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FMI U.S. Grocery Shopper Trends study also finds supermarkets losing customers to mass merchants
Grocery retailers will hold an edge in food spending market share over the foodservice sector as the nation heads into the post-pandemic period, according to FMI-The Food Industry Association’s annual U.S. Grocery Shopper Trends study.
At the same time, within grocery retail, mass merchants have been absorbing share from traditional supermarkets, revealed FMI’s report, prepared in tandem with The Hartman Group.
The outbreak of COVID-19 in February 2020 reversed a decades-long trend of market share gravitating from retail to foodservice, which ended up benefitting grocery stores at the expense of restaurants.
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