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Product Overview
Purchasing fresh and packaged food through online portals is referred to as online grocery. Thanks to the easy availability of items through supermarkets and online channels, grocery shopping approaches have evolved. Although the online grocery service is a niche market, it is expected to expand rapidly in the coming years. People nowadays tend to shop for groceries online because it is easy and provides a wide range of items that can be shipped to their doorstep within a certain period of time. Bakery and dairy products, cereals, vegetables, and fruits are only a few of the things available in an online grocery store. To make online grocery shopping easier for customers, retailers in this market offer services like click-and-collect and subscriptions.
Market Highlights
Global E-Grocery is expected to project a notable CAGR of 24.9% in 2030.
Global E-Grocery to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 24.9 % in the coming years, i.e., 2021-30. This growth is anticipated owing to the increasing availability of high-speed internet and greater adaptability. Besides, lower data rates and a rise in digital payments are also boosting the market growth. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global E-Grocery industry.
Global E-Grocery: Segments
Staples & cooking essentials segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by product type into Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, and Others. Staples & cooking essentials segment held the largest market share of XX.X% in the year 2020. The constant shopping of staples such as flours, food grains, and cooking necessities such as refined oil, which are basic requirements for many, is responsible for this substantial share. Lentils (dal), pulses, and rice are staple foods in Indian households. Consumers have been stocking up on these necessities as a result of the pandemic, worrying that they may face lockdown regulations at any moment.
Online segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by payment channel into online and offline. Over the forecast period, the online payment channel is projected to expand at the fastest pace. The increasing preference for online payments is credited with the segment's rise. Cash and bank transfer payments were less common among Indian online customers. People are now avoiding physical contact to a greater degree as a result of COVID-19. Consumers are increasingly using online payment methods such as net banking, debit/credit cards, and the Centralized Payment Interface to prevent the spread of disease (UPI).
Market Dynamics
Drivers
Availability of high speed internet and greater adaptability
Surging demand for E-Grocery from numerous end-user industries is the key factor contributing to the market growth. Businesses and entrepreneurs are setting up online grocery stores as a result of frantic schedules, a growing working population, and boring commuting. With the advent of technology and the widespread availability of internet services, consumers are becoming more aware of the numerous shopping patterns that occur in society. The most desirable customer groups in the industry are Millennials and Generation Z. These are the most tech-savvy consumers who are willing to pay a premium for same-day product delivery. With the government supporting a digital economy platform and digital literacy, India's online grocery market is expected to see even more growth. Consumers in Tier-I cities such as Bangalore, Chennai, Mumbai, and Delhi, who are more adaptable to online shopping due to the availability of high-speed internet, greater adaptability to mobile devices, and logistical simplicity, are expected to drive the industry
Lower data rates and rise in digital payments
The industry is also expected to benefit from lower data rates and the availability of more affordable smartphones. Increased internet penetration and the rise of digital payment have also contributed to the market's growth. The ever-increasing internet penetration in India, as well as an increase in digital literacy, is propelling the online grocery market in the region. Consumers now prefer an omnichannel shopping experience, thanks to the increasing availability of smartphones and low data costs. The government is increasingly releasing details, and as a result, concerns about the supply chain and workforce are decreasing. As a result of factors such as comfort, smart shopping, and hygiene issues, customers tend to shop for groceries online.
Restraint
Trust issues regarding the freshness of food
Concerns about the freshness of fruits and vegetables, as well as high delivery fees, pose a challenge to market development of the E-Grocery.
Global E-Grocery: Key Players
Koninklijke Ahold Delhaize N.V.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Fresh Direct, LLC.
mySupermarket Limited
NetGrocer.com, Inc.
Wal-Mart Stores, Inc.
Safeway, Inc.
ShopFoodEx
Schwan Food Company
My Brands Inc.
Other Prominent Players
Global E-Grocery: Regions
Global E-Grocery is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global E-Grocery in Asia Pacific held the largest market share of XX.X% in the year 2020 in terms of revenue. This increase can be attributed to government initiatives in India and China to encourage digitalization and e-commerce in their respective countries. Furthermore, the region's business growth would be aided by the region's increasing middle-class population, improved internet connectivity, and improved logistic network. To gain a competitive edge, businesses distinguish their products in terms of offerings, size, content, packaging, and design. Companies are now using digital and social media ads to warn customers of new product releases. The product demand is being driven by a rise in understanding of best suits as use, changes in working millennial' lifestyles, increased income to invest in best available goods and an obsession with maintaining a well-groomed structure. Consumers are likely to spend money on new goods in the near future.
