This report delves into consumer insights of Walmart shoppers, focusing on demographics, perceptions, motivations, and behaviors related to dietary and shopping choices. It also explores the current retail grocery market landscape, Walmart's sales trends, as well as competitive strategies.
The report covers Walmart's US sales trends and e-commerce performance from fiscal years 2019 to 2024, and provides estimates of Walmart's US grocery market share from 2021 to 2024. It analyzes the reasons behind and implications of shifts in consumer perceptions and behaviors, highlighting future market opportunities.
Included are numerous tables with numerical survey data on consumer demographics and psychographics, as well as various marketing photographs. The report offers an in-depth look at historical trends impacting the food and beverage market.
Walmart Market Research Report Methodology
- The information contained in The Walmart Grocery Shopper: Consumer Insights and Competitive Strategies was developed from primary and secondary research sources. Primary research includes interviews with food and beverage market experts; participation in and attendance at food industry events; and extensive internet canvassing.
- Primary research also includes national online consumer polls of U.S. adult consumers (age 18+) conducted on an ongoing basis to analyze attitudes of consumers and their relevant food and beverage preferences and shopping behavior.
- Survey data from MRI-Simmons are used to analyze the demographics and psychographics of Walmart shoppers.
- Supplementing exclusive surveys is analysis from the International Food Information Council Foundation’s (IFIC) 2024 Food and Health survey, which provides valuable insight into consumers’ perspectives on food purchasing decisions and diet and lifestyle choices. Additionally, IFIC’s 2023 Food and Health Survey is used to provide other useful information on consumer behavior.
Rising Prices Impact Consumer Behavior
- Rising prices, especially for food and beverages, have significantly impacted consumer behavior. With elevated prices, consumers are increasing their budgetary constraints.
- Lower income consumers are especially cash-strapped as their disposable income has in many cases not kept up with inflation.
- Families with children, in particular, feel the strain of higher prices due to larger household sizes.
- Consumers are more mindful of their spending and seeking ways to reduce costs.
Some people are changing their thinking and approaches to cooking and shopping:
- Consumers are more conscious of food waste and planning meals more carefully.
- Impulse purchases and unnecessary extras are minimized.
- To save money, consumers are opting to eat at home more frequently.
- This can lead to increased grocery spending, as people cook more meals from scratch.
Common ways that consumers are becoming more price-conscious shoppers include:
- reducing the quantity of food and beverages purchased or limiting portion sizes
- switching to less expensive brands, including private label options
- shifting shopping habits to lower-cost retailers like Walmart and ALDI