Press release
Online Grocery Market in India May See Big Move | Amazon, Reliance, Dunzo, Grofers
Online Grocery Market
If you are a Online Grocery manufacturer and would like to check or understand policy and regulatory proposal, designing clear explanations of the stakes, potential winners and losers, and options for improvement then this article will help you understand the pattern with Impacting Trends. Click To get SAMPLE PDF (Including Full TOC, Table & Figures): https://www.htfmarketreport.com/sample-report/2982603-online-grocery-market-2
Market insights:
The online grocery market in India was valued at INR 135.62 Bn in 2019 and is expected to reach INR 1,227.52 Bn by 2025, expanding at a CAGR of ~41.80% during the forecast period (2020-2025). Venture capitalists such as SoftBank Vision Fund, Tiger Global, and Sequoia Capital are investing in online grocery companies, mainly owing to the possibility of high returns. The initial days of the coronavirus-led lockdown were difficult for the online grocery market in India. Several e-commerce platforms entered the e-grocery space to cater for the increased demand during the lockdown. Moreover, to deal with the challenges, consumer majors and retailers formed unusual alliances with online aggregators, creating business opportunities amid the crisis. The online grocery market gained much popularity, owing to the social distancing norms and fear of virus transmission.
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research and development)
• Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)
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Key growth drivers of the market:
-Owing to improved digital literacy and increased use of smartphones, people have become aware of various e-commerce services such as online shopping. Purchasing groceries online has become prevalent because it is convenient, and goods are delivered at the doorstep without any hassle.
-Online grocery companies have introduced features such as product suggestions based on prior searches and purchases, allowing placing orders from different vendor partners, and live order tracking. Marketing strategies such as cashback offers, discounts, and free deliveries on orders exceeding specific price amounts have been employed by the key players. Therefore, innovations and strategies undertaken to increase the customer base, are propelling the growth of the market.
Some Extracts from Online Grocery Market Study Table of Content
Online Grocery Market Size (Sales) Market Share by Type (Product Category) in 2020
Online Grocery Market by Application/End Users
Global Online Grocery Sales and Growth Rate (2015-2025)
Online Grocery Competition by Players/Suppliers, Region, Type and Application
Online Grocery (Volume, Value and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in complete table of Contents
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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