In the past two years, inflation has been a primary contributor to digital grocery sales growth. Last year, digital grocery sales grew 18.4%, aided by the price of online grocery products growing an average of 7.5% YoY between January and November, according to Adobe’s Digital Price Index. In 2022, sales increased 19.5%, with a monthly average price increase of 11.7% YoY.
In 2024, inflation will cool, but digital grocery sales will still increase by 17.4%. Compared with recent years, we expect more of this growth will come from increased purchase volume, not price increases.
A note about our digital grocery forecast: Our forecast includes the online sale of all items that consumers regularly buy from a grocery store, including food and beverages, pet food, household cleaning products, personal care products, and other household consumables. Online sales can be fulfilled via any channel, including doorstep delivery (e.g., Instacart, Amazon Fresh), “ship to home” (e.g., Amazon.com), or click and collect (e.g., curbside pickup, in-store pickup).