How big is the U.S. food retail industry?

In the United States, retail and food services sales amounted to 6.2 trillion U.S. dollars in 2019, increasing for the tenth successive year. The total number of supermarkets in the U.S. has remained around 38,000 for several years. Supermarket food sales hit an estimated 447 billion U.S. dollars in 2018, which accounted for nearly 60 percent of the U.S. retail grocery market. As of January 2020, national chain Walmart operated 4,756 stores, and its U.S. segment generated net sales of 341 billion U.S. dollars.

Online developments in the food retail industry

Shoppers in the United States make about 1.6 trips to grocery stores on average per week, but this could all be about to change. More Americans are heading to websites to place grocery orders, and online sales are forecast to capture ten percent of the total grocery market in 2020. Greater convenience and improved delivery options are among the reasons why online grocery shopping sales in the United States are projected to reach nearly 60 billion U.S. dollars by 2023. Walmart and other conventional stores in the food retail industry have already developed some form of online offering for customers, but shoppers can now purchase groceries through Amazon as well.

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