Double-digit advances in the online grocery market will continue, with sales expected to grow at an average annual rate of 12.0% through 2027, according to Packaged Facts.
Through the company’s partnership with Level Equity, Upshop plans to focus on areas for growth such as speeding up innovation and increasing investment in its products and technology.
Online food retail sales, which include instore pickup, curbside delivery, and at-home delivery, reached $76 billion in 2022. Euromonitor International
predicts online grocery will be the largest source of growth for food in the US in the future.