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Brand Footprint 2024

04/06/2024

Brand Footprint report reveals global grocery bill exceeds $1,000 per household

Coca-Cola remains the world’s most purchased brand for the 12^th consecutive year while at-home treats define reshaped shopper behaviour in 2023.

Kantar’s Worldpanel reveals the world’s most chosen brands and lays out a comprehensive view of how shopper behaviour evolved around the world in 2023. With the global FMCG inflation rate halving from 8.4% in 2022 to 4% in 2023, shoppers started mixing treating and premium purchases alongside the coping strategies of 2022. Brand Footprint, Kantar’s analysis of consumer behaviour in 62 markets representing 76% of the global population and 86% of global GDP, reveals that average grocery spend per household around the world exceeded $1,000 for the first time on record, almost 60% more than was spent a decade earlier in 2013.

Key insights from the 12^th edition of this study include:

Coca-Cola remains the world’s most purchased brand for the 12^th consecutive year. Penetration – or the percentage of households that purchase the brand – grew 2.6%. The brand was chosen off the shelf by consumers almost 8.3 billion times.
Red Bull was the fastest growing FMCG brand, with 17.8% growth regarding the number of times it’s purchased (1.43 billion times), thanks to more new shoppers in markets including Brazil, Mainland China, France, Germany and the US.
Sunsilk was the world’s most successful brand in winning new shoppers, with more than 26 million new households purchasing the brand in 2023.
Average spend on FMCG brand increased by 8.6% to $1,052 per buyer, as a result of grocery inflation that averaged 4% during the year, as well as greater at-home treats and shifts to premium purchases to offset coping strategies.
Illustrating the inclusion of treats and premium brand products in shoppers’ repertoires, the average spend per item increased by 6.7%.
North American shoppers spent the most on packaged FMCG products, averaging $3,063 per household, while consumers in Bangladesh spent the least, averaging less than $159.
The mix of spending across global brands, local brands and private label groceries continues to evolve. Spending on private label goods increased by 0.5% points to reach 22.7%. Despite a fall in unit sales, global brands retained 30% of spend thanks to increased prices and premiumisation.
‘Shopping around’ continued as a coping strategy as shopping trips increased by 2.4%. ‘Discount Grocery Stores’ increased their share of shopper spend by 10.3% to reach 16% share globally (and 24.5% in Western Europe).

Coca-Cola remains the world’s most purchased brand for the 12^th consecutive year while at-home treats define reshaped shopper behaviour in 2023.

The Brand Footprint study, from Kantar’s Worldpanel division, unpacks the 460 billion brand choices made by shoppers last year — an average of 29 brand decisions each month - to reveal the significant headwinds facing FMCG brands. Of all FMCG purchases made in 2023, global brands represented 30% of sales value, unchanged vs 2022. Local and regional brands represented 47% of purchases, while private label sales increased by 0.5 percentage points to reach 22.7%.

Discount retailers achieved 14.1% value growth year on year on a global basis to represent 16% of all grocery spend, compared to 9.6% in 2021. Globally, 61% of households are extremely or very concerned with rising grocery costs. As a result, while 64% of global brands are growing in value terms, only half of FMCG brands are growing in terms of consumer choices – how many times they are chosen off the shelf by consumers.

The world’s most chosen brands

Showing the way, the top five most chosen brands in the world are revealed to be Coca-Cola, Colgate, Maggi, OMO and Knorr. Coca-Cola reigns supreme, solidifying its status as the world’s most chosen brand with a staggering 8.3 billion Consumer Reach Points (CRPs). Meanwhile, Colgate sets a benchmark for global penetration, being the only consumer goods brand purchased by over half of the global population, boasting a penetration rate of 55.9%.

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Jason Yu
Managing Director of Kantar Worldpanel in Greater China

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Jason Yu

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