Grocery Tracker 2022
Grocers had to rapidly adapt to consumer needs by refocusing efforts on e-commerce. How will that focus shift going forward?
Grocery sales reach $803B last year
As the dust settles from the height of the pandemic, one fact has become irrefutable: grocery retailers were among the biggest winners of the pandemic. As an essential business that played a critical role in ensuring food supply during a time of great uncertainty, the grocery industry grew by 9.4% in 2020 and sustained that growth in 2021, with total grocery sales reaching $803 billion last year, representing a nearly 16.0% increase over pre-pandemic levels.
Moving forward, grocers that wish to remain competitive will:
- Focus on technology innovations to meet growing online grocery demand
- Create experiences to contend with the return of in-person dining
- Navigate the impacts of inflation and rising prices of food-at-home
Download the latest retail research report now to learn more about where the grocery industry goes from here.