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The global online grocery market is expected to exhibit a CAGR of 22.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Online grocery refers to the purchase of packaged, fresh, or frozen food products, such as cereals, drinks, snacks, seafood, meat, poultry, fruits and vegetables, dairy, and other cooking essentials,via e-commerce websites. It enables customers to compare priceson different websites and track total spending, delivery process, and past order history to reorder items. It also provides the advantages of express delivery options, accessible payment gateways, cashback, and discounted offers. As a result, it is gaining immense traction over traditional shopping methods as online groceryoffers faster delivery of products with doorstep facilities.
Online Grocery Market Trends:
Rapid urbanization, busy lifestyles and expanding purchasing power of individuals are among the major factors positively influencing the demand for online groceries around the world. This can also be attributed to the growing sales of smartphones and the increasing penetration of high-speed internet. Besides this, the rising trend of fresh and high-quality food products, coupled with shifting consumer inclination toward hassle-free shopping experiences, is contributing to the market growth. Furthermore, extensive promotional activities and brand endorsements by manufacturers on social media platforms are fueling the market growth. Apart from this, the integration of voice ordering features andartificial intelligence (AI), big data, predictive analytics, and the internet of things (IoT) technologies can help brands predict customer behavior for targeted advertising and delivery of services as per the requirement of the users.This, in confluence with the increasing awareness among individuals about the benefits of online grocery channels, is anticipated to offer lucrative growth opportunities to industry players.
IMARC Group provides an analysis of the key trends in each sub-segment of the global online grocery market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on the product type, business model, platform, and purchase type.
Breakup by Product Type:
Staples and cooking essentials dominate the market as they are required daily to support the energy and nutritional needs of individuals.
Breakup by Business Model:
Pure marketplace represents the largest business model as it offers a convenient way to compare prices and products from a single source.
Breakup by Platform:
Breakup by Purchase Type:
Breakup by Region:
North America holds the majority of the market sharedue to a high-penetration of the internet and increasing dependence on smartphones.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Amazon.com Services LLC, Costco Wholesale Corporation, EDEKA ZENTRALE Stiftung & Co. KG, Fresh Direct, LLC, HappyFresh Group, Koninklijke Ahold Delhaize N.V., Reliance Industries Limited (RIL), Albertsons Companies, Inc., Cygnus Home Service, LLC, Shopfoodex Co Inc., Tesco PLC, The Kroger Co., Walmart Inc, and Wm Morrison Supermarkets Limited.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Business Model, Platform, Purchase Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia|
|Companies Covered||Amazon.com Services LLC, Costco Wholesale Corporation, EDEKA ZENTRALE Stiftung & Co. KG, Fresh Direct, LLC, HappyFresh Group, Koninklijke Ahold Delhaize N.V., Reliance Industries Limited (RIL), Albertsons Companies, Inc., Cygnus Home Service, LLC, Shopfoodex Co Inc., Tesco PLC, The Kroger Co., Walmart Inc, and Wm Morrison Supermarkets Limited|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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