U.S. Private Label Market - Statistics & Facts

U.S. Private Label Market - Statistics & Facts

Statistics and facts on the private label market in the U.S.

Private label brands are a line of products in a wide range of industries that provide a lower cost alternative to regional, national or international brands. In 2013, the market share of private label brands in the United States was 18 percent. In autumn of 2012, a survey revealed that just over 95 million U.S. residents consumed store brand or private label food within the last thirty days.

The perception of private label brands used to be quite negative. In 2011, 17 percent of U.S. consumers felt PLB's were for people on tight budgets who couldn't afford the best; but due to the economic downturn in recent years, consumers have changed their mind-set on these products. 33 percent of North American consumers have come to the realization that, in terms of quality and value, these products are equally as good as the name brands they used to purchase. As a result, 94 percent of consumers in North America will continue to buy private label products when the economy improves.

Private label brands provide various advantages for retailers. They help control over-pricing of products and services, provide higher control on production, marketing distribution and profits, which in turn helps build value and recognition from their customers.

Photo: istockphoto.com / skynesher

Show more   

Recommended statistics about “Private Label Market”
Recommended Studies
  • The complete topic in one convenient package
  • Instant access and download
  • Great time-saver
You may also be interested in...