, APAC
Photo by Mizuno K via Pexels

58% of consumers use devices for food purchases

Consumers are spending less time cooking at home, opting for faster and more convenient food options.

About 58% of consumers now use devices to browse and buy food, according to Euromonitor’s Voice of the Consumer: Digital Survey 2024.

The survey, which analysed responses from internet-connected consumers across 20 countries, shows a shift towards digital shopping and away from traditional grocery trips.

Consumers are spending less time cooking at home, opting for faster and more convenient food options. This change has led to smaller, more frequent shopping trips and increased use of subscription and delivery services. 

Retailers are responding by offering cook-at-home kits, ready-to-eat meals, and in-store dining options,  placing traditional food retailers in direct competition with foodservice providers, direct-to-consumer (DTC) brands, and delivery platforms.

Digital channels have gained prominence, with 45% of consumers purchasing groceries via livestreaming platforms, the second-highest category behind apparel and accessories. Livestreaming allows for interactive engagement with hosts, enhancing the shopping experience beyond what traditional online platforms offer.

Despite these digital advancements, physical stores still dominate food spending. In 2023, local grocers, supermarkets, and hypermarkets accounted for 72% of global grocery sales, while eat-in orders represented half of foodservice spending. However, these traditional channels have been losing ground to discounters, warehouse clubs, food product e-commerce, and on-the-go foodservice options.

Euromonitor projects that e-commerce and on-the-go foodservice will continue to gain market share through 2028.

Meanwhile, the report stress that the challenge for retailers is to stand out in a crowded marketplace where many offer similar products. As digitalisation levels the playing field, differentiation becomes crucial.

“Certain retailers are orientated around discovery, but several merchants, including marketplaces, are trying to be an “everything store.” As such, retailers and brands are challenged with how to differentiate in an era of same,” it stated.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hyper-personalised shopping rules in Southeast Asia
Data and analytics allow brands to optimise customer experience both online and in-store.
E-commerce
SSI Group boosts investment in unified retail
The company, which sells brands like Hermes and Cartier, is refining its omnichannel space.
Stores
Chinese fine dining finds its next course in Singapore
The city-state’s high spending power and big Chinese commune make it an ideal entry point.