What is the growth in the next 5 years of online sales in the grocery industry?

 -In the United States, online sales of food and beverages will have grown at an annual rate of 21% between 2018 and 2023, reaching $38 billion this year, according to eMarketer. Growth is expected to continue at a strong 15-20% annually until 2028. 

-In the UK, online sales of food and drinks will reach £16 billion this year, with 13% annual growth since 2018, according to Mintel. Growth should be around 10-15% annually in the coming years.

-In China, online sales of fresh food will have grown 22% annually until 2023, reaching $225 billion this year according to iiMedia Research. 15-20% annual growth is expected over the next 5 years to reach $382 billion in 2028.

– Globally, online sales of food and beverages will reach $330 billion in 2023, according to IGD. This implies 25% annual growth since 2020. Global growth should be around 15-20% annually until 2028 where sales will total $615 billion.

The key factors that continue to drive growth include:

– Accelerated e-commerce adoption by consumers post-pandemic. 60% of consumers globally are expected to make food purchases online by 2025.

– Improvements in logistics and last mile for fresh products, including increased use of dark stores and crowdshipping. 

– Strong investment by traditional retailers in omnichannel and ecommerce capabilities. Walmart, Kroger and Tesco are leaders. 

-Expansion of emerging instant food delivery companies like Gorillas, Getir and Flink to new markets. 

– Innovation in subscription models and other solutions for a better online grocery shopping experience. 

In conclusion, a very positive outlook and strong double-digit growth is anticipated for the online food and beverage sales industry globally over the next 5 years

If you are interested in integrating your existing POS system and improving your business with the help of Shopper Direct, contact us for more information at www.TelOnline.com or by calling: USA +1.954.894.6181, Colombia +57.1.508.8884 or Mexico +52.55. 4163.4865. We are here to help you achieve your goals and take your business to the next level.

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