COVID-19 Impact Review: What to Online Grocery Market in 2020? | Know the Challenges and Trend Analysis

P&S Intelligence published a new research report, titled, "Online Grocery Market: Global Industry Analysis and Forecast till 2030, The conventional grocery retailers are adopting e-commerce models to easily gratify the grocery needs of time-crunched and tech-savvy consumers, at their door step. The convenience and advantages associated with online grocery retail such as omni-channel experience, price advantages, in addition with faster delivery is fueling the growth of the global online grocery market. 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.

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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. Europe was the largest market for online grocery during the historical period. The growing population of baby boomers, along with higher internet penetration in European countries has led to their market dominance. Asia-Pacific is the fastest growing market for online grocery retail.

In Asia-Pacific, buying groceries online is the most favored option, especially in China. However, the online grocery market in other Asian countries such as India, and South Korea are still at their nascent stage. The online grocery providers who enter early in these markets are likely to reap advantage. Globally, India is the fastest growing online grocery market. The country's online grocery market is witnessing double digit growth rate since last few years.

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This market research report provides a comprehensive overview of the online grocery market

*Historical and the present size of the online grocery market

* Major factors driving the market and their impact during the short, medium, and long terms

* Market restraints and their impact during the short, medium, and long terms

* Recent trends and evolving opportunities for the market participants

* Historical and the present size of the market segments and understand their comparative future potential

* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

* Major players operating in the market and their service offerings

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.