Online Grocery Market Overview:
The Online Grocery Market is valued at around USD 350.55 billion in 2022 and is expected to reach USD 2778.4 billion by 2030, registering a CAGR of 25.3% over the forecast period Over the projected period, the market's growth is anticipated to be driven by consumers' shifting buying preferences in the wake of the pandemic and the unrelenting expansion of the e-commerce sector. Online grocery retailers are anticipated to propel the market's expansion with their array of payment alternatives and guarantees for contactless delivery of bought items.
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Online Grocery Market Size Trends:
Throughout the projected period, the market's growth is anticipated to be driven by consumers' shifting buying habits following the pandemic and the E-commerce industry's unrelenting expansion. The market's expansion is anticipated in part because online grocers provide a variety of payment options and guarantee contactless delivery of the items buyers have requested. Grocery buying through online channels is preferred due to ongoing urbanization, technological developments, and a paradigm shift in customer shopping patterns. Grocers are also incentivizing customers to shop for groceries online by introducing innovative business models including scheduled or expedited delivery, as well as on-demand or subscription delivery methods. Growing levels of disposable income and the alluring discounts provided by service portals are major factors propelling the market's expansion.
Companies Covered: Online Grocery Market:
- AEON Co., Ltd.
- com,
- com, Inc.
- Blinkit (formerly Grofers)
- Instacart, JD.com, Inc.
- Natures Basket Limited
- Rakuten,
- Reliance Retail (Reliance Fresh)
- Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
- Target Brands
- , Tesco.com
- The Kroger Co.
Global Online Grocery Market Segmentation:
On the basis of purchaser type:
- On time purchase
- Subscription
- others
On the basis of Delivery type:
- Home delivery- company owner stores, third party stores
- Third-party stores
- Click and collect
- Others
On the basis of end-user
- Individuals
- Distributors
- Others
Online Grocery Market Growth Factors:
Online shopping helps to cut down on the time spent driving to and from the store, gathering items, and avoiding petrol or fuel waste. Even if you try to place an order at midnight, customers still benefit from a fully stocked store. Compared to making separate household journeys for grocery shopping, doing it online will assist reduce carbon dioxide emissions. When shopping online, the inclination to make impulsive purchases is suppressed. The ability to compare prices offered by these platforms eases housewives' lives and helps them save money. In comparison to physical stores, searching for things online is also simpler. A lot of grocery store websites assist you with your previously ordered shopping list.
Competitive Landscape:
By collaborating with regional suppliers to provide a variety of options, they have concentrated on growing their product line. To further ensure that their services are prompt and dependable, the major firms have made significant investments in creating strong logistics networks and effective delivery systems. They've created mobile applications that are easy to use and websites that offer customized recommendations in an effort to improve client experience. To further entice consumers, these players have implemented alluring deals, rebates, and loyalty plans. Further propelling the expansion of the Indian online grocery market are their heightened marketing and advertising endeavors aimed at raising awareness of and promoting the advantages of online grocery purchasing.
Online Grocery Market Regional Insights
North America dominated the global Online Grocery Market, several significant companies are based in North America, including Walmart, Instacart, Amazon.com, Inc., Target, and The Kroger Co. Particularly in the United States, e-commerce sales are steadily increasing. The U.S. Department of Commerce's Retail Indicator Division estimates that e-commerce sales will reach USD 870 billion in 2021, up 14.2% from the previous year. Any potential increase in online sales numbers, however, may be threatened by the resurgence of in-store or offline purchasing in response to the lifting of limitations.
Reasons to Purchase this Report:
- Analyzing the outlook of the market with the recent trends and SWOT analysis Online Grocery Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years.
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