Online Grocery Shopping Market: Exploring Opportunities, Revenue, and Forecast 2023-2029

The Online Grocery Shopping Market size was valued at USD 348.15 billion in 2022 and the total Online Grocery Shopping Market revenue is expected to grow at a CAGR of 25.23 % from 2023 to 2029, reaching nearly USD 1681.61 billion.

Online Grocery Shopping Market Overview:

The Online Grocery Shopping Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Online Grocery Shopping Market, as well as the causes for variances in the industry’s growth in various places.

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Online Grocery Shopping Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Online Grocery Shopping Market Drivers:

The Online Grocery Shopping Market is experiencing significant growth driven by a confluence of factors. Consumer behavior has shifted towards more convenient and safe shopping experiences, especially in the wake of the COVID-19 pandemic. The ability to purchase groceries from the comfort of one’s home and have them delivered at a preferred time has become increasingly attractive. This convenience is further amplified by the competitive landscape, with both traditional offline retailers and new entrants vying for a share of the online market space.

The proliferation of the Internet and affordable data plans has expanded Internet accessibility, enabling a broader customer base to engage in online shopping. The elimination of costs associated with physical stores, such as rent and maintenance, makes online grocery businesses more economical to establish. Geographical barriers are also surmounted, as online stores can reach a wider area with an efficient supply chain. The availability of round-the-clock operations caters to diverse consumer lifestyles. Trust in online platforms, improved hygiene practices, and contactless delivery options have allayed concerns regarding food safety. Consumer confidence in purchasing perishable items online has surged.

Online Grocery Shopping Market Segmentation:

by Product Type

Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others

by Payment Method

Online
Offline (Cash on Delivery)

by End User

Individual
Distributors
Others

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Online Grocery Shopping Market Key Players: The key players are

1. AEON Co., Ltd.
2. Aldi
3. Alibaba Group
4. Amazon India Pvt. Ltd.
5. Avenue Supermarts Ltd.
6. Best Buy Co. Inc.
7. Blinkit (formerly Grofers)
8. Carrefore S.A.
9. Costco Wholesale Corporation
10. Edeka Group
11. Fresh Direct LLC
12. Godrej Nature’s Basket Ltd.
13. Honestbee
14. Instacart
15. JD.com, Inc.
16. Natures Basket Limited.
17. Paytm E-Commerce Pvt. Ltd. (Paytm Mall)
