Online grocery sales are projected to increase at a compound annual growth rate (CAGR) of 4.5% over the next five years, more than three-times faster than the 1.3% CAGR anticipated for in-store grocery sales during the same period.
Total online grocery sales—which includes delivery, pickup and ship-to-home—are projected to reach nearly $120B annual by the end of 2028, a 12.7% share of total grocery sales in the U.S., up 170 bps from the 2023 share, according to a new U.S. eGrocery Sales Forecast from Brick Meets Click.
Overall grocery sales in the U.S. are projected to grow at a CAGR of 1.6% through 2028, which is much slower than the 5.6% annual surge in sales during the five years ending in 2023, which was driven by the pandemic and then inflation.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
