Press release
Online Grocery Market Growing Demands and Precise Outlook - Ocado Group, Amazon, Tesco plc
Companies Mentioned
Ocado Group, Amazon, Tesco plc, Kroger, Sainsbury's, Morrisons, Carrefour, Walmart, Albertsons, Ahold Delhaize.
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Global Online Grocery Market was valued at USD 98386.79 Million in the year 2019. Several significant factors such as rise in enhanced broadband connections and number of tablet or smart phone users particularly by Baby Boomers and Generation X, introduction of Omni channels by leading global retailers and manufacturers focusing on expanding geographical footprint and tapping the untapped target market audience across the regions by providing quality service and grocery have been estimated to accelerate the Online Grocery Market growth during the period of 2019-2024. Additionally, the market is growing on the back of advantages of tech savvy but time starved people.
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Frozen Foods among the other products of grocery are anticipated to witness the highest growth rate owing to easy availability of easy to cook food in the busy lifestyle of time-starved generation. Also, the industry had paid attention to health of consumers by introducing super food nutrients and removing preservatives and hence, making the frozen food grabbing the attention of working population particularly, women across the regions which has been anticipated to accelerate the market growth in future.
Among the regions, Asia Pacific, followed by Europe and North America, likely to develop as the largest market owning to evolution in techniques for approaching and grabbing a chunk of consumers by renowned retailers, improved use of existing access of technology and a number of companies focusing on improving their product portfolio and distribution channel in order to cater the consumer's needs. However, increase in the number of smart phone users whose main motive is convenience while managing household work would drive higher growth in the Online Grocery market during the coming years.
Global Online Grocery Market
Analysis by Product Type: Fruits & Vegetables, Frozen foods, Meat, Fish & Poultry processing, Dairy Products, Beverages and Others.
Analysis by Generation: Greatest Generation, Baby Boomers, Generation X, Millennials and Generation Z.
Online Grocery Market By Delivery Method - Home Delivery, Click and Collect.
Regional Markets:
North America, Europe, APAC and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
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Table of Contents:
Research Methodology
Executive Summary
Strategic Recommendations
Online Grocery Market: Product Outlook
Global Online Grocery Market : Growth and Forecast
Global Online Grocery Market: Segment Analysis
Global Online Grocery Market: Regional Analysis
Global Online Grocery Market drivers
Global Online Grocery Market Challenges
Global Online Grocery Market Trends
SWOT Analysis
Company Profiles
Other Report Highlights:
Market Dynamics
Drivers and Restraints
Market Trends
SWOT Analysis
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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