Online Grocery Sales Set To Grow 198% In Asia By 2023: IGD
Online grocery sales in Asia’s top 12 markets will grow by 198%, to $295 billion (€261.2 billion), by 2023, from $99 billion (€87.7 billion) in 2019, according to the latest projection from IGD Asia.
The figures correspond to a compound annual growth rate (CAGR) of 24.4%, compared with 6.2% for the overall grocery retail market over the same period.
It will make the online channel the fastest-growing format in the region.
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