A recent prediction from Brick Meets Click and Mercatus predicts that from 2022 to 2027, online food sales will expand at a compound annual growth rate (CAGR) of 11.7%. According to the prediction, e-commerce would account for 13.6% of total food purchases by 2027, up from 11.2% in 2022. Over the next five years, pickup is expected to expand the quickest and capture the most market share.
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Brick Meets Click and Mercatus predict that by 2027, online grocery sales will increase at a 2.5% CAGR. Both the ageing U.S. population and the decline in family size are anticipated to have a negative impact on food sales. It is anticipated that price inflation will be a more significant growth driver for in-store purchasing.
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