As of 2019, Target was the largest department store retailer in the United States, with a 38 percent share of the overall industry. Walmart U.S. and Macy's ranked second, each with a 13 percent share of the U.S. department store market. Target Corporation sells a wide range of goods including food, apparel, household essentials, and seasonal offerings to name a few. In 2019, the company was among the leading general merchandise/ discount stores companies worldwide.

This statistic shows the share of global net sales of e.l.f. Beauty, Inc. attributed to its largest customers, Walmart, Ulta, and Target from 2016 to 2023. In 2023, Walmart accounted for 20 percent of e.l.f.'s net sales.

This statistic shows the share of Walmart and Walmart Supercenter customers in the United States as of 2016, sorted by age. As of 2016, it was found that 20.6 percent of Walmart and Walmart Supercenter shoppers were aged between 45 and 54.

In the financial year 2023, 29.57 percent of Target Corporation's merchandise sales corresponded to the beauty and household essentials segment. Meanwhile, apparel and accessories represented 15.58 percent of the total merchandise sales. Merchandise sales represent the vast majority of Target's revenues. The company also has other streams of revenue including credit card profit-sharing income from their arrangement with the TD Bank Group. Beauty at Target In a 2023 survey among Generation Z in the United States, nine percent of teenage girls named Target as a shopping destination they visited to buy beauty products. This may not sound high, but it earned Target third place of all shops in the country, ahead of other major retailers Walmart and Amazon. It was, however, a considerable distance behind the two most popular destinations, specialist beauty brands Sephora and Ulta. These findings are reflected in a different study of the same retailers, with Target having the third lowest average age of female beauty consumers, at 44 years old. Gen Z clothing purchases There is also a large Generation Z market available to Target in the clothing category. In 2023, Gen Z consumers voted big box stores, such as Target and Walmart, as the second most popular shopping destination for apparel, with 16 percent of responses. This was only one percentage point behind online stores.

The U.S. dominates the $1.5 billion North America Self Checkout System Market with advanced retail infrastructure, digital payments, and integration by major retailers like Walmart and Target.

As of June 2022, Amazon accounted for 37.8 percent of the U.S. e-commerce market, making it the country’s leading online retailer by a considerable margin. Second place was occupied by the e-commerce site of the retail chain Walmart, with a 6.3 percent market share, followed in third place by Apple, with 3.9 percent.

Amazon’s continued success

Amazon has long dominated the e-commerce market as the world’s favorite online marketplace. In 2022, company hit over half a trillion U.S. dollars in net sales. The United States is by far Amazon’s most profitable market, as the U.S. branch generated over 356 billion U.S. dollars in sales in 2022. Germany ranked second, with 33 billion dollars, followed closely by the United Kingdom with 30 billion dollars.

Online shopping on the rise

Online shopping has grown significantly over the past decade, with more people turning to the internet for their shopping needs. The proof is in the numbers: the U.S. e-commerce industry was worth almost a trillion dollars in 2023. By 2027, forecasts show that the online market will grow to more than 50 percent. U.S. online shoppers purchase fashion and food and beverages the most via the internet.

Snapshot img

Honey Market Size 2024-2028

The honey market size is forecast to increase by USD 6.43 billion at a CAGR of 9.89% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing awareness and recognition of its numerous health benefits. Honey's natural antimicrobial, antioxidant, and anti-inflammatory properties make it a popular alternative to refined sugars in various food and beverage applications. Furthermore, the innovation in beekeeping practices, such as rooftop beekeeping and the use of sustainable methods, is expanding the market's reach and appeal. However, the market growth is not without challenges. The high cost of honey production and transportation can limit its affordability and accessibility, particularly in developing countries. Additionally, the increasing demand for honey has led to concerns regarding sustainability and ethical production practices. Companies seeking to capitalize on the market opportunities must focus on implementing sustainable and ethical production methods while maintaining cost-effective production and distribution strategies. By addressing these challenges and leveraging the health benefits of honey, market participants can effectively navigate the dynamic market landscape and position themselves for long-term success.

What will be the Size of the Honey Market during the forecast period?

