Morgan Stanley Highlights Amazon’s Growth Potential in Fresh Grocery Market
Morgan Stanley analyst Brian Nowak underscores Amazon's strategic push into the $1.6 trillion US fresh grocery market as a catalyst for durable growth. The perishables segment alone—projected at $600 billion by 2026—nearly matches Amazon's estimated US GMV for the same period.
Every 1% market share gain in fresh groceries could add 120 basis points to Amazon's GMV growth, leveraging its existing $50 billion US grocery footprint. Nowak emphasizes the untapped potential of integrating fresh products, calling it a 'material' opportunity to accelerate Amazon's dominance beyond e-commerce.