South Africa, Oct. 16 -- The global private label market was valued at $915.1bn in 2024 and is projected to reach $1.62tn by 2034, reflecting strong consumer trust and growing retailer investment in private label brands, with a CAGR of 5.9%. In the US, private label sales hit $271bn in 2024, increasing 3.9% year-on-year, with private labels capturing around 20% of grocery market share. Europe remains the strongest region for private labels with 39% grocery market share in 2024, led by countries like Switzerland (51%), Spain (44%), and the UK (42%).

South Africa shows rapid private label growth of 7.5%, representing roughly 18% of FMCG sales value in 2024. The Middle East and Africa region display strong momentum with 34.3% growth, suppor...