Press release
6Wresearch-India Online Grocery Market is in its nascent stage
India Online Grocery Market is in its nascent stage and primarily confined to Tier 1 cities. Rising internet penetration, acceptance of smartphones, changing consumer buying trends, gaining consumer confidence towards online shopping and better service quality are tremendously boosting the market for online grocery in India. Online grocery concept enhances consumer’s shopping experience, where buyer can purchase all household products in just one click without any physical presence.
According to 6Wresearch, India Online Grocery Market is estimated to grow at a CAGR of 62.7% during 2016-22. India is the sixth largest grocery market in the world, which is majorly dominated by the unorganized sector with over 12 million pop and mom stores all over the country. Online grocery market is one of the fastest growing markets fueled by the intensifying e-commerce industry.
According to Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch, “Changing lifestyle coupled with long working hours has shifted purchasing trend from offline to online format. In India’s online grocery market, youth population is playing very significant role for these online grocery items purchases".
“Furthermore, attractive offers provided by online grocery players is wooing the consumers to opt for online purchases. Grocery and Staple segment is contributing major revenue share in the online grocery market, followed by FMCG segment. Fruits and vegetables segment is growing sluggishly as compared to other grocery segments, since consumer prefers to purchase fruits and vegetables in fresh condition, favors touch and smell of the items to judge the quality",Avishrant further added.
According to Sathi Paul, Research Associate, Research and Consulting, 6Wresearch, “Men have always been active users of online shopping. However, women are now energetically contributing in online sales; for instance, more than 68% of LocalBanya.com consumers are women".
In India, hyperlocal model is growing at faster rate as compared to pure-play model due to its distinctive benefits. Pure-play business model requires heavy investments and warehouses, which pushes the overall operating cost. On the other hand, hyperlocal model saves cost and time of delivery due to the support from the local merchant.
Bengaluru from southern region is the key market for online grocery, followed by Mumbai from western and Delhi from northern region. Online grocery companies are mainly operating in metropolitan cities due to better infrastructure facilities and higher internet penetration as compared to tier II and tier III cities. However, online grocery firms are now targeting tier II and tier III cities to expand their presence on pan India level. BigBasket, which is one of the key players of the market, which is planning to enlarge its operation to 50 cities by the end of 2016.
Some of the key companies in India’s online grocery market include – Aaram Shop, Grofers, Jiffstore, LocalBanya, MyGhrahak, Godrej Nature’s Basket, PepperTap, Bigbasket and ZopNow.
“India Online Grocery Market (2016-2022)” provides in depth analysis with 41 figures and 9 tables covered in 105 pages. The report estimates and forecast overall India’s Online Grocer market by revenue, segments such as FMCG, Grocery & Staple and Fruits & Vegetables, and regions such as northern, eastern, western, southern and north-eastern regions. The study highlights the key potential areas and provides insights on competitive landscape, company profiles, market drivers and restraints.
For detailed report description and purchase options please http://www.6wresearch.com/market-reports/india-online-grocery-market-players-share-forecast-industry-analysis.html
For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency.
Delhi/NCR Office
809, 8th Floor, Pearls Best Heights - II
Netaji Subash Place, Pitampura
New Delhi-110034
Phone: +91-11-430-24-305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 6Wresearch-India Online Grocery Market is in its nascent stage here
News-ID: 335778 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Market Penetration of Smart Ceiling Lights Globally
The global market for ceiling lights has been growing rapidly as consumers demand is high for seek stylish and efficient lighting for homes and commercial settings. Though new technologies in smart lighting are gaining traction, ceiling lights remain favored for their utility, design versatility, and energy-conscious features.
According to 6Wresearch, the Global Ceiling Lights Market is projected to grow at a compound annual growth rate (CAGR) of 4.60% between 2025 and…
Role of Electric Vehicles in Shaping Parking Infrastructure & Advancements in Au …
The car parking market worldwide is growing steadily. This is due to the rising urbanization, increased numbers of vehicles, and the need for efficient space allocation in cities. With expanding urban centers and mounting traffic congestion, demand for smart and systematic parking solutions is rapidly rising. Additionally, governments and private companies have invested in contemporary parking facilities. Moreover, technological advancements are being done to make parking systems more accessible and…
Consumer Behavior and Preferences in Purchasing Car Insurance
The global car insurance market growth has boosted massively, driven by the rising vehicle ownerships and strict government regulations. Additionally, the rising driver's awareness regarding car insurance is another major factor boosting the growth of the market. While rise of digital solutions and new technologies, traditional car insurance remains essential in the auto and financial industries, which offer vital protection and financial security to drivers worldwide.
According to 6Wresearch, the Global…
Regional Analysis of Car Accessories Demand and Innovative Technologies in Car A …
The global car accessories market is experiencing consistent growth, driven by increasing vehicle ownership, rising interest in vehicle customization, and growing awareness around safety and comfort. Consumers around the world are investing more in both aesthetic and functional accessories for their vehicles-ranging from seat covers and infotainment systems to advanced safety tools and exterior enhancements.
According to 6Wresearch, the Global Car Accessories Market is projected to grow at a compound annual…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
