Fresh food: Revenue growth will likely be driven by increased internet usage
Online Grocery Sales The Online Grocery Sales industry has grown rapidly as online shopping increased and industry services improved substantially. Over the five years to 2019, domestic consumers’ affinity for the internet has driven industry growth. Moreover, thanks to strong gains in per capita disposable income and the number of services conducted online in 2019, IBISWorld expects revenue to increase as more consumers try online grocery shopping but the industry’s boom begins to wane. Looking ahead, revenue growth for the Online Grocery Sales industry is expected to continue. Steady employment rates will keep leisure time for consumers at a minimum, making internet food shopping more convenient and attractive. However, larger competitors, such as Amazon’s AmazonFresh service, will drive down prices in an attempt to crowd out the competition, hampering industry profit growth.
Operators in this industry sell grocery items through online channels. The industry comprises companies that are based online and those that have both a physical presence and also sell food products on the internet.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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