date:Oct 18, 2012
Internet sales of food and grocery products will reach 11bn within five years, predicts the grocery think-tank IGD.
Online sales will nearly double from the current value of 5.6bn, according to IGD ShopperVista research published at IGDs Trading in a Digital World conference.
This represents a compound annual growth rate of 14.6% between 2012 and 2017.
Fastest growing sector
Joanne Denney-Finch, chief executive, IGD, said:Although online only currently represents 3.4% of the overall UK groce