The battle between private label and name brands has taken a new form as analysts portend a stagnating global own brand market. The path ahead relies on innovation and retail portfolio synergy, NIQ noted.
Major food companies are losing market share to smaller, often regional brands as consumers – especially Gen Zers – seek out more affordable options. This shift, driven by social media and changing consumer preferences, poses a significant challenge to established brands that rely on measures of success like shelf space and distribution.
Grocery retail in Latin America is thriving, driven in large part by consumer demand for value. Key trends shaping the market include increased importance of private-label brands and e-commerce growth.
Private label continues to maintain dominance over the CPG sector: in 2024, it grew $9 billion from the year before. As a result, opportunities and innovation abound.
The private label category continues to enjoy seismic growth, slated to reach 24% by 2030. In a recent webinar, stakeholders discuss why the category has endured success, and what’s ahead in 2025.
Circana’s annual F&B industry report highlights growing consumer demand for value, with e-commerce and private label brands driving significant sales growth. However, economic uncertainty will challenge the industry to balance affordability with innovative offerings in 2025.
The 2024 PLMA Trade Show showcased private label’s ascent, with U.S. store brand sales projected to surpass $250 billion this year. Trends like globally inspired dips and coffeehouse-style beverages at home captured consumer interest.
Private label represents roughly 19% of the market. It offers brands and retailers an opportunity to deliver on price, taste, and quality.
Retailers are navigating a complex landscape right now marked by regulatory scrutiny, rising shrinkage, and financially stretched consumers. These pressures are forcing retailers to adapt quickly, according to Supermarket Guru Phil Lempert.
Supermarket Guru Phil Lempert discussed the Kroger-Albertsons merger, the rise of private label and more relevant news for grocers.
As consumers continue to stockpile frozen foods, retail operators are leveraging private labels to tap into that demand. Which frozen products are experiencing the most store brand sales growth? FI investigates.
Everything is cyclical. There’s a pendulum at play for any brand investing heavily in the private-label game – as more house brands populate shelves with similar names and cheaper prices than their national brand counterparts, public perception of the parent company may swing along with the pendulum; in other words, some consumers may begin to question what they’re compromising when their carts are full of private-label goods instead of the national brands they may have been buying last week, last quarter, or last year. So swings the pendulum as a blade of commerce.
CPG manufacturing platform Keychain has appointed Mitchell Madoff to Head of Retail Partnerships. The Foxtrot transplant and former Head of Whole Foods Private Label brings with him an extensive background in CPG and private label spanning over two decades.
For many major retailers, the latest quarterly results tell a familiar tale: consumers are fed up with high prices, spending less, and commodifying their loyalty by taking the best deal right now, regardless of whose logo adorns their grocery bag or shopping cart.
At the 2024 BMO Farm to Market Conference, a few key themes emerged for the food, beverage, and agriculture sectors.
For the first time in the report’s history, the top six brands – all of them – are store brands, from retailers like Walmart, Amazon, and Target.
The current line of Cinema Sweets launched in December and sales have been brisk. “We’re quite pleased,” he said, brandishing an R2-D2 popcorn holder from a Star Wars release years ago, “and it’s definitely been a good launch for us across more than 550 domestic theaters.”
Despite some titans of the pantry and cookie jar winning in their categories (Keebler’s Chips Deluxe Fudgy in the Cookie category; Dr. Pepper Strawberries & Cream in Soft Drink), better-for-you offerings not only abounded but won several snacking categories.
On July 1, Hein Schumacher took over as chief executive officer of Unilever. His appointment followed a long search that brought him into the company from Dutch dairy co-op Royal FrieslandCampina, and his immediate mandate …
Millennials grew up with store brands and they see them for what they are – a brand. Without a doubt, there is a transformation taking place in the private brand mainstream tier where products are moving away from strict equivalency to national brands and becoming true national brand alternatives.
The alt-dairy category experienced significant economic pressure in 2023, but private label performance was strong. Here are a few featured products from the November Private Label Manufacturers Association (PLMA) show.
Monolithic allegiance has given way to the brands and companies that can provide the best, most convenient, and value-driven experiences, making every consumer a seven-headed hydra.
The latest Food Institute news podcast touches on the push for $25 per hour among employees at a major U.S. restaurant chain.
Low-income shoppers are more cautious than ever when choosing a grocer—companies that can meet their needs have an opportunity to develop relationships that last a lifetime.
The latest FI news podcast touches on private label’s huge year so far, plus the plant-based category’s sluggishness.
Private label has become a major category for retailers: 59% of executives say they will continue to prioritize private label, while 21% say their private label efforts will be accelerated, according to a survey by …
According to Circana Group and reported by The Wall Street Journal, nearly half of American consumers snack three times or more every day, a figure up 8% in the past two years. Last year, U.S. snack sales soared to over $180 billion, up 11% from the previous year.
2022 was a fantastic year for larger food manufacturers, and there’s one clear reason why: the majors have been able to stress pricing.
In trying to control household costs, consumers often turn to private-label products, which the Private Label Manufacturers Association reported grew at 11.3% — to a record $228.6 billion last year. “Lacking the marketing cost component …
The latest Food Institute news podcast touches on modern consumers’ increasing focus on value and affordability.
A top executive with S&P Global Ratings said proper forecasting will be imperative for retailers this year, as fading uncertainty enables new opportunities.
Mainstream grocers can learn priceless lessons from successful off-price brands like Aldi, according to one industry analyst. Chief among those lessons is the value of growing private-label offerings.
The Plant-Based Foods pavilion at the recent Private Label Trade Show hosted numerous exhibitors offering plant-based products to address consumer concerns about health, the environment, and animal welfare.
Inflation means price-conscious shoppers are trading brand loyalty for promotion hunting habits, but smart grocers can still instill loyalty in their existing shoppers. In fact, grocers can even use this time as an opportunity to …
Store-brand baking mix sales are on the rise, as shoppers seek “from-scratch” taste without time-consuming work.
