According to Nielsen’s TDLinx and Progressive Grocer, the United States grocery industry comprising of: conventional supermarkets, supercenters, and limited-assortment and natural/organic supermarkets had approximately $603 billion in sales in 2013 (“2014 Annual Report”). Natural product sales through retail channels like Whole Foods were approximately $81 billion in 2013 (“2014 Annual Report”). With such large demand for natural and organic products, many retailers have entered the market and have become tough competitors with Whole Foods ("Competition Heats Up Among Organic Food Retailers"). Mass-market retail outlets, which include supermarkets, drugstores, and mass merchants, make up 49 percent of the sales of natural and organic foods …show more content…
According to industry estimates, the United States organic food sales in 2014 were almost $36 billion, and this was an increase of over 10% compared to the 2013 sales ("Whole Foods Market Inc. SWOT Analysis"). Produce in particular was the top-selling organic food category in 2014 and it accounted for more than 35% of total organic food sales ("Whole Foods Market Inc. SWOT Analysis"). This growth trend is only expected to continue because many consumers trust organic products over non-organic products. Whole Foods is well positioned to benefit from the growing organic foods market and expand its market share ("Whole Foods Market Inc. SWOT Analysis"). This in turn would enhance the company's revenue …show more content…
The pet industry in the United States is one of the largest in the world, and is expected to continue to grow. More than half of U.S households have pets, around 65% of households own a pet ("Whole Foods Market Inc. SWOT Analysis"). Whole Foods can benefit from this because they provide a assortment of choices to pet owners regarding different feeding philosophies and offers products for pets with specific dietary needs, preferences and sensitivities ("Whole Foods Market Inc. SWOT Analysis"). Whole Foods plans to capitalize on this growing pet