Online Grocery Sales in the US - Industry Market Research Report

Online Grocery Sales in the US - Industry Market Research Report

Online Grocery Sales in the US

Online Grocery Sales have surged as online shopping has shot up. Through the end of 2023, broadband connections and per capita disposable income have expanded, pushing revenue up for online grocers at a CAGR of 15.1% to $36.3 billion through the end of 2023, including a growth of 3.6% in 2023 alone. Due to intensified consumer health concerns amid COVID-19, consumers opted for contactless delivery offered by online grocers. As consumers have adapted to the “new normal” due to the mass immunization efforts, the need for online grocery slightly falters.

Online grocery companies sell grocery items through online channels, including those based online, as well as those with a physical presence and selling 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.