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Food Industry and E-Commerce: 5 Year Outlook

By 2024, 70% of consumers will likely utilize online grocery shopping, up from 25% now. (FMI and Nielsen, 2018) See what food manufacturers are doing to prepare for this growth.

Food Industry and E-Commerce: 5 Year Outlook
Food Industry and E-Commerce: 5 Year Outlook

A 2018 consumer survey by LEK Consulting forecasts that e-commerce will account for 15%-20% of the food and beverage sector’s overall sales by 2025 — a potential tenfold increase over 2016’s 2% share.

Millennials currently comprise 49% of all people who purchase groceries online, followed closely by Gen X at 39%, and Boomers at 25%.

And, according to “2019 Trends and Advances in Food Packaging and Processing,” a report by PMMI Business Intelligence, this trend is creating change not only in food packaging, but in processing and delivery as well.

Areas in operations where food companies are actively rethinking their approach: 

           Individual units

           Variety packs

           Durable materials

           Protective packaging

           Specific labeling

           Machine re-tooling

           Upscaling operations

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