Wholesale Statistics and Top 10 Wholesalers and Product/Niches in Los Angeles, C

Wholesale purchasing can be a great way for new retailers or ecommerce store owners to source products at a lower cost. And Los Angeles, CA is a hub for wholesale businesses, offering a wide range of products at competitive prices because of the city's proximity to major ports and manufacturing centers. This blog outlines some of the most important information both new store and seasoned store owners need to know about the wholesale market in Los Angeles in 2023.

 

Statistics You Need To Know

 

According to a report by Statista, the global wholesale market was valued at $7.7 trillion in 2019 and is projected to reach $10.1 trillion by 2024. This indicates a steady growth rate of 5.6% during this period. Let's explore some key statistics that can help these entrepreneurs make informed decisions when it comes to wholesale purchasing.

 

One important aspect to consider is the average profit margin when purchasing wholesale.

 

According to a survey conducted by the National Retail Federation, retailers typically enjoy a profit margin of around 50% when buying products wholesale. This means that for every dollar spent on wholesale products, retailers can expect to make a 50% profit.

 

Another crucial statistic to consider is the average order size when purchasing wholesale. A study conducted by the Wholesale Distribution Association found that the average order size for wholesale purchases is around $1,000. This gives new retailers an idea of the quantity they should aim for when placing wholesale orders.

 

Now you know why business owners flock to Los Angeles to get product, but what are they purchasing?

 

Here are the Top Product Niches in L.A. right now.

 

1. Fashion & Celebrity Merchandise

 

As for product niches, Los Angeles ihas always been known for its fashion industry, so clothing and accessories are always in demand. Additionally, the city has a thriving entertainment industry, making merchandise related to movies, TV shows, and music very popular, too.

 

2. Green/Beauty

 

Other niches that have gained traction in Los Angeles include beauty and skincare products, health and wellness items, and eco-friendly goods. These niches cater to the city's health-conscious and environmentally conscious population.

 

Here are more niches popular to business owners sourcing from L.A.:

 

3. Lingerie & Intimates

4. Home Decor/Furniture

5. Toys & Games

6. Sports & Fitness Equipment

7. Pet Supplies

8. Kitchen & Dining Products

9. Automotive Accessories

10. Outdoor & Camping Gear

 

These are just a few examples, and the wholesale market in Los Angeles is constantly evolving. It's always a good idea to research and stay updated on the latest trends and wholesalers in the area.

 

Some of the Top-Rated Wholesalers in Los Angeles include:

 

1. For General Fashion Inventory & A Wide Selection Of Products, Fashion District Wholesale: This wholesaler specializes in trendy clothing, accessories, and footwear. They cater to both men and women and have a wide selection.

 

2. For Women's Lingerie, Intimates & Accessories, Best Underwear Line Wholesale with its own intimate brand, Youmita, has served Los Angeles and beyond for over 13 years. They work closely with their customers to design and develop product lines that meet women wherever they are today, perfectly balancing aesthetics and comfort.

 

3. For the Latest Tech, Electronics Emporium: If you're looking for cutting edge technology and gadgets of today, this wholesaler is a go-to. Their product offering includes products smartphones, tablets, and audio equipment.

 

4. For Home Goods, Home Essentials Wholesale: This wholesaler focuses on home goods, offering everything from kitchenware to furniture. Those who purchase from Home Essentials know they are getting quality at a good price.

 

5. For Nutritional Supplements, NSM - Nutritional Supplement
Manufacturers, Inc.: Selection, Quality, and Innovation have been the pillars of this company, whose goal is to provide the market with more supplements than its competitors.

 

These wholesalers have been highly rated by retailers and cater to different niches. Whether you are looking for tech products, apparel, beauty, furniture and home decor, toys and games, sports equipment, pet supplies, kitchen products, automotive accessories, or outdoor gear, Los Angeles has a wholesaler to meet your needs.

 

In conclusion, wholesale purchasing can be a lucrative option for new retailers and ecommerce store owners. By considering the aforementioned statistics and exploring the top-rated wholesalers and product niches in Los Angeles, entrepreneurs can make informed decisions and find success in their wholesale purchasing endeavors.