Online grocery shopping is on the rise.
Even with restaurants reopening, and consumers crowding food stores, more Americans are ordering groceries online, according to Gallup.
“In addition, fewer Americans than two years ago are dining at restaurants, but takeout and delivery from restaurants is steady and remains a popular activity,” Gallup notes. “The percentage of U.S. adults who now say they order groceries online for pickup or delivery at least monthly has doubled, from 11% in 2019 to 23% today. This includes 3% who do so more than once a week, 9% weekly, and 11% once or twice a month.”
Also, the number of Americans dining out is dropping, too.
At the moment, about 74% of Americans says they eat at a restaurant at least once a month, as compared to 87% in 2019. “The greatest decrease is in the percentage who say they eat out more than once a week, which has declined seven points to 17%.”
Delivery numbers could increase even more with virus numbers on the rise yet again.
Also, as we noted on March 24, 2021:
With millions of people ordering takeout far more frequently, the sector could balloon to a $400 billion valuation by 2024. Better, according to Euromonitor, it could surge to $1 trillion over the next decade.
In fact, according to Research and Markets:
“Online food ordering market in Europe has grown multiple folds in the last five years. Europe online food delivery facility is growing year on year due to the escalating utility of smartphone phone users and the internet penetration rate; it contributes to the enormous growth of this market. Besides, COVID-19 pandemic has drastically changed the way to order online food in Europe. As people are advised to remain at home and hotels are closed, so online food ordering has shown tremendous growth in this period.”
Some of the top stocks to consider on that news include Uber Technologies (UBER), Grubhub (GRUB), DoorDash (DASH), Blue Apron Holdings (APRN), and Waitr Holdings Inc. (WTRH)