Online grocery market set to grow by 33% in 2020
A new study has predicted that the online grocery market will grow by 33% in 2020 to reach £16.8 billion.
The research by Mintel has also led the company to forecast that the market is set to be worth £17.9 billion by 2024 following growth of 41% over a five-year period.
The poll of UK shoppers found that in the early days of coronavirus crisis pre-social distancing, just 7% of UK shoppers increased the amount of online shopping they did for both food and non-food. However, this has now grown to an uplift of 36% over a two-month period.
Credit: The Retail Bulletin