Online Set To Remain The Fastest-Growing Grocery Retail Channel

Online Set To Remain The Fastest-Growing Grocery Retail Channel

Online grocery commerce has experienced rapid expansion in recent years, with new data suggesting it will remain the fastest-growing retail channel globally through 2029. IGD’s latest Online Retail Trends Report reveals that this growth will add $164bn in sales, bringing (more…) The post Online Set To Remain The Fastest-Growing Grocery Retail Channel appeared first on KamCity.

Grocery leads the charge in online retail

The online channel has experienced exceptional growth in recent years and is set to remain the fastest-growing retail channel globally through 2029. IGD’s latest Online Retail Trends Report reveals that this growth will add $164 billion in sales, bringing the channel’s total to $646 billion by 2029. It is also expected to gain the most market share of all modern grocery channels, increasing by 0.5% to reach 6.3%. The report highlights that while…

Online grocery leads the charge as the fastest-growing channel - FMCG Business

The online channel is forecasted to be the fastest-growing channel globally between 2024 and 2029, with a CAGR* of 6.0%. This will result in an additional $164 billion worth of sales, ultimately generating a total of $646 billion in 2029. Asia will see the highest sales growth to 2029, where an additional $62.4 billion will be generated, while growth in Australasia is expected to be very strong, with a CAGR of 8.3%. The online channel has experi…