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2024 U.S. Industry Statistics & Market Forecast - Grocery and Related Product Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Grocery and Related Product Merchant Wholesalers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Grocery and Related Product Merchant Wholesalers industry include:- Increasing demand for organic and locally sourced products
- Growth in e-commerce and online ordering platforms
- Expansion of private label offerings
- Enhanced focus on sustainability and eco-friendly practices
- Consumer preference shifts towards health and wellness products
- Supply chain optimization and technology integration
- Heightened competition from discount retailers and direct-to-consumer models
- Regulatory changes impacting product labeling and safety
- Adoption of advanced analytics and data-driven decision-making
- Impact of global trade policies and tariffs
Product & Services Breakdown
Research products and services in the Grocery and Related Product Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Miscellaneous Home Furnishings, Including Household Containers, Flatware, Pans, Baskets, And Kitchen Utensils |
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Restaurant And Hotel Equipment And Supplies |
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Electric And Gas Household Appliances, Excluding Plumbing |
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Other Small Electric Household Appliances |
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Commercial Laundry And Dry-Cleaning Equipment And Supplies |
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Paper And Plastic Products |
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Pharmaceuticals, Pharmaceutical Supplies, Cosmetics, And Toiletries, Including Body And Hand Soaps |
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Packaged Frozen Food |
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Frozen Meals |
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Frozen Fish And Seafood Products |
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Frozen Vegetables |
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Frozen Fruits And Fruit Juices |
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Frozen Meat Products |
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Frozen Baked Goods |
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Other Frozen Foods, Excluding Frozen Dairy Products |
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Frozen Poultry Products |
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Dairy Products, Excluding Dried, Canned, Condensed, And Evaporated Dairy Products |
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Butter |
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Cheese |
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Milk And Cream, Excluding Raw Milk And Cream |
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Ice Cream And Other Frozen Dairy Products |
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Raw Milk And Cream |
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Other Dairy Products |
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Yogurt |
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Eggs, Poultry, And Poultry Products, Excluding Canned And Frozen Poultry Products |
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Poultry Not Slaughtered On Location, Excluding Frozen And Canned Poultry Products |
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Confectioneries, Including Candy, Nuts, Chips, And Popcorn |
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Candy, Including Chocolate |
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Chewing Gum |
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Nuts, Except Raw |
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Chips And Popcorn |
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Other Confectioneries |
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Fish And Seafood, Excluding Canned And Frozen Fish And Seafood |
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Fresh Meat And Meat Products |
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Beef Not Slaughtered On Location |
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Veal Not Slaughtered On Location |
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Lamb And Mutton Not Slaughtered On Location |
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Pork Not Slaughtered On Location |
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Sausage And Prepared Meats Made On Location |
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Sausage And Prepared Meats Not Made On Location |
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Meat From Animals Slaughtered On Location |
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Other Meat And Meat Products, Including Bison, Venison, Deli (Sliced) Meats, And Edible Organs |
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Fresh Fruits And Vegetables |
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Coffee, Tea, And Powdered Drink Mixes |
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Coffee, Excluding Bottled And Canned |
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Tea, Excluding Bottled And Canned |
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Powdered Drink Mixes |
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Bread, Baked Goods, And Baking Ingredients |
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Bread And Rolls |
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Cookies And Cakes |
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Cooking Oils And Margarine |
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Flour |
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Refined Sugar |
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Spices |
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Baking Mixes And Dough |
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Other Baked Goods, Including Crackers |
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Nonperishable (Canned And Packaged) Food |