Request Free SampleThe market encompasses the production, distribution, and consumption of natural honey and honey-derived products. This market exhibits growth due to the increasing popularity of natural remedies for various health conditions. Honey's medicinal characteristics, such as its ability to soothe an acute throat infection or aid in wound healing, contribute to its demand. Organic honey products have gained significant traction as consumers prioritize healthier food options. The e-commerce sector and convenience stores are key distribution channels, catering to the growing preference for convenience and accessibility. Beekeeping techniques continue to evolve, enabling the production of higher-quality honey. Processed foods, particularly those fortified with honey, have expanded the market's reach. Honey's metabolic activity, including its potential impact on blood pressure and risk of diabetes, further bolsters its appeal. Natural honey, in its liquid form, is a versatile and widely used food item. The market also includes wild bees' honey, which is often perceived as more exotic and valuable. Regular honey undergoes commercial processes to ensure consistent quality and availability. Overall, the market is poised for continued growth, driven by consumer demand for natural, health-promoting foods.

How is this Honey Industry segmented?

The honey industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Distribution ChannelOfflineOnlineTypeConventionalOrganicGeographyAPACChinaEuropeNorth AmericaUSSouth AmericaArgentinaMiddle East and AfricaIranTurkey

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.The market encompasses various sectors, including departmental stores, supermarkets, hypermarkets, convenience stores, and restaurants. Major retailers, such as Tesco Plc, Walmart Inc., and Target Corp., dominate this market, offering a diverse selection of organic honey products from brands like Comvita ltd., Nature Nate's, Savanah Bee Company, Mountain Ridge, and Wedderspoon. Traditional retailers employ marketing strategies, such as branding through signages and discounts on honey packages. Offline distributors operate in the organized retail sector, focusing on geographical presence, production, inventory management, and goods transportation. Honey's natural remedies for acute throat infections, high cholesterol, tooth decay, cardiovascular diseases, metabolic syndrome, and metabolic activity make it a popular functional food. Its antioxidant and antibacterial properties also contribute to its use in skincare products, wood finishes, waterproofing products, dental molds, and wound healing. E-commerce platforms and convenience stores are increasingly popular distribution channels. Honey's health benefits, including blood pressure regulation, risk of diabetes management, and immune system support, further boost demand.

Get a glance at the market report of share of various segments Request Free Sample

The Offline segment was valued at USD 6.35 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers

The Retail Media Network market is projected to grow from USD 17.47 billion in 2025 to USD 64.58 billion by 2033, at a CAGR of 14.4%. The increasing adoption of omnichannel retailing and the growing popularity of online shopping are driving the growth of the market. Additionally, the growing investment in artificial intelligence (AI) and machine learning (ML) is expected to further fuel the market growth. The market is segmented by network type (closed retail media networks, open retail media networks, and hybrid retail media networks), data collection method (first-party data, second-party data, and third-party data), deployment model (on-premise and cloud-based), and vertical (grocery, apparel, electronics, home improvement, and health and beauty). The grocery vertical is expected to hold the largest market share over the forecast period, owing to the increasing adoption of e-commerce for grocery shopping. The key players in the market include Target, Banana Republic, Old Navy, Nordstrom, CVS Health, Rite Aid, Macy's, Best Buy, Gap, Kohl's, Albertsons, Walmart, Walgreens, Amazon, and Kroger. The retail media network market is experiencing significant growth, driven by the increasing adoption of digital channels by retailers and the growing demand for personalized advertising. This report provides a detailed analysis of the market, including key trends, challenges, drivers, and opportunities. Key drivers for this market are: Rise of Ecommerce Datadriven Advertising Omnichannel Integration Personalized Shopping Experiences Expansion into Emerging Markets . Potential restraints include: Growing ecommerce adoption Increasing consumer spending Rising digital advertising expenditure Expansion of omnichannel retail Datadriven personalization .

U.S Household Products Market size was valued at USD 1,393.20 Million in 2023 and is expected to reach USD 2,129.94 Million by the end of 2031 with a CAGR of 5.61% during the forecast period 2024-2031.

