Euromonitor Releases New E-Commerce Spending Report
Euromonitor International has released a new report that identified strong growth in grocery e-commerce sales in the U.S., defined as the world’s largest market for online sales of food and beverages.
Online sales, though slowing, remains the leading source of future growth for groceries in the US. Food and beverages retail sales online amounted to $76 billion in 2022. This is a small portion of the $1.2 trillion in total retail sales of food and beverage products that occurred in the U.S. that year.