Online Grocery Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2156
The online grocery market size has grown exponentially in recent years. It will grow from $445.99 billion in 2023 to $542.72 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to continued growth in e-commerce, expansion of ultrafast delivery services, focus on sustainability, increased investment in last-mile logistics, enhanced payment solutions.
The online grocery market size is expected to see exponential growth in the next few years. It will grow to $1180.95 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to internet penetration and access, advancements in e-commerce, improved logistics and delivery systems, mobile technology proliferation, covid-19 pandemic-induced surge. Major trends in the forecast period include technology integration, focus on sustainability, enhanced customer experience, partnerships with brick-and-mortar retailers, contactless and cashless transactions.
A shifting preference towards digital shopping for convenience and safety is expected to propel the growth of the online grocery market in the coming years. Digital shopping, often known as shopping online or e-commerce, is the process of buying products or services via an internet connection using a mobile app or a website. Digital shopping in grocery stores is convenient and time-saving, allowing customers to browse, choose, and purchase goods from the convenience of their own homes, with the bonus of doorstep delivery.
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What Are The Key Trends That Influence 3D IC And 2.5D IC Packaging Market Share Analysis?
Major companies operating in the online grocery markets are adopting subscription models and membership programs, such as the B2B membership platform, to better meet the needs of their existing consumers. A B2B membership platform in online grocery serves as a digital hub connecting businesses within the supply chain, facilitating transactions and collaboration among suppliers, distributors, and retailers.
Which Market Players Are Driving Growth In The Online Grocery Market?
Major companies operating in the online grocery market report are Amazon.com Inc., The Kroger Company, Alibaba Group, Target Corporation, Koninklijke Ahold Delhaize N.V., Edeka group, Albertsons Companies, Inc., Getir, Uber Eats, Delivery Hero, Doordash, ALDI Inc., Flipkart Supermart, Just Eat, Jio Mart, Auchan SA, ASDA Groceries, Instacart, Safeway Inc., FreshDirect LLC.
How Is The Global Online Grocery Market Segmented?
1) By Product: Fresh Produce; Staple And Cooking Essentials; Ready-To-Eat Food; Snacks And Beverages; Bakery And Confectionery; Dairy Products; Breakfast And Cereal
2) By Food Platform: Mobile Application; Website
3) By Delivery Type: Instant Delivery; Schedule Delivery
4) By End User: Individual; Distributors; Other End Users
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https://www.thebusinessresearchcompany.com/report/online-grocery-global-market-report
The Online Grocery Global Market Report 2024 provides an overview of the online grocerymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online grocery market forecast analyzes online grocery market size, online grocery market share, leading competitor and their market positions.
The Table Of Content For The Online Grocery Market Include
1. Online Grocery Market Executive Summary
2. Online Grocery Market Segments
3. Online Grocery Market Size And Template Market Growth Rate
4. Key Online Grocery Market Trends
5. Major Online Grocery Market Drivers
……
25. Key Mergers And Acquisitions In The Online Grocery Market
26. Top Online Grocery Companies
27. Online Grocery Market Opportunities And Strategies
28. Online Grocery Market, Conclusions And Recommendations
29. Appendix
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