Categories: FinanceNews

Online Grocery Shopping Is Not That Popular In Europe

In this day and age of e-commerce and online shopping, one would expect to find just about anything they want for sale on the Internet. But despite the growing number of e-commerce platforms, Europe remains behind the curve by quite a margin. In fact, based on value share for purchasing goods online, South Korea has the world’s largest market.

Europe Is On The Fence About E-commerce

New research by Kantar Worldpanel goes to show the e-commerce industry is not all black-and-white. When it comes to the percent of grocery sales occurring online, Europe falls into a gray area. On one hand, select countries such as the UK and France show a healthy growth of online grocery shopping, on the other hand, the rest see a rate of under 1% for online grocery sales.

To put this into perspective, 6.9% of all UK grocery

 sales occur through e-commerce, which is quite a high number. Romania, on the other hand, is well behind the curve with 0.2% of grocery sales occurring online. This shows a large gap between different countries on the same continent, which leaves room for entrepreneurs to find solutions to close it.

At the same time, several countries also offer more ways to buy groceries online compared to others. In the UK and France, there are several ways to do so. In Romania, Italy, and Austria, options are very limited. It seems that for some reason, in those countries there does not seem to be an overly large demand to purchase groceries online.



Related Post

Retailers have to keep in mind the e-commerce industry will only continue to grow. Kantar estimates the online consumer goods market will turn into a 135 million euro business in the coming years. The UK will be leading this charge, followed by France, Germany, and The Netherlands. Other regions will have to step up their efforts or risk being left behind.

Contrary to what some people may think, plenty of consumers still rely on brick-and-mortar locations for grocery shopping. Even though some chains offer so-called “collect-and-go” services, where users can put together their shopping cart online and pick it up, that has not become a big trend yet.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

WIF Set to Overtake BONK? Lunex Soars with 100x Potential in Altcoin Season

As altcoin season heats up, all eyes are on the rising stars—especially Lunex, which is…

2 hours ago

Binance Coin Price Dips: BNB Holders Rush To Lunex Presale To Hedge Their Long Positions

While the broader market witnessed a notable upward movement, Binance Coin (BNB) experienced a decline…

2 hours ago

Crypto Stalwarts Forecasted 800% Growth in Innovative Projects: VeChain, Rollblock and Polkadot!

This blazing crypto bull run has investors looking for the next top altcoins set to…

2 hours ago

Dogecoin Price Set To Recreate 36,000% Rally From 2021 After Pennant Formation

The Dogecoin price is back in the limelight, captivating the crypto world with its recent…

2 hours ago

Is XRP About to Explode? How Trump’s Victory Is Affecting XRP Price Amidst JetBolt Growth

Ripple’s XRP showed a 68% price increase in the last 7 days following Trump's victory,…

3 hours ago

Ethereum Down While Bitcoin, Solana, and JetBolt Skyrocket In End November 2024

Ethereum stumbles as Bitcoin surges past $97K, Solana eyes new highs, and JetBolt’s presale shakes…

5 hours ago