$446.2bn
$XX.Xbn
312k
22,784
$XX.Xbn
The Soft Drink, Baked Goods and Other Grocery Wholesaling industry has increased. An improving economy and rising consumer confidence have increased industry demand as downstream markets saw increased sales from consumers with more disposable income. The sector has grown despite difficult conditions during the COVID-19 pandemic, which initially produced declines in demand from the food and hospitality industries but created a temporary surge in grocery sales. Downstream demand has normalized mainly since 2021 while rising agricultural and fuel prices have caused industry selling prices to spike. Industry-wide revenue has been growing at an average annualized 2.1% over the past five years and is expected to total $446.2 billion in 2024, when revenue will dip by an estimated 1.3%. Despite volatile purchasing prices and increased competition from superstores and grocery chains, the average industry profit margin has remained strong, as wholesalers have bolstered profit by passing down costs to downstream markets.
Industry revenue has grown at a CAGR of 2.1 % over the past five years, to reach an estimated $446.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
United Natural Foods, Inc. | 9,287.3 | 1,633.1 | 17.6 | |
Us Foods Holding Corp. | 4,975.3 | 67.9 | 1.4 | |
Sysco Corporation | 3,980.3 | 185.9 | 4.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Bread and baked goods, Coffee, tea and spices and Soft drinks and bottled water. Bread and baked goods is the largest segment of the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US.
Soft drinks and bottled water see product mix shift
Operators in this industry primarily wholesale specialized grocery products such as soft drinks or baked goods. However, this industry does not wholesale frozen foods, dairy products (except dried or canned), poultry products (except canned), confectionery products, fish and seafood products (except canned), meat products (except canned), alcoholic beverages or fresh fruits and vegetables.
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NAICS 42449 - Soft Drink, Baked Goods & Other Grocery Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Healthy living trends have reduced soft drink popularity. This shift has opened opportunities for healthier beverage options.
Learn about an industry's products and services, markets and trends in international trade.
Rising consumer health-consciousness has reoriented demand for soft drinks. Wholesalers are now stocking more low-calorie, energy-oriented alternatives.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Population concentration drives location choices. Regions with major metropolitan areas are home to several wholesalers because of their access to end markets.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies provide value add through additional services. Large retailers work with wholesalers to ensure accurate and timely order fulfillment.
Learn about the performance of the top companies in the industry.
Wholesalers operate on a regional or local basis. Typically, they specialize in a specific range of products due to the wide range of products included in this industry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Consumers flush with cash have increased spending on healthier goods. Per capita disposable income has risen in recent years, enabling discretionary spending.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Input prices have risen, but haven't eroded margins. Companies have largely passed down rising costs to downstream markets.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry in United States is $446.2bn in 2024.
There are 22,784 businesses in the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry in United States has been growing at a CAGR of 2.1 % between 2019 and 2024.
Over the next five years, the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Soft Drink, Baked Goods & Other Grocery Wholesaling market in United States are United Natural Foods, Inc., Us Foods Holding Corp. and Sysco Corporation
Baby foods wholesaling and Bakery products (except frozen) wholesaling are part of the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry.
The company holding the most market share in United States is United Natural Foods, Inc..
The level of competition is high and steady in the Soft Drink, Baked Goods & Other Grocery Wholesaling in the US industry in United States.