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Online Grocery Market: Global Market Analysis with Key Players(Ocado Group PLC, J Sainsbury PLC, Tesco PLC, Wal-Mart, and Amazon) | Forecast 2023
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The online grocery market is having higher penetration in western countries. However, the market penetration is significantly low in some of the major grocery markets such as, India, China, and Brazil. With incredibly large consumer base, besides increasing penetration of internet and smart phones, the online grocery market is witnessing lucrative growth in the developing countries. The high growth in this region has led to emergence of many regional and small players.
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The faster and effective logistics operations, along with the concern over cost-effectiveness of downstream supply chain are the major hindrances within the growth of global online grocery retail market. Moreover, the unorganized grocery retail market in developing countries are acting as barrier for the entry of multinational grocery retail companies in the developing markets of Asia-Pacific.
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Recently, Amazon India (Indian subsidiary of Amazon) has declared its plans to launch faster delivery platform (Kirana Now), in association with conventional mom-and-pop stores in India. Snapdeal (Indian e-commerce players) has also announced its partnership with gourmet food retailer Godrej Nature’s Basket in January 2015. Some of the competitors in the online grocery market are Ocado Group PLC, J Sainsbury PLC, Tesco PLC, Wal-Mart Stores Inc., and Amazon.
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