Nuts and seeds inflation in the US stood at 0.030% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2023, GlobalData monitored the pricing of 280 nuts and seeds SKUs from companies such as Planters, Blue Diamond Almonds and Lidl that were sold by e-retailers. Buy the report here.
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Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Walgreen offered lowest prices of the total SKUs within the nuts and seeds category from April through June 2023, followed by Target and Staples. According to the analysis, the price range of $5 and below was the most competitive, with 118 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Walgreen had greatest share of lowest prices for individual SKUs in nuts and seeds in the US in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for nuts and seeds category by the retailers tracked by GlobalData. Among variants, the tracker revealed mixed nuts and honey roasted; peanuts as the most popular (by number of SKUs) nuts and seeds variants. These were priced 34.96% lower than the average price of a nuts and seeds SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Walgreen, Target, Wegmans, Staples and LIDLUS. According to the analysis, Vegan Essentials had the lowest average unit price, while the retailer with the widest product assortment was Walgreen.
The report brings attention to the intricate pricing dynamics within the nuts and seeds market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Walgreen, Target and Staples stood out as prominent e-retailers, providing competitive pricing for a substantial number of nuts and seeds SKUs. However, to comprehensively grasp nuts and seeds market in the US, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the the US nuts and seeds market, buy the report here.
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