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Nonperishable (Canned And Packaged) Fruits And Vegetables |
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Baby Food |
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Nonperishable (Canned And Packaged) Meat |
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Nonperishable (Canned And Packaged) Fish And Seafood |
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Nonperishable (Canned And Packaged) Milk |
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Pickles And Olives |
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Preserves, Jellies, Jams, Peanut Butter, And Honey |
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Sauces, Salad Dressing, Dips, And Vinegar |
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Condiments |
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Soup |
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Other Nonperishable (Canned And Packaged) Food, Including Nonperishable Poultry Products |
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Soft Drinks, Bottled Water, Juices, And Nonalcoholic Beverages |
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Packaged Soft Drinks |
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Pre-Mix And Post-Mix Bulk Soft Drinks |
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Bottled Water |
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Nonalcoholic Beer And Mixers |
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Sport And Energy Drinks, Including Bottled And Canned Coffee And Tea |
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Nonfrozen Fruit And Vegetable Juices |
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Food And Beverage Basic Materials, Including Flavoring Extracts, Fruit Peel, Sausage Casings, Hop Extract, Malt, And Yeast |
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Grocery Specialties |
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Breakfast Cereals And Bars |
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Pasta |
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Rice |
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Packaged Meals, Excluding Frozen |
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Other Grocery Specialties |
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Grains, Beans, And Seeds |
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Pets And Pet Supplies |
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Pet Food |
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Chemicals And Allied Products, Excluding Agricultural Chemicals, Plastics, Industrial And Natural Gases, Liquefied Petroleum (Lp |
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Other Chemicals And Allied Products |
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Home Cleaning Chemical Solutions, Polishes, And Waxes |
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Beer, Ale, And Brewers' Products |
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Wine And Distilled Alcoholic Beverages |
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Farm Supplies |
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Tobacco And Tobacco Products |
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Miscellaneous Nondurable Goods, Including Wigs, Yarns, And Leather Products |
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Service Receipts And Labor Charges, Including Installed Parts |
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Miscellaneous Commodities |
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Rental And Operating Lease Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Grocery and Related Product Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Grocery and Related Product Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Grocery and Related Product Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 9% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 6% | |||
| Sales and Related Occupations | 18% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing | 14% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 12% | |||
| Office and Administrative Support Occupations | 14% | |||
| Production Occupations | 5% | |||
| Transportation and Material Moving Occupations | 36% | |||
| Motor Vehicle Operators | 15% | |||
| Driver/Sales Workers and Truck Drivers | 15% | |||
| Heavy and Tractor-Trailer Truck Drivers | 8% | |||
| Material Moving Workers | 19% | |||
| Laborers and Material Movers | 17% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 8% | |||
| Stockers and Order Fillers | 7% | |||
Grocery and Related Product Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Grocery and Related Product Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Grocery and Related Product Merchant Wholesalers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Grocery and Related Product Merchant Wholesalers industry. |
Innovation News
- Jun 13, 2024: G.o.a.t. Fuel patents Ready-to-drink Energy Beverage
- May 23, 2024: Terramino patents Textured Protein Material Containing Fungi, Methods Of Making The Same, And Uses Thereof
- Apr 11, 2024: Restaurant Technologies patents System And Method To Clean A Range Exhaust
- Apr 08, 2024: Byheart raises $150 million in funding.
- Mar 07, 2024: Wandering Bear raises $2 million in funding.
- Jan 30, 2024: Original Gourmet Food trademarks "CRAZY POP STRAWS" - Candy; Lollipops
- Jan 26, 2024: Lipari Foods Operating trademarks "SWEETS THROUGH THE AGES" - Candy; Marshmallows; Confectionery made of sugar
- Jan 26, 2024: Lipari Foods Operating trademarks "LEHMANN FARMS" - Non-alcoholic cocktail mixes
- Sep 29, 2023: Hatcheri Food Platform SPV raises $1 million in funding.
Recent Federal Contracts for Grocery and Related Product Merchant Wholesalers
- Apr 02, 2024: K & S VACUUMS AND JANITORIAL SUPPLIES, INC. (Leesburg, FL) awarded $13,655
- Apr 01, 2024: ROCKY STEP FARM LLC (Scott Depot, WV) awarded $65,196
- Apr 01, 2024: NIMBUS INTERNATIONAL LLC (Oro Valley, AZ) awarded $15,257
- Mar 28, 2024: EMA FOODS CO LLC (Tupelo, MS) awarded $17,569
- Mar 27, 2024: FARM CUT LLC (Lakeland, FL) awarded $88,262
- Mar 22, 2024: RAINMAKER, INC. (Oakland Park, FL) awarded $17,688
