Australia’s online grocery sector analysis, Nielsen
Online grocery shopping is growing seven times faster than the rest of the Australian grocery market says the latest research from Nielsen.
According to Nielsen, online consumer spending is predicted to inject up to AUD $2 billion of incremental sales into the Australian grocery industry over the next five years.
The research reflects what Nielsen calls a ‘20-20-20’ growth opportunity with:
- 20 per cent of Australians already buying at least some type of grocery product online.
- 20 per cent being the current rate of annual sales growth
- 20 per cent being the expected share of the AUD $10.6 billion growth ‘prize’ for the grocery industry over the next five years
One in four Australians say they order grocery products online and 55 per cent say they are willing to do so in the future.
Kosta Conomos, Executive Director, Retail Industry Group at Nielsen Australia, said up until now it has been hard to find examples of retailers in Australia’s FMCG industry who have mastered their offer in the online grocery space.
“Australian shoppers are growing accustomed to the benefits of digital in other retail settings and are beginning to expect them in grocery as well,” Conomos said.
“Retailers are now facing unprecedented pressure to maintain profit margins by keeping up with these increasingly demanding, empowered and connected consumers. Those that are winning in this space are leveraging technology to enhance the overall shopping experience and meet consumers’ evolving desire,” she said.
- Online grocery shopping just an “appealing idea” for most Australians, Roy Morgan Research
- Online groceriesin Australia set to grow, IBISWorld
- Coles develops world-leadingonline grocery delivery technology
- Online groceryshopping accelerated by young male Australians
The strategic and competitive challenges facing Woolies run way deeper than the packaging on a house...
Bulla has launched its new ice creams for Summer 2016/17.
Woolworths is set to run in-store customer education on the new country of origin labelling laws.
A suspected case of Panama fungal disease has been found at a Queensland banana plant.
Mondelez International will cut 50 jobs from its Hobart Cadbury factory.
PureCircle’s 2017 financial year results have been hit hard by its inability to import to the US dur...
The New South Wales container deposit scheme has already seen the return of more than 50 million dri...
A diet high in protein rich foods reduces the risk of developing Alzheimer’s disease Australian rese...