Online Grocery Sales Forecast for Further Growth Following Pandemic Boom
A forecast expects more consumers to shop for groceries online over the next five years, with the segment keeping momentum after it witnessed a boom during the COVID-19 pandemic.
Online grocery sales are forecast to grow at compound average growth rate (CAGR) of 11.7% over the next five years, per the 2023 Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast.
Inflation, illness concerns including COVID, RSV and the flu along with a “maturing online segment” were noted as factors behind the growing popularity of online grocery shopping...
To Read Full Story Login Below.