uying, and selling of fresh and packaged food and grocery products, such as fruits, vegetables, cereals, dairy items, drinks, snacks, meat, cooking essentials, seafood, etc. Online grocery, or e-grocery, portals offer flexible payment options, real-time tracking of the entire delivery process, attractive discounts, selection of delivery slots, access to a wide variety of products, same-day deliveries, etc.
According to IMARC Group, The global online grocery market is expected to exhibit a CAGR of 22.1% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The growing usage of smart devices and the rising penetration of internet connectivity across countries are primarily driving the online grocery market. Besides this, the hectic work schedules of consumers, especially Millennials, and the expanding working population are further catalyzing the market growth. Moreover, the increasing popularity of e-commerce platforms and the shifting preferences among consumers towards hassle-free shopping experiences are also augmenting the global market. In addition to this, the inflating adoption of online sales channels by local stores and supermarket chains to expand their customer base and simplify the shopping experience for individuals is acting as another significant growth-inducing factor. Furthermore, online grocery channels offer various advantages, including express delivery options, accessible payment gateways, cashbacks, discounts, etc., which is also positively influencing the market growth. Apart from this, the incorporation of Big Data, IoT, AI, predictive analytics, and other advanced technologies to provide customers with a personalized shopping experience is anticipated to fuel the online grocery market over the forecasted period.
Some of the Top Players in the Online Grocery Market:
Carrefour Hypermarches (Carrefour)
Costco Wholesale Corporation
Edeka Zentrale AG & Co. Kg
Fresh Direct LLC
Peapod Digital Labs (Koninklijke Ahold Delhaize N.V.)
Reliance Retail Limited (Reliance Industries Limited)
Safeway Inc. (Albertsons Investor Holdings LLC)
Schwan’s Home Delivery, Shopfoodex Co Inc., Tesco PLC
The Kroger Co.
Wm Morrison Supermarkets PLC
Also Read Full blog: Top Online Grocery Companies Worldwide:
Market 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
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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