Private label food and beverages market size to grow by USD 281.15 billion between 2023-2027; Increasing dollar value share of private label brands to boost growth - Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The global private label food and beverages market size is projected to grow by USD 281.15 billion between 2022 and 2027, accelerating at a CAGR of 6.39% during the forecast period, according to Technavio. The growth of the market is driven by the increasing dollar value share of private label brands. The dollar value share of private label food and beverages has increased considerably over the years. For instance, in the US retail market, the dollar value share of food and beverage and beauty and personal care products increased from 17.5% in 2013 to 18% in 2018. The growth can be attributed to the competitive pricing and easy availability of private label products. Many consumers are confidently purchasing private label brands rather than searching for products from a popular brand that is available at a distant store. This shift in consumer buying patterns will continue during the forecast period, which, in turn, will support the growth of the market during the forecast period. Know insights about the impact of drivers, trends, and challenges, historic & forecast 2017 to 2021, 2022 to 2027 - Download a Sample PDF Report

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Private Label Food and Beverages Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our private label food and beverages market report covers the following areas:

• Private Label Food and Beverages Market size
• Private Label Food and Beverages Market trends
• Private Label Food and Beverages Market industry analysis

Private Label Food and Beverages Market 2023-2027: Segmentation

Private Label Food and Beverages Market is segmented as below:

• Product 
• Food
• Beverages

The market growth in the food segment will be significant over the forecast period. Vendors operating in this segment are focusing on the premiumization of their products as well as extending their product offerings under the special category. Besides, the growing consumer inclination toward organic food is encouraging vendors to introduce a wide range of private-label organic food products. Such developments are fostering the growth of the segment.

• Distribution Channel
• Offline
• Online

Offline distribution channels will account for the maximum revenue generation in the market. Factors such as the rapid geographic expansion of private label vendors and the convenience offered by offline stores are driving the growth of the segment.

• Geography

• North America 
• The U.S.
• Canada

• Europe 
• The U.K.
• Germany
• France
• Rest of Europe

• APAC 
• China
• India

• Middle East & Africa 
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa
• South America 
• Argentina
• Brazil
• Chile

North America will account for 33% of the market growth during the forecast period. Consumer spending on private label food and beverages in countries such as the US and Canada is higher than the global average. Private label brands are gaining significant popularity in the luxury segment as well. This is encouraging major players in the market to extend their product offerings in the premium segment. All these factors are creating significant opportunities for vendors operating in North America.

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Private Label Food and Beverages Market 2023-2027: Vendor Landscape

The global private label food and beverages market is fragmented due to the presence of numerous vendors. The market includes companies of varying sizes. Some are more specialized than others and some companies have larger financial resources than other companies. The vendors in the market compete on various aspects, including product differentiation, portfolio, and pricing. The rising competition among vendors may force them to reduce product prices, which might have a negative impact on their profit margins as well as on market growth. Some of the key players covered in the report include:

• Amazon.com Inc.
• Carrefour SA
• Costco Wholesale Corp.
• Dollar General Corp.
• Edeka Zentrale Stiftung
• Giant Eagle Inc.
• Giant of Maryland LLC
• HEB LP
• Hy Vee Inc.
• Koninklijke DSM NV
• Lidl US LLC
• Sobeys Inc.
• Southeastern Grocers LLC
• Target Corp.
• The Kroger Co.
• Trader Joes Co.
• United Natural Foods Inc.
• Walmart Inc.
• Wegmans Food Markets Inc.

Private Label Food and Beverages Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist private label food and beverages market growth during the next five years
• Estimation of the private label food and beverages market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the private label food and beverages market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of private label food and beverages market vendors

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Related Reports:

• The packaged vegan foods market is estimated to grow at a CAGR of 14.92% between 2022 and 2027. The size of the market is forecast to increase by USD 25,695.71 million. The rise of private label brands is notably driving the vegetarian packaged food market growth, although factors such as the high price and limited awareness may impede the market growth.
• The jam jelly and preserve packaging market is estimated to grow at a CAGR of 4.3% between 2022 and 2027. The size of the market is forecast to increase by USD 30.01 million. The strong distribution networks and omnichannel presence of vendors are notably driving the market growth, although factors such as product recalls may impede the market growth.

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Table Of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global private label food and beverages market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global private label food and beverages market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Food - Market size and forecast 2022-2027
• Exhibit 34: Chart on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Food - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Food - Year-over-year growth 2022-2027 (%)

• 6.4 Beverages - Market size and forecast 2022-2027
• Exhibit 38: Chart on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Beverages - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product
• Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Aldi Stores Ltd.
• Exhibit 108: Aldi Stores Ltd. - Overview
• Exhibit 109: Aldi Stores Ltd. - Product / Service
• Exhibit 110: Aldi Stores Ltd. - Key offerings

• 12.4 Amazon.com Inc.
• Exhibit 111: Amazon.com Inc. - Overview
• Exhibit 112: Amazon.com Inc. - Business segments
• Exhibit 113: Amazon.com Inc. - Key news
• Exhibit 114: Amazon.com Inc. - Key offerings
• Exhibit 115: Amazon.com Inc. - Segment focus

• 12.5 Carrefour SA
• Exhibit 116: Carrefour SA - Overview
• Exhibit 117: Carrefour SA - Business segments
• Exhibit 118: Carrefour SA - Key offerings
• Exhibit 119: Carrefour SA - Segment focus

• 12.6 Costco Wholesale Corp.
• Exhibit 120: Costco Wholesale Corp. - Overview
• Exhibit 121: Costco Wholesale Corp. - Business segments
• Exhibit 122: Costco Wholesale Corp. - Key offerings
• Exhibit 123: Costco Wholesale Corp. - Segment focus

• 12.7 Dollar General Corp.
• Exhibit 124: Dollar General Corp. - Overview
• Exhibit 125: Dollar General Corp. - Business segments
• Exhibit 126: Dollar General Corp. - Key offerings
• Exhibit 127: Dollar General Corp. - Segment focus

• 12.8 Edeka Zentrale Stiftung
• Exhibit 128: Edeka Zentrale Stiftung - Overview
• Exhibit 129: Edeka Zentrale Stiftung - Product / Service
• Exhibit 130: Edeka Zentrale Stiftung - Key offerings

• 12.9 Giant Eagle Inc.
• Exhibit 131: Giant Eagle Inc. - Overview
• Exhibit 132: Giant Eagle Inc. - Product / Service
• Exhibit 133: Giant Eagle Inc. - Key offerings

• 12.10 Giant of Maryland LLC
• Exhibit 134: Giant of Maryland LLC - Overview
• Exhibit 135: Giant of Maryland LLC - Product / Service
• Exhibit 136: Giant of Maryland LLC - Key offerings

• 12.11 HEB LP
• Exhibit 137: HEB LP - Overview
• Exhibit 138: HEB LP - Product / Service
• Exhibit 139: HEB LP - Key offerings

• 12.12 Hy Vee Inc.
• Exhibit 140: Hy Vee Inc. - Overview
• Exhibit 141: Hy Vee Inc. - Product / Service
• Exhibit 142: Hy Vee Inc. - Key offerings

• 12.13 Target Corp.
• Exhibit 143: Target Corp. - Overview
• Exhibit 144: Target Corp. - Product / Service
• Exhibit 145: Target Corp. - Key news
• Exhibit 146: Target Corp. - Key offerings

• 12.14 The Kroger Co.
• Exhibit 147: The Kroger Co. - Overview
• Exhibit 148: The Kroger Co. - Product / Service
• Exhibit 149: The Kroger Co. - Key offerings

• 12.15 Trader Joes Co.
• Exhibit 150: Trader Joes Co. - Overview
• Exhibit 151: Trader Joes Co. - Product / Service
• Exhibit 152: Trader Joes Co. - Key offerings

• 12.16 United Natural Foods Inc.
• Exhibit 153: United Natural Foods Inc. - Overview
• Exhibit 154: United Natural Foods Inc. - Business segments
• Exhibit 155: United Natural Foods Inc. - Key offerings
• Exhibit 156: United Natural Foods Inc. - Segment focus

• 12.17 Walmart Inc.
• Exhibit 157: Walmart Inc. - Overview
• Exhibit 158: Walmart Inc. - Business segments
• Exhibit 159: Walmart Inc. - Key news
• Exhibit 160: Walmart Inc. - Key offerings
• Exhibit 161: Walmart Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations
• Exhibit 168: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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