What is online grocery?
Online grocery refers to the process of purchasing groceries and household items through online platforms and having them delivered to one’s doorstep. It involves using e-commerce websites or mobile applications provided by grocery retailers or dedicated online grocery delivery services. Customers can browse through a wide range of products, select items, and add them to a virtual shopping cart. Online grocery shopping offers convenience and time-saving benefits, allowing customers to shop from the comfort of their homes or on-the-go. It eliminates the need for physical visits to grocery stores and provides options for scheduled delivery or pickup, ensuring a seamless and flexible shopping experience.
Report Highlights
How big is the online grocery market?
|
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 420 Billion |
|
Market Forecast in 2028 |
US$ 2,160.3 Billion |
|
Growth rate (2023 to 2028) |
CAGR of 30.8% |
|
Base Year of the Analysis |
2022 |
|
Forecast Period |
2023-2028 |
What are the growth prospects and trends in the online grocery industry?
The online grocery industry is experiencing significant growth and evolving trends. Firstly, the convenience and time-saving benefits of online grocery shopping are driving its expansion. Busy lifestyles, urbanization, and the increasing preference for contactless shopping have fueled the demand for online grocery services. Secondly, advancements in technology, such as mobile applications, smart devices, and improved logistics infrastructure, have enhanced the online grocery shopping experience. Integration of AI and machine learning algorithms has also improved personalization and efficiency. Thirdly, the COVID-19 pandemic has accelerated the adoption of online grocery shopping as consumers prioritize safety and social distancing. This shift in consumer behavior is expected to have a lasting impact on the industry’s growth.
Moreover, partnerships between grocery retailers and online platforms, as well as the entry of e-commerce giants into the grocery space, have intensified competition and innovation in the industry. Lastly, the expansion of same-day and on-demand delivery services, along with the increasing availability of organic and specialty products, are key trends driving the online grocery market.Overall, the online grocery industry has promising growth prospects, driven by changing consumer preferences, technological advancements, expanding delivery capabilities, and the continued focus on convenience and safety.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
Business Model Insights:
- Pure Marketplace
- Hybrid Marketplace
- Others
Platform Insights:
- Web-Based
- App-Based
Purchase Type Insights:
- One-Time
- Subscription
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Amazon.com Services LLC
- Costco Wholesale Corporation
- EDEKA ZENTRALE Stiftung & Co. KG
- Fresh Direct, LLC
- HappyFresh Group
- Koninklijke Ahold Delhaize N.V.
- Reliance Industries Limited (RIL)
- Albertsons Companies, Inc.
- Cygnus Home Service, LLC
- Shopfoodex Co Inc.
- Tesco PLC
- The Kroger Co.
- Walmart Inc.
- Wm Morrison Supermarkets Limited
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