Online Grocery Market Research Report

 

The GMI Research's latest analysis reveals that the Online Grocery Market is slated to register a significant CAGR over the coming years. This is mainly attributed to the increasing number of smartphone users, the growing disposable income of people, COVID-19 emergence, and inclination towards convenient shopping.

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Online Grocery Market’s leading Manufacturers:

·        AEON Co., Ltd.

·        Alibaba Group Holding Ltd.

·        Amazon.com, Inc.

·        Grofers India Pvt. Ltd.

·        Instacart Inc.

·        JD.com, Inc.

·        Rakuten Inc.

·        Target Brands, Inc.

·        Tesco.com Ltd.

·        Walmart Inc.

Online Grocery Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The major factors responsible for the growth of the online grocery market include the increasing number of smartphone users, the growing disposable income of people, COVID-19 emergence, and inclination towards convenient shopping. E-commerce is the major evolving sector with the presence of various service provides at a global level. Online grocery platforms offer a large range of products that are not available in local stores. In the present scenario, the majority of the population has a hectic schedule, thereby online shopping of groceries saves time by reducing the requirement to stand in the long queue for parking issues and billing. By doing online grocery shopping, billing can be done within few minutes, and products are delivered at the doorstep. In addition to this, online vendors give various discounts and offers, which increases consumers' emphasis. The products ordered online could be easily replaced or returned through a home pickup facility. Thereby, these exceptional advantages of online platforms are significantly shifting consumers' aim towards online grocery shopping from traditional online grocery shopping.

The emergence of the COVID-19 pandemic has positively influenced the growth of the online grocery market share in terms of revenue due to the rising focus on social distancing, which is encouraging individuals to opt for online shopping platforms at a higher rate as the digital platforms provide easy contactless payment option and offer no contact deliveries at doorsteps.

Product Segment Drivers

Based on product, the market is segmented into breakfast & dairy, fresh produce, snacks & beverages, staples & cooking essentials, meat & seafood, and others. The staples & cooking essentials are projected to dominate the market due to the increasing staple & cooking essentials like root vegetables, cereals, fruits, and others which are important for human survival. On the other hand, breakfast & dairy products is anticipated to rise at a faster CAGR in the coming years due to the strong demand for curd, milk, yogurt, and others, among people. With the hectic lifestyle, people are starting to consume healthy products, which fuels the growth of the market.

Regional Drivers

Based on region, North America is expected to dominate the online grocery market size over the forecast period due to the strong presence of leading companies in the market. Consumers are technologically advanced as they do grocery shopping through online mode. On the other hand, Asia-Pacific is predicted to grow at a higher CAGR in the coming years due to the drastically changing lifestyles of citizens in emerging economies and rising disposable income.

Online Grocery Market Segmentation:

Segmentation by Product:

·        Fresh Produce

·        Breakfast & Diary

·        Snacks & Beverages

·        Meat & Seafood

·        Staples & Cooking Essentials

·        Others   

Segmentation by Business Model:

·        Pure Play

·        Hyperlocal Delivery 

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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