The e-commerce sales of food and beverage stores in Canada have witnessed significant growth from 2013 to 2023. Sales surged dramatically in 2020 due to the pandemic, increasing by 411.26%. Subsequent years saw a moderated, yet steady growth with year-on-year variations of 13.83% in 2021, 8.47% in 2022, and 7.75% in 2023, where sales stood at 5485.7 million Canadian Dollars. The CAGR over the last five years reflects an average annual increase of 54.17%.
Forecast data from 2024 suggests a continuing upward trajectory, with a projected CAGR of 4.72% over the next five years leading up to 2028. This period should see a total growth of approximately 25.93% from 2024.
Future trends to watch for include:
- Expanding online grocery delivery services.
- Increased investment in digital infrastructure by traditional retailers.
- Adoption of advanced data analytics for personalized consumer experiences.
- Growth in consumer preference for sustainable and locally sourced products online.