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A Rush to Private Brands

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Private brands, own brands, house brands, generic brands, private label. No matter what they’re called, they’ve been around for a long time. Private brands across the industry continue to grow as consumers search for products that meet their quality and value expectations. 

Industry studies have a treasure trove of information related to private brands.

Want to explore the mother lode? Here’s the gold mine:

https://www.fmi.org/forms/store/ProductFormPublic/power-of-private-brands-2024

https://www.circana.com/intelligence/reports/2024/cpg-private-brands-update/

https://daymon.com/2024-private-brand-intelligence-report-2/

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Welcome

The time is right for private brands! In today’s uncertain economic times, consumers are seeking value every day. According to the 2024 “Power of Private Brands” study by FMI - The Food Industry Association, 94% of shoppers purchase store brands at least occasionally. In addition, 55% of shoppers have been purchasing more private brands over the past year, compared to only 28% purchasing more manufacturer brands.