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Online Grocery Shows Global Growth
According to ResearchandMarkets, the online grocery market is projected to grow by $354.2 billion, with the potential to grow at over 17.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over $524.5 billion by the year 2025, online grocery will bring in gains adding significant momentum to global growth.
The United States is expected to maintain an 18.7% growth momentum. In Europe, Germany is projected to add over $13.6 billion to the region's size and clout in the next...
Demand Rises for Groceries Online
Today, there is hardly any field or area where technological advancements have not been made. In the retail sector, grocery shopping is expanding technologically. In the past, consumers generally grocery shopped at nearby supermarkets or convenience stores. However, with the increasing development of the internet and smartphones, online grocery shopping has gained popularity in recent years.
According to Research and Markets, grocery stores can be broadly categorized into three formats: small format, large format, and electronic/online. Online grocery shopping is a recent trend that has developed as a form of e-commerce. These stores can be in the form of brick-and-mortar supermarkets or...
USDA Launches SNAP Online Purchasing Pilot
For the first time, Supplemental Nutrition Assistance Program (SNAP) participants will be able to select and pay for their groceries online, during a two-year test (pilot) launched today in New York State. In making the announcement, U.S. Secretary of Agriculture Sonny Perdue highlighted online purchasing’s potential, along with the U.S. Department of Agriculture’s (USDA) commitment to program integrity by looking carefully at the pilot. Lessons learned from this pilot are expected to inform future efforts to expand online purchasing in SNAP.
“People who receive SNAP benefits should have the opportunity to shop for food the same way more and more Americans shop for food – by ordering and paying for groceries online. As technology advances, it is important for SNAP to ...
Brits Spent £12.3 Billion on Online Groceries in 2018
Brits continue to shop with the click of a button, as according to the latest research from Mintel, last year sales of online groceries in the UK hit £12.3 billion, up 9% from 2017.
One of the fastest growing channels in the UK grocery market, the online grocery sector is still adding to its share of total grocery retail sales, up from 6.1% in 2016 to 7% in 2018. What is more, consumers’ love of online shopping is set to continue as this year, sales are expected to reach £13.6 billion. Over the next five years, online grocery is forecast to account for 10% of all grocery shopping, with sales growing by ...
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