This question is about us food retail industry statistics.

Where is the food retail industry headed over the next decade?

By Zippia Team - Feb. 14, 2022

Over the next decade, the food retail industry is expected to experience a steady 5% CAGR. However, there are several interesting trends present. Within 2020 alone, online grocery sales have risen by 54% and continued to grow steadily into 2021.

In fact, online sales now account for $112.9 billion, when it was only $62.2 billion in 2019. Additionally, it's worth noting that a majority of the growth comes from industry leaders like Walmart and Amazon.

With that in mind, we can expect the food retail industry to experience continued growth within the next decade.

Where is the food retail industry headed over the next decade?

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