Industry Analysis & Industry Trends
While revenue for operators in the Online Grocery Sales industry fell during the recession, the industry's overall performance was not severely marred over the period. Americans' affinity for the internet has driven industry growth. Broadband connections have increased, and the number of mobile internet connections skyrocketed, reinforcing demand for online retailing services. Looking ahead, the next five years promise strong growth for the Online Grocery Sales industry. Driven by declining unemployment and increased internet usage, industry revenue is forecast to rise substantially.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Grocery Sales industry is in the growth stage of its life cycle; its contribution to the US economy is outpacing general economic growth. Over the 10 years to 2020, the industry's value added (IVA) is forecast to increase at an average annual rate of 13.4%, despite weakened performance immediately following the recession. Meanwhile, US GDP is anticipated to grow 2.5% per year on average. This extremely growth is due to the fact that the industry remains in its infancy and is starting from a small base, but nevertheless indicates that it is rapidly increasing in size.
The number of industry participants is also expected to increase over this period... purchase to read more