Global Food & Grocery Retailing Industry Outlook 2024 - Online Penetration is Forecast to Rise by 0.3ppts to 6.7% in 2024, with 9% Growth in the Online Food & Grocery Market to Reach $755 ...
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Source: Yahoo! Finance
This report provides an overview of the Global Food & Grocery Retailing which includes analysis, drivers, inhibitors, market forecasts, brands and trends in the Global Food & Grocery Market 2023-2028 The global food & grocery sector is forecast to experience a slowdown in 2024, with growth projected at 3.9% versus 4.3% in 2023, attributed to persistent food inflation and macroeconomic challenges. Online penetration is expected to rise by 0.3ppts to 6.7% in 2024, with 9% growth in the global online food & grocery market to reach $755 billion, driven by ongoing investments in retailers' digital strategies. Consumers prioritize value for money, quality, and price when making food & grocery purchases, as 79.9%, 78.4%, and 77.5% of consumers across key markets stated these factors as influential drivers while making purchases. Report Scope Food inflation and disruptions to supply will slow down 2024 growth Online penetration is expected to grow in 2024, driven by continued investm
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