Table of Contents
Key Takeaways:
- Independent grocers contribute over $353 billion to the $920 billion U.S. food retail sector, making up more than 38% of total sales.
- For every $1 in independent grocery sales, an additional 58 cents is generated in supply chain and household spending nationwide.
- Independent grocery sales have seen a 39% increase from $253.6 billion in 2020 to $353.5 billion in 2024.
Insights:
The National Grocers Association’s latest economic impact analysis reveals that independent grocers contribute $557.5 billion to the economy annually, equivalent to nearly 2% of the U.S. GDP. NGA President Greg Ferrara emphasized consumers’ growing preference for local and regional independent grocers.
Independent grocers play a significant role in job creation, worker incomes, supply chain expenditures, and more, creating a substantial ripple effect in the economy.
The report highlights that the economic impact of independent grocery stores extends beyond the value of the food they sell.
By the Numbers
1.48 million
Number of U.S. jobs supported by independent grocers, including direct and indirect employment
$191.3 billion
Value-added economic activity from independent grocers
$27.3 billion
Annual tax revenue generated by independent grocers
Despite their significant contributions, independent grocers face challenges from larger chain competitors with better pricing capabilities. The adoption of advanced technologies like AI and omnichannel strategies by major players like Walmart and Kroger poses further challenges for independents in the future.
NGA’s findings are based on comprehensive store-level retail sales data from all U.S. congressional districts.