The latest report by IMARC Group, titled “Online Grocery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global online grocery market The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global online grocery market is expected to exhibit a CAGR of 22.1% during 2022-2027.
Online grocery involves purchasing different food products through e-commerce websites. It enables customers to place orders online and schedule doorstep deliveries from e-retailing organizations or local stores. It facilitates convenience, ease of shopping, and anytime access to a wide array of products, including fresh fruits and vegetables, dairy items, cereals, snacks, drinks, and cooking essentials. As it also provides real-time tracking of orders, it is gaining immense traction across the globe.
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Global Online Grocery Market Trends:
The hectic work schedules of individuals and rapid urbanization are offering lucrative growth opportunities to businesses and entrepreneurs operating in the industry. Furthermore, the rising consumer awareness about the advantages of online grocery shopping, such as discounted deals, cashback, express delivery options, and secured payment gateways, is stimulating the market growth. Moreover, the rising influence of social media platforms, along with the increasing number of celebrity endorsements promoting online grocery apps, is propelling the market growth.
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Key Market Segmentation:
The report has segmented the market on the basis on region, product type, business model, platform and purchase type.
Breakup by Product Type:
Vegetables and Fruits
Dairy Products
Staples and Cooking Essentials
Snacks
Meat and Seafood
Others
Breakup by Business Model:
Pure Marketplace
Hybrid Marketplace
Others
Breakup by Platform:
Web-Based
App-Based
Breakup by Purchase Type:
One-Time
Subscription
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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