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Private Label Sales Hit $271 Billion in 2024 on Nearly 4% Growth

Store brand sales continue to outperform national brands, which grew 1% in dollar sales, according to the Private Label Manufacturers Association.

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By: Sean Moloughney

Editor, Nutraceuticals World

Photo: Anela Ramba/peopleimages.com | AdobeStock

Sales of store brands increased $9 billion to a record $271 billion in 2024 compared to the year before, according to the Private Label Manufacturers Association (PLMA) latest Circana Unify+ data.

PLMA announced the news along with the debut of Store Brands Month in January to promote the availability and quality of store brands across all retail channels.

“Sales of store brands hit a record high last year, once again outperforming national brands,” said PLMA President Peggy Davies. “These industry numbers without question add to the nationwide celebration of Store Brands Month, promoting the quality, value, and innovation of retailers’ own brands.”

The latest numbers represent a 3.9% rise in dollar sales in all outlets from Jan. 8 to Dec. 29, 2024, versus the same period in 2023. Private label growth outpaced national brands, which grew 1% in dollar sales.

Recent Private Label Trends

Over the past four years, annual store brand dollar sales have increased by over $51 billion, a 23.6% gain. In addition, since 2021, store brand unit sales rose 2.3%, while national brands fell 6.8%.

All 10 food and nonedible departments that Circana tracks showed store brand dollar growth over the year before. Refrigerated (+7.5%), General Food (+4.3%), and Beverages (+4%) had some of the highest growth. In unit sales growth, the top departments were Beverages (+3.5%), Pet Care (+3.5%), and Home Care (+3.3%).

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