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Aldi Fastest Growing Grocery Retailer

08/31/2023

A recent Dunnhumby, report highlighted the growth of Aldi with a 14 percent compound annual growth rate over the past three years. The closely-held multinational grocery chain based in Germany is leads Costco, the 2nd-ranked by growth at 13 percent.

 

Aldi intended to add 120 new stores during 2023 but will exceed this number with the acquisition of Winn-Dixie and Harvey’s banners. Many of these stores will be repurposed under the Aldi banner wit CVS assuming responsibility for pharmacies.

 

According to the market research company, Walmart Supercenters hold 18 percent of the grocery market followed by Costco at 9 percent, Kroger, 5 percent, Target 2.7 percent, Dollar General at 2.4 percent and Stop and Shop with 1.5 percent.  Aldi is the 13th largest grocery chain in the U.S. with a 2.1 percent share of the grocery retail market and presumed sales of $27 billion annually.

 

Dunnhumby research confirmed that Aldi scores highly among competitors on a database of customer perceptions relating to both price and store experience.