North America Grocery Market Report and Forecast 2025-2034
Description
The North America grocery market was valued at USD 1.68 Trillion in 2024. The industry is expected to grow at a CAGR of 4.60% during the forecast period of 2025-2034 to attain a valuation of USD 2.63 Trillion by 2034.
North America Grocery Market Growth
Amidst rising economic pressures, retailers and manufacturers are focusing on developing private-label brands. This is because they provide relatively higher profit margins as compared to branded products.
Online distribution channels are expected to personalise consumers’ grocery shopping experiences. Tech companies are expected to bolster their collaboration with online grocery retailers to drive the sales of health and wellness products. Moreover, the establishment of retail media networks is enabling third-party vendors to sell their products online, thereby propelling the market growth.
Generative AI applications such as ChatGPT are facilitating consumers’ purchase decisions by answering their questions related to recipe ingredients, low-calorie snacks, and lactose-free dairy products, among others.
The shift towards sustainability is prompting North American grocery stores to prioritise their ESG goals, as their electricity consumption could soar by an average of 40% by 2030. Organisations like Walmart have already taken major initiatives to prevent/minimise the release of 1 billion metric tons of GHG gases by 2030, which is leading to a reduction in global emissions. Furthermore, investments in plastic recycling solutions are expected to optimise companies’ waste management strategies and contribute to the market growth.
North America Grocery Industry Segmentation
North America Grocery Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Packaged Food
Unpackaged Food
Drinks
Tobacco
Household Products
Others
Market Breakup by Distribution Channel
Hypermarkets/Supermarkets
Convenience Stores
Online Channels
Others
Market Breakup by Country
United States
Canada
North America Grocery Market Share
Based on product type, the market is divided into packaged food, unpackaged food, drinks, tobacco, and household products, among others. The demand for packaged food and drinks is expected to register significant growth in the forecast period, as food and beverage companies introduce innovative options for healthy snacking and use ingredients which improve cognitive functions.
Leading Companies in the North America Grocery Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Nestlé S.A.
The Procter & Gamble Company
Unilever plc
The Coca-Cola Company
Pepsico, Inc.
Mondelez International Inc.
Danone SA
General Mills Inc.
Kraft Heinz Co.
Kellanova
Others
The expansion of leading grocery stores by key players is aiding the market expansion.
North America Grocery Market Growth
Amidst rising economic pressures, retailers and manufacturers are focusing on developing private-label brands. This is because they provide relatively higher profit margins as compared to branded products.
Online distribution channels are expected to personalise consumers’ grocery shopping experiences. Tech companies are expected to bolster their collaboration with online grocery retailers to drive the sales of health and wellness products. Moreover, the establishment of retail media networks is enabling third-party vendors to sell their products online, thereby propelling the market growth.
Generative AI applications such as ChatGPT are facilitating consumers’ purchase decisions by answering their questions related to recipe ingredients, low-calorie snacks, and lactose-free dairy products, among others.
The shift towards sustainability is prompting North American grocery stores to prioritise their ESG goals, as their electricity consumption could soar by an average of 40% by 2030. Organisations like Walmart have already taken major initiatives to prevent/minimise the release of 1 billion metric tons of GHG gases by 2030, which is leading to a reduction in global emissions. Furthermore, investments in plastic recycling solutions are expected to optimise companies’ waste management strategies and contribute to the market growth.
North America Grocery Industry Segmentation
North America Grocery Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Packaged Food
Unpackaged Food
Drinks
Tobacco
Household Products
Others
Market Breakup by Distribution Channel
Hypermarkets/Supermarkets
Convenience Stores
Online Channels
Others
Market Breakup by Country
United States
Canada
North America Grocery Market Share
Based on product type, the market is divided into packaged food, unpackaged food, drinks, tobacco, and household products, among others. The demand for packaged food and drinks is expected to register significant growth in the forecast period, as food and beverage companies introduce innovative options for healthy snacking and use ingredients which improve cognitive functions.
Leading Companies in the North America Grocery Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
Nestlé S.A.
The Procter & Gamble Company
Unilever plc
The Coca-Cola Company
Pepsico, Inc.
Mondelez International Inc.
Danone SA
General Mills Inc.
Kraft Heinz Co.
Kellanova
Others
The expansion of leading grocery stores by key players is aiding the market expansion.
Table of Contents
112 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Grocery Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Grocery Historical Market (2018-2024)
- 5.3 Global Grocery Market Forecast (2025-2034)
- 5.4 Global Grocery Market Breakup by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Grocery Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Grocery Historical Market (2018-2024)
- 6.3 North America Grocery Market Forecast (2025-2034)
- 7 North America Grocery Market by Product Type
- 7.1 Packaged Food
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Unpackaged Food
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Drinks
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Tobacco
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Household Products
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 North America Grocery Market by Distribution Channel
- 8.1 Hypermarkets/Supermarkets
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Convenience Stores
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Online Channels
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 North America Grocery Market by Country
- 9.1 United States
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Nestlé S.A.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 The Procter & Gamble Company
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Unilever plc
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 The Coca-Cola Company
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Pepsico, Inc.
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Mondelez International Inc.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Danone SA
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 General Mills Inc.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Kraft Heinz Co.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Kellanova
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 Others
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