Global E-Grocery is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global E-Grocery report also contains analysis on:
E-Grocery Segments:
By Product Type
Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others
By Payment Channel
Online
Offline
E-Grocery Dynamics
E-Grocery Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Purchasing fresh and packaged food through online portals is referred to as online grocery. Thanks to the easy availability of items through supermarkets and online channels, grocery shopping approaches have evolved. Although the online grocery service is a niche market, it is expected to expand rapidly in the coming years. People nowadays tend to shop for groceries online because it is easy and provides a wide range of items that can be shipped to their doorstep within a certain period of time. Bakery and dairy products, cereals, vegetables, and fruits are only a few of the things available in an online grocery store. To make online grocery shopping easier for customers, retailers in this market offer services like click-and-collect and subscriptions.
Market Highlights
Global E-Grocery is expected to project a notable CAGR of 24.9% in 2030.
Global E-Grocery to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 24.9 % in the coming years, i.e., 2021-30. This growth is anticipated owing to the increasing availability of high-speed internet and greater adaptability. Besides, lower data rates and a rise in digital payments are also boosting the market growth. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global E-Grocery industry.
Global E-Grocery: Segments
Staples & cooking essentials segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by product type into Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, and Others. Staples & cooking essentials segment held the largest market share of XX.X% in the year 2020. The constant shopping of staples such as flours, food grains, and cooking necessities such as refined oil, which are basic requirements for many, is responsible for this substantial share. Lentils (dal), pulses, and rice are staple foods in Indian households. Consumers have been stocking up on these necessities as a result of the pandemic, worrying that they may face lockdown regulations at any moment.
Online segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by payment channel into online and offline. Over the forecast period, the online payment channel is projected to expand at the fastest pace. The increasing preference for online payments is credited with the segment's rise. Cash and bank transfer payments were less common among Indian online customers. People are now avoiding physical contact to a greater degree as a result of COVID-19. Consumers are increasingly using online payment methods such as net banking, debit/credit cards, and the Centralized Payment Interface to prevent the spread of disease (UPI).
Market Dynamics
Drivers
Availability of high speed internet and greater adaptability
Surging demand for E-Grocery from numerous end-user industries is the key factor contributing to the market growth. Businesses and entrepreneurs are setting up online grocery stores as a result of frantic schedules, a growing working population, and boring commuting. With the advent of technology and the widespread availability of internet services, consumers are becoming more aware of the numerous shopping patterns that occur in society. The most desirable customer groups in the industry are Millennials and Generation Z. These are the most tech-savvy consumers who are willing to pay a premium for same-day product delivery. With the government supporting a digital economy platform and digital literacy, India's online grocery market is expected to see even more growth. Consumers in Tier-I cities such as Bangalore, Chennai, Mumbai, and Delhi, who are more adaptable to online shopping due to the availability of high-speed internet, greater adaptability to mobile devices, and logistical simplicity, are expected to drive the industry
Lower data rates and rise in digital payments
The industry is also expected to benefit from lower data rates and the availability of more affordable smartphones. Increased internet penetration and the rise of digital payment have also contributed to the market's growth. The ever-increasing internet penetration in India, as well as an increase in digital literacy, is propelling the online grocery market in the region. Consumers now prefer an omnichannel shopping experience, thanks to the increasing availability of smartphones and low data costs. The government is increasingly releasing details, and as a result, concerns about the supply chain and workforce are decreasing. As a result of factors such as comfort, smart shopping, and hygiene issues, customers tend to shop for groceries online.
Restraint
Trust issues regarding the freshness of food
Concerns about the freshness of fruits and vegetables, as well as high delivery fees, pose a challenge to market development of the E-Grocery.
Global E-Grocery: Key Players
Koninklijke Ahold Delhaize N.V.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Fresh Direct, LLC.
mySupermarket Limited
NetGrocer.com, Inc.
Wal-Mart Stores, Inc.
Safeway, Inc.
ShopFoodEx
Schwan Food Company
My Brands Inc.
Other Prominent Players
Global E-Grocery: Regions
Global E-Grocery is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global E-Grocery in Asia Pacific held the largest market share of XX.X% in the year 2020 in terms of revenue. This increase can be attributed to government initiatives in India and China to encourage digitalization and e-commerce in their respective countries. Furthermore, the region's business growth would be aided by the region's increasing middle-class population, improved internet connectivity, and improved logistic network. To gain a competitive edge, businesses distinguish their products in terms of offerings, size, content, packaging, and design. Companies are now using digital and social media ads to warn customers of new product releases. The product demand is being driven by a rise in understanding of best suits as use, changes in working millennial' lifestyles, increased income to invest in best available goods and an obsession with maintaining a well-groomed structure. Consumers are likely to spend money on new goods in the near future.
Global E-Grocery is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global E-Grocery report also contains analysis on:
E-Grocery Segments:
By Product Type
Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others
By Payment Channel
Online
Offline
E-Grocery Dynamics
E-Grocery Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
