Amazon, on the other hand, has struggled to expand its reach in food and beverage, but remains at No. 2. The ecommerce giant added new fees and raised order minimums for Prime members to qualify for free grocery deliveries.
Report
| Jan 9, 2024
Stores lead in conversion for shoppers buying new brands and products across food and beverage, household supplies, and health and personal care. But ecommerce still plays a role: More than one-third of shoppers who purchased a new food and beverage item did so online, with even higher rates for the other two grocery categories. Beauty and furniture and home goods were evenly split.
Report
| Nov 6, 2023
In 2024, we expect a tepid boost in growth, fueled by sales of household goods in two key categories: health, personal care, and beauty and food and beverage. This deck will:. Share our forecast for US retail ecommerce sales. Reveal a shift in the ecommerce landscape, as household essentials outpace growth of the categories that have historically dominated ecommerce.
Report
| Mar 20, 2024
Explain our predictions for ecommerce sales across four major categories: food and beverage; textiles, clothing, and footwear; household goods; and health, personal care, and beauty. Help brands and retailers capitalize on opportunities for growth.
Report
| Jan 23, 2024
Gen Z’s buying power is rapidly growing: Food and beverage companies looking to cater to the demo’s unique tastes can’t do so without incurring some risks, however.
Article
| Jul 7, 2023
Food and beverage had the highest ecommerce sales growth during the 2023 holiday season, increasing 19.9% YoY, per our forecast. Holiday ecommerce sales of apparel, footwear, and accessories grew 12.8%, and consumer electronics grew 9.0%.
Article
| Mar 27, 2024
More than a third of all CPG digital ad spending will come from the food industry subcategory. The CPG food industry is so large that its $13.89 billion outlay in 2023 will make up more than 5% of all US digital ad spending on its own. Toiletries and cosmetics will be the second-largest CPG spender, at $12.74 billion.
Report
| Sep 27, 2023
Before the pandemic, online alcohol sales rates were in close proportion to the rest of food and beverage. But the pandemic-induced digital grocery boom accelerated the pace of ecommerce penetration among food and beverage sales. For many reasons, alcohol did not keep up with this larger category trend.
Article
| Jun 22, 2023
Online sales of food and beverage will just inch pass the 10% penetration mark in 2026. The health and personal care category is set for another strong year. It will grow nearly as fast as food and beverage in 2023, at 18.9%, driven by increasing online demand for essential goods such as toiletries, over-the-counter medications, and household supplies.
Report
| Jul 28, 2023
Health, personal care, and beauty and food and beverage categories will see the most growth of US ecommerce sales, with 17.5% and 16.7% YoY growth in 2024, respectively. 3. Advertisers should tap new avenues.
Article
| Jan 8, 2024
By 2026, nearly 30% of US consumers’ average retail spending (excluding food and beverage sales and ticketing) will be made using proximity mobile payments, as providers look to build on the pandemic-driven adoption of the technology.
Report
| May 27, 2022
Target’s Good & Gather generated over $3 billion in sales in 2022, according to Erica Thein, vice president of food and beverage owned brands at Target, leading the retailer to expand its private label food and beverage products, per Store Brands. 4. The potential game changer: The Kroger-Albertsons merger.
Article
| Dec 12, 2023
Amazon’s two fastest-growing ecommerce categories this year will be health, personal care, and beauty as well as food and beverage.
Report
| Mar 24, 2022
The latter are more likely to search for apparel, food and beverages, and beauty products. Takeaways. Social search can work across all sorts of categories. While some categories—like beauty and food—are more searchable than others, brands outside these industries shouldn’t rule social search out.
Report
| Feb 20, 2024
But food and beverage sales are still dropping. The UK health, personal care, and beauty category will reach £15.69 billion ($19.33 billion) by the end of 2027. We predict the category will grow by an average annual rate of 4.6% over the next five years. That’s ahead of the average growth rate we expect from clothing and textiles (4.3%), food and beverage (3.9%), and household goods (3.9%).
Report
| Jul 24, 2023
Stores lead in conversion for shoppers buying new brands and products across food and beverage, household supplies, and health and personal care. But ecommerce still plays a role: More than one-third of shoppers who purchased a new food and beverage item did so online. Beauty and furniture and home goods were evenly split.
Article
| Nov 20, 2023
US food and beverage ecommerce sales will approach $80 billion in 2022, up 20.7% from nearly $65 billion last year. While the growth is impressive, it’s far slower than the 99.0% surge the category saw in 2020, when wary consumers pivoted to buying online at the onset of the pandemic.
Article
| Mar 25, 2022
Food and beverage is a massive category with a limited set of D2C opportunities. Perishable food and beverages are a difficult fit with the D2C model, as several meal kit companies have recently discovered. Customers often cancel due to the challenge of routinely cooking fresh ingredients and the steep subscription price.
Report
| Jun 5, 2023
These two cohorts were about as likely to have purchased clothing in a store as food and beverage products (in the 85% range). They were also more likely to have bought footwear or accessories in a store compared with the overall average. Gen Z and millennials are also the most frequent fashion buyers, and more so online.
Report
| Mar 13, 2024
Food and beverage had the highest LTV, but the lowest retention rate. Despite their declining popularity, meal kits still make up a large share of subscription ecommerce sales. This likely boosted the LTV of the food and beverage category, but also impacted its retention rate. Products for pets and animals hit the sweet spot for both metrics.
Report
| May 23, 2023
Auto and parts and food and beverage will be the fastest-growing ecommerce categories; both will see double-digit growth but from a relatively small base.
Article
| Mar 22, 2022
Grocery ecommerce has permanently accelerated and will approach 10% penetration in 2022. Ecommerce may still be a minor channel for food and beverage sales at 5.5% penetration, but the broader grocery market includes major sub-categories like pet products (36.0%) and health and personal care (16.5%), where ecommerce is a critical channel.
Article
| Sep 8, 2022
Across almost all product categories, US luxury shoppers are far more likely to make purchases in-store than online. Physical retail had the widest lead in the food and beverage category, followed by watches and jewelry. Digital got the upper hand in only fashion and travel, suggesting that for many tangible luxury goods, shoppers prefer to see and feel them before spending big bucks.
Article
| Feb 15, 2022
Insider Intelligence spoke with Kate Lubenesky, president at W&P, a food and beverage essentials brand that sells sustainable packaging for everyday food items.
Article
| May 27, 2022
The plant-based foods industry needs to change: As the category expands its customer base beyond vegetarians, it needs to cut prices and improve its products.
Article
| Apr 28, 2022