for Amazon, earning $100,000 a month

Not long ago, an Amazon seller shared that he mad...

What is Wandebrother? Wandebrother Review, Features

Wande Brothers (Shenzhen Wande Brothers Global Sup...

Amazon India launches five-day Freedom Sale

Recently, Amazon India launched a five-day promot...

5 years in prison! Seller convicted of selling counterfeit goods on eBay

Recently, a U.S. federal court sentenced Mr. and ...

As the US snowstorm hits, Etsy releases hardcore subsidies

Recently, a snowstorm hit the United States, and ...

What is Chuangzhi Cloud Warehouse? Chuangzhi Cloud Warehouse Review, Features

Chuangzhi Cloud Warehouse is a technology company...

South Korea fines Google $177 million for market monopoly

Recently, according to Reuters, South Korea's...

Is the asset-light model suitable for Amazon?

According to this definition, Amazon in the past ...

Another big seller is delisted! Annual sales once exceeded 1 billion

Zhongheng Pet’s listing was terminated. The Lunar...