Promoting shopping recommendations in the moment could help grocery store retailers to increase consumers’ checkout totals. The high upfront investments could dissuade stores from buying into this new tech when quick ROI isn’t guaranteed. Total spend on in-store retail media will make up less than 1% of total omnichannel retail media spend through 2028, per our forecast.
Our debut forecast for CPG subcategory ad spending shows food companies playing the largest role. We’ve added five new digital ad spending subsector breakouts for the CPG industry: food, toiletries and cosmetics, nonalcoholic beverages, alcoholic beverages, and “other,” which is largely made up of cleaning supplies and tobacco products.