Amazon to be top-10 grocery player by 2019

Amazon will soon be a driving force in the grocery space. According to analysts at Cowen & Company LLC, Amazon will be on the top-10 list for the $795 billion U.S. food market by 2019. The online giant's potential seems to be growing as more and more young shoppers look to purchase groceries through digital channels. Cowen believes this is the perfect time for Amazon to step in for two reasons: One, millennials are about to enter their prime spending years. And two, apps and online food and beverage sites keep improving over time. Story

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