According to the latest report by IMARC Group, titled “Online Grocery Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global online grocery market is expected to exhibit a CAGR of 22.1% during 2022-2027.
Online grocery is the purchasing and selling of fresh and packaged grocery items through mobile apps or e-commerce websites. It includes a wide variety of products, including fresh fruits and vegetables, dairy, cereals, drinks, snacks, seafood, meat, and other cooking essentials. The online grocery portals enable the consumer to choose from flexible payment options, access various products, select delivery slots, and track the delivery process. As a result, online grocery shopping has gained immense traction, particularly among the urbanized and millennial population across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Online Grocery Market Trends:
The growing penetration of internet services and smart devices coupled with the expanding e-commerce sectors are primarily driving the market growth. Furthermore, the hectic consumers work schedules and increasing working women population are also catalyzing the market for online grocery. Moreover, the rising influence of numerous social media platforms, such as Facebook and Instagram, is allowing the market players to expand their consumer base by directly interacting with existing and potential customers. Apart from this, due to the outbreak of COVID-19 pandemic, consumer preferences have shifted from brick-and-mortar retail stores towards online grocery platforms for combatting the spread of coronavirus infection upon human interaction. All the above-mentioned factors are anticipated to bolster the market growth in the coming years.
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Global Online Grocery Market2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Amazon, Carrefour Hypermarches (Carrefour), Costco Wholesale Corporation, Edeka Zentrale AG & Co. Kg, Fresh Direct LLC, Happyfresh, Peapod LLC (Koninklijke Ahold Delhaize N.V.), Reliance Retail Limited (Reliance Industries Limited), Safeway Inc. (Albertsons Investor Holdings LLC), Schwan Food Company, Shopfoodex Co Inc., Tesco PLC, The Kroger Co. , Walmart Inc. and Wm Morrison Supermarkets PLC.
The report has segmented the market on the basis on region, product type, business model, platform and purchase type.
Breakup by Product Type:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
Breakup by Business Model:
- Pure Marketplace
- Hybrid Marketplace
- Others
Breakup by Platform:
- Web-Based
- App-Based
Breakup by Purchase Type:
- One-Time
- Subscription
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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