CEOs from Kroger and Albertsons say they’re worried about competition from Amazon, but the e-commerce giant barely makes up 1% of US grocery sales

The CEOs of Kroger and Albertsons told a US Senate committee that their proposed merger would allow them to compete with Amazon.

Market share data shows that a combined Kroger and Albertsons would be larger by sales than Amazon would be.

The marketplace for groceries has completely changed over the past decade, and the competition for consumers is fierce, according to the CEO of the company. A merger with Kroger will be the best way to compete with Walmart and Amazon.

The Kroger CEO spoke as well. Kroger is fourth in total revenue among US grocery retailers. We will continue to compete with these companies to sell groceries as a result of a combined Kroger and Albertsons.

According to data from Euromonitor, it's not true.

Euromonitor says Walmart is the largest grocery seller in the US. According to the data, Kroger had 8% and the other 5%.

According to Euromonitor, Amazon sold just 1.2% of its groceries.

The market shares have been the same since early 2020 when aUBS estimated them. That is below the share commanded by Texas' HEB.

According to Euromonitor, the US grocery market sold over one billion dollars last year.

Walmart has made strong market share gains across the grocery channel as its stores remained open longer and customers consolidated trips, according to analysts.

Thanks to Walmart's focus on low prices, those gains are going to continue, they said. Efforts to get consumers to buy more at Walmart in other areas will likely boost its market share.

Kroger could gain sales as it expands delivery and pickup to more parts of the country. Kroger's future is less certain than that of rivals who are moving faster due to the fact that its investments in e- commerce are taking longer to show returns.

While Amazon is still a small part of the grocery market, it's trying to lure customers with one- and two-hour delivery from Whole Foods and its more middle-market Amazon Fresh stores.

The perk is part of its Prime membership, though Amazon added an extra fee to those orders and plans to raise the cost of a Prime membership.