Australia's online grocery market to grow to $4.2b by 2023?
According to figures released by the IGD today, Australia’s online grocery market is predicted to grow to $4.2 billion by 2023. Over the next five years, Australia will grow at a 15.3% CAGR, taking market share from 2.1% to 3.7%. IGD also predicts that ten leading global online grocery markets will experience combined growth of $227 billion, at an annual rate of 20% in that time frame. It's important to remember that these statistics are forecasts, and we have no visibility of the methodology used to generate them. Stanislav Lem once said that anybody in the forecasting business who in 1990 didn’t predict the Internet should change profession (this means 100% of people).