Global Online Grocery Market (2023 To 2029) - Size, Share & Trends Analysis Report | Introspective Market Research

Market Overview

Global Online Grocery market was valued at USD 434.56 billion in 2021 and is expected to reach USD 2,037.58 billion by the year 2028, at a CAGR of 24.70% between 2022 to 2028.

Consumers' shifting priorities, increased concentration of population in cities, and the rise of an Internet-savvy youth population have all contributed significantly to the market's meteoric rise in recent months. People's disposable incomes and schedules are on the rise, so they'd rather buy groceries online from a store that can be tailored to their needs than from a vendor down the street. Major online stores are providing services like that help in placing the order and collecting it on the same day. This helps in the rapid growth of the services market. The click and collect concept are adopted in order to have contactless shopping experience.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

Driver:
Increases in per capita disposable income have contributed to the expansion of the global market for online grocery shopping. In today's world, consumers look for goods that can boost their convenience and ease of use. People are more likely to pay for and use services that are convenient for them, and they are more likely to go out of their way to shop online in order to do so. Incomes have increased as a result of urbanisation because of the improved quality of life it has brought about. The rise of the middle class and improvements in internet infrastructure have spurred the expansion of online grocery stores.

Opportunity:
Online shopping's meteoric rise in popularity among consumers around the world bodes well for expansion in the retail sector. The grocery industry stands to benefit greatly from the rapid urbanisation taking place in densely populated Asian nations such as China, Pakistan, India, Bangladesh, and others. Injecting your retail chain's name into those markets would lead to meteoric expansion. Investment in the China market is an opportunity of the Market.

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Market Segmentation

Product Type Insights:
The Staples and Cooking segment has accounted for the highest CAGR in the online grocery market of 25.80% with a market share of 25.36% and an estimated market size of USD 354.49 billion in the year 2026. The fresh produce segment is expected to be the second-largest segment with a market share of 21.32% and estimated market size of USD 229.94 billion in the year 2026.

By Type
• Fresh Produce
• Breakfast & Dairy
• Snacks & Beverages
• Meat & Seafood
• Staples & Cooking Essentials
• Others

By Delivery Type
• Home Delivery
• Click & Collect

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Regional Insights:
The online Grocery market is growing rapidly in the North-American region. North-America region is accounted for the largest online grocery market share across the globe with a CAGR of 38.12% and a market size of USD 77.99 billion in the year 2019. But in the forecast period, due to the high demand from the regions like China, Japan, Australia, and India, Asia-Pacific is expected to continue the growth of online grocery market with a CAGR of 29.12% and an estimated market size of USD 309.04 billion in the year 2027.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA

Major Key Players Considered in the Market
• NetGrocer.com Inc.
• Grofers India Pvt Ltd.
• AEON Co
• Amazon India Pvt Ltd.
• Koninklijke Ahold Delhaize N.V.
• Fresh Direct LLC.
• Schwan Food Company
• My Brands Inc.
• Instacart
• Wal-Mart Stores and other major players.

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