Global sales of food and beverage are set to increase by USD653.6bn over the next five years, reaching almost USD3.6trn by 2026, according to analyst forecasts from Edge by Ascential.
Whilst the category as a whole will see a compound annual growth rate of 4.1%, by far the biggest growth opportunity will be within the online channel, which will increase by 10.5% annually, outpacing bricks and mortar retail growth at 3.7%.
For CPG manufacturers and suppliers these figures provide a strong call-to-action, highlighting the need to prioritise ecommerce as a key investment channel to capture a share of this opportunity.
We are excited to share with you our Food & Beverage Sector Report webcast, which is now open to registration. This webcast, presented by David Gray and Florence Wright from the Retail Insight team, covers the following:
- Food and beverage industry disruptors
- The new grocery shopping experience
- Grocery ecommerce post-pandemic
Fill out the form below to join us on November 10th at 10:00 EST | 15:00 BST