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Key stat: US retail media ad spend will more than double between 2023 and 2027, reaching a total of $109.40 billion, according to our forecast.

Beyond the chart:

• Increased spending in retail media connected TV and other off-site formats has pushed our forecast up several percentage points, as noted in our Retail Media Forecast H2 2023 report.
• US retail media ad spend will grow by more than 20% every year through the end of our forecast period in 2027.
• The uptick in our forecast resulted from strong showings from both Amazon Ads and Walmart Connect, the two biggest retail media networks in the country.
• By 2027, retail media will account for more than one-quarter of US digital ad spend, per our forecast.

Use this chart:

• Reassess retail media investments.
• Communicate the importance of retail media.

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• Inside 7-Eleven’s upper-funnel approach to retail media
• Amazon, Walmart turn to shoppable TV ads to shorten the path to purchase
• 3 challenges advertisers are facing and how retail media networks can solve them