With store brands now surpassing $110 billion in sales, the Private Label Manufacturers Association (PLMA) reported that shoppers are reaching for a retailer’s brand for one out of every four products they buy at the supermarket.
Mid-year market share was 23.3 percent in supermarkets. Across all channels, private label recorded sales gains of 4.6 percent annually on average from 2009 to the present, vs. average growth of 1.6 percent for national brands, according to statistics published by The Nielsen Co.
The growth confirms reports in the New York Times as well as the current issue of Consumer Reports magazine regarding the popularity of store brands.
“The importance of store brands with today’s consumers,” according to PLMA President Brian Sharoff, “is based on the ability of retailers to identify product categories that reflect today’s lifestyles. From microwaveables to organics, retailers are in a better position than national brands to respond to shoppers’ needs and tastes.”
In the feature graphic at top: Across all channels, store brands recorded sales gains of 4.6 percent annually on average from 2009 to the present, vs. average growth of 1.6 percent for national brands.