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Online Grocery Sales Set To Grow 198% In Asia By 2023: IGD

Published on Jul 3 2019 1:40 PM in Technology tagged: IGD / asia / Paywall / World News / Online Grocery Sales

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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