In this file:
· Amazon to nearly double online edible grocery sales by 2026
· Amazon.com to Webcast Second Quarter 2021 Financial Results Conference Call
Amazon to nearly double online edible grocery sales by 2026
Walmart, other big players ramping up e-commerce to boost food and beverage share, Edge by Ascential says
Russell Redman, Supermarket News
Jul 15, 2021
Over the next five years, Amazon will nearly double its online food and beverage sales globally, holding its grocery e-commerce lead over rival Walmart, CPG market researcher Edge by Ascential predicts.
Amazon’s online edible grocery sales are projected to climb to $26.7 billion worldwide in 2026 from $14.5 billion in 2021, a compound annual growth rate (CAGR) of 13%, according to the latest Food and Beverage Sector Report from Edge Retail Insight, Edge by Ascential’s retail research arm. Walmart also will see strong growth, but not enough to overtake Amazon. Edge Retail Insight forecasts a 14.1% CAGR for Walmart’s edible grocery e-commerce sales over the next five years, from $10.1 billion globally in 2021 to $19.5 billion in 2026.
Still, both Amazon and Walmart will remain well behind Chinese e-commerce giant Alibaba, whose online food and beverage sales are expected to rise at a 10.7% CAGR from $20.6 billion in 2021 to $34.2 billion in 2026, solidifying the company as the world’s largest pure-play e-grocer. The Edge Retail Insight Food and Beverage Sector Report is based on forecasts powered by Edge’s proprietary data analytics technology.
“The COVID-19 pandemic has led to a massive uplift in demand for online grocery shopping missions. Amazon has been developing its online grocery business, and the Amazon Fresh service has been expanding in international markets as well. So that’s one of the key operators that we’re expecting to grow very strongly over the next few years,” David Gray, senior retail analyst at Edge by Ascential, said in an interview with Supermarket News.
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Amazon.com to Webcast Second Quarter 2021 Financial Results Conference Call
Source: Amazon.com, Inc.
via Business Wire - July 15, 2021
SEATTLE--(BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) announced today that it will hold a conference call to discuss its second quarter 2021 financial results on Thursday, July 29, 2021, at 2:30 p.m. PT/5:30 p.m. ET.
The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir.
Amazon.com Public Relations