Online Grocery Market Strong Industry Growth, Business Strategies, Demand, Emerging Trends And Forecast 2027

The latest research study "Online Grocery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group offers a comprehensive analysis of the industry, which comprises insights on the machine control system market trends

Is online grocery industry good for investment or future trend?

The global online grocery market size is expected to exhibit a CAGR of 22.1% during 2022-2027.

What is online grocery?

Online grocery comprises processed meat, seafood, eggs, milk, cheese, yogurt, butter, vegetables, fruits, pulses, cereals, oils, juices, jams, jellies, biscuits, sauces, spices, herbs, and bakery and canned food products. It is stored in cold storage and warehouses to increase the overall shelf life. It is packaged by sellers in bubble wrap and parchment papers and delivered in cartons or cardboard boxes to the doorstep of the buyers. Online grocery is managed by following specific warehouse protocols that are meant for handling perishables to maintain their fresh quality for an extensive period. It enables individuals to shop remotely anytime without traveling to stores and supermarkets and standing in long queues. It assists buyers in comparing prices, quality, and quantity of fruits and vegetables from various websites and applications. It allows individuals to save money by availing various coupon and referral codes and other lucrative offers. It also aids grocers by eliminating the requirement of maintaining a physical store and hiring appropriate employees for effective management. It can be purchased in bulk and tracked through the shopping website or application. It prevents individuals from impulse buying, helps them stick to their budget, and keeps track of their purchase histories. As it can be replaced or returned when delivered in rotten or damaged conditions, the demand for online grocery is rising worldwide.

Impact of Covid-19: 

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.

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What is drivers of change in trends for online grocery market: 

At present, the increasing demand for online grocery to avail contactless delivery service represents one of the primary factors influencing the market positively. Besides this, online grocery sellers are providing various beneficial offers to the buyers, such as cash-on-delivery (COD) services, multiple payment options, and fast delivery, which are supporting the growth of the market. In addition, the rising adoption of innovative business models by sellers, such as subscription, on-demand, slotted, and express delivery options, to enhance the shopping experience of their customers and attract new buyers is strengthening the growth of the market. Apart from this, the growing number of online grocery stores selling organic products due to the rising health consciousness and environmental awareness among the masses is offering a favorable market outlook. Additionally, online grocers are selling premium quality edible products and various exotic seafood and fruits, which is bolstering the growth of the market. Moreover, there is a rise in the development of grocery delivery apps and websites as they enable sellers to expand their business while saving money and time spent on running a physical store. This, along with the increasing online shopping activities of individuals to purchase fresh groceries, is propelling the growth of the market.

Global Online Grocery Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

Top Online Grocery Companies Worldwide: 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

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

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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.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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