U.S Household Products Market Overview

The U.S Household Products Market is commanded by a handful of leaders using unique strategies to attract consumers and adapt to changing conditions in the market. Major players in this dynamic marketplace include Costco Wholesale Corporation, Tractor Supply Company, The Home Depot, Lowe’s Companies, Target Corporation, Wayfair Inc., Walmart Inc., Amazon.com, Ace Hardware Corporation, Inter IKEA Holding B.V., BJ’s Wholesale Club, and The Kroger Company.

As of March 2023, shoppers aged between 25 and 44 accounted for the majority of pet store revenue with a 37.2 percent share, thus making them the largest target market in the United States (U.S.). Those aged between 45 and 64 made up the second largest market by a very tight margin, providing 37.1 percent of pet store revenue in the same year. Pet stores in the U.S. There are 18,323 pet store establishments in the U.S. and California is the state with the largest number of pet stores, with 2,120 establishments. Florida closely follows, with 1,606 pet stores. The leading pet store company in the U.S. is the retail chain PetSmart Inc., with a market share of almost one-quarter. PetSmart Inc. and its main competitor, PETCO Animal Supplies, have a total market share of close to 40 percent. Pet stores in the U.S. generate revenue of almost 22 billion U.S. dollars annually. Online purchase of pet food and supplies in the U.S. The sales value of pet food in the U.S. amounts to almost 52 billion U.S. dollars. The store-based retailing channel generates close to 34 billion U.S. dollars of the total sales value, as compared to the e-commerce sale, with approximately 18 billion U.S. dollars. The website chewy.com is the leading online store in the pet supplies segment in the U.S. by a large margin. Chewy's generates over 11.1 billion U.S. dollars in net sales, offering various foods and supplies. However, for the online purchase of pet products in the U.S., the websites of Amazon and Walmart are the main destinations.

In 2020, white consumers accounted for nearly 74 percent of spending at Walmart in the United States, while Hispanics represented almost 11 percent. Meanwhile, Asians represented 3.2 percent of the consumer spending share.

The retailing company Target invested 1.5 billion U.S. dollars in advertising in the United States in 2022, keeping its ad spending stable from the previous two years. Likewise, Target net advertising costs worldwide remained at 1.5 billion U.S. dollars in 2022. That same year, the company recorded a peak in revenue in the U.S., reaching 109 billion U.S. dollars.

Who are Target’s competitors on the advertising market?  In a ranking of leading retailers in the U.S. based on their advertising expenditures, Target placed fourth, behind Amazon, Walmart, and LVMH. With Amazon’s business model being another beast entirely, Walmart has been Target’s closest competitor. Between 2015 and 2022, Walmart’s ad spending was roughly 40 to 50 percent higher than that of Target in the same period.

Target: one of the most advertised brands in the U.S. Target ranked among the most advertised brands in the U.S. in 2022, in a list which includes other retailers, such as Amazon and Walmart, and also brands like GEICO and Apple. Headquartered in Minneapolis, Minnesota, Target reaches mostly a younger audience. In 2023, roughly four out of 10 Target costumers were aged between 18 and 29 years.

As of February 3, 2024, the end of the 2023 financial year, Target had a total of 1,956 stores open throughout the United States. This was an increase of eight from a year earlier. Target Corporation operates a chain of general merchandise stores, which offer a wide variety of general merchandise and food products to their customers. The company has operated primarily in the United States since its inception. Target Corporation is one of the most valuable retail brands in the world. The development of an American retail giant The company started out as the Dayton Dry Goods Company in 1902, later changing its name to the Dayton Company, but more commonly known as Dayton’s. The company was run under the Dayton-Hudson Corporation banner up until the year 2000, when it was renamed Target Corporation. The company spread across the United States and even entered the Canadian market for a brief period, but all of the company’s Canadian stores were closed in 2015. In financial year 2023, Target had revenues amounting to approximately 107 billion U.S. dollars, making it one of the leading American retailers. What does Target sell? Target Corporation sells a wide range of goods, such as food, apparel, household essentials, and seasonal offerings, as well as many others. As of 2023, the majority of sales came from the beauty and household essentials segment. The company also sells products online, through target.com. In 2022, Target's e-commerce site generated an estimated 22 billion U.S dollars in net sales.