Global Online Grocery Market Growth Rate By End-User Application and Aggressive Landscape Analysis 2020-2026

The global expansion of the online grocery market is due to the convenience and benefits that it offers to the customers. Advantages such as lucrative discount offers, provision of same-day home delivery, a wide array of products, instant customer support service, are some key factors that attract a customer base to purchase everyday goods from these online grocery platforms.

As per a survey by LocalCircles, it is estimated that nearly 52% of shoppers of online grocery found the e-commerce grocery software application useful during the COVID-19 lockdown.

Additionally, about 32% of online shoppers of groceries placed one or more orders on a weekly basis.

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The shutdown of physical retail stores due to the outbreak of the COVID-19 has resulted in a large number of consumers purchasing online groceries through digital platforms. The coronavirus crisis has led to high conversion rates of new online shoppers and has influenced the existing customers to buy in volume. Reportedly, nearly 22% of Canadian consumers had opted for online grocery shopping during March and May 2020, as compared to 4% before the COVID-19 crisis.

 

The pandemic has influenced customers to maintain this buying pattern, which will have a significant long-term impact on industry growth. According to a Global Market Insights, Inc, industry analysis, global online grocery market size will surpass US$1 trillion by 2026.

 

The Asia Pacific online grocery industry forecast will be augmented by the existence of a large number of companies majorly in India, Japan, and China. The prominent firms are extensively expanding their foothold mainly in tier 1 and tier 2 cities across several countries in the region.

 

Notably, Amazon India extended its newly launched Amazon Fresh grocery offerings in India across Pune, Chennai, Kolkata, and Ahmedabad cities in November 2020. The market is projected to experience considerable growth in the upcoming years on account of the presence of numerous firms emphasizing on expanding their online grocery business across the Asia Pacific region.

 

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Consumers highly prefer online grocery store to buy a wide range of fresh dairy and breakfast products. Companies such as Grofers, Paytm Mall, FreshDirect, Amazon, Grocio, Violife, among others dominate the delivery of online dairy.

 

The prominent firms are offering lucrative discounts and rapid online grocery delivery options to draw customer’s attention and elevate market share. For example, a subsidiary of Mondelēz International, Enjoy Life Foods, offers its new customers a 15% discount on their first purchase of dairy products, along with free online grocery delivery on orders worth more than US$49.

 

The global online grocery industry especially in developed countries is highly competitive, due to the presence of a growing number of online grocery retailers serving a considerably limited population. Leasing companies functioning in the global market are Walmart Stores, Inc., Safeway, Inc., AmazonFresh, LLC, My Brands, Inc., NetGrocer.com, Inc., Fresh Direct, LLC, ShopFoodEx, Schwan Food Company, mySupermarket Limited, and Koninklijke Ahold Delhaize N.V.

 

Browse key industry insights spread across 300 pages with 268 market data tables and 30 figures & charts from the report, Online Grocery Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/online-grocery-market

Report Content

Chapter 3   Online Grocery Industry Insights

3.1    Industry segmentation

3.2    Impact analysis of coronavirus (COVID-19) pandemic

3.2.1    Global outlook

3.2.2    Regional outlook

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.4    Competitive landscape

3.3    Industry ecosystem analysis

3.3.1    Software providers

3.3.2    System integartors

3.3.3    Technology providers

3.3.4    Cloud service providers

3.3.5    Liscence providers

3.3.6    Third party payment issuers/providers

3.3.7    Advertising & marketing

3.3.8    Distributors

3.3.9    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    Biometric

3.4.2    Blockchain

3.4.3    Robotics

3.4.4    AI & machine learning

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Attractive marketing strategy and promotional activities by key players

3.6.1.2    Emerging technology such as voice assistance and delivery robots in North America

3.6.1.3    Adoption of robust business model by market leaders to target small towns in Europe

3.6.1.4    Rising demand for fiction free shopping in Asia Pacific

3.6.1.5    Growing investments to develop e-commerce industry in Latin America and MEA

3.6.2    Industry pitfalls & challenges

3.6.2.1    Management of perishable groceries

3.6.2.2    High operating costs

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Supplier power

3.8.2    Buyer power

3.8.3    Threat of new entrants

3.8.4    Threat of substitutes

3.8.5    Internal rivalry

3.9    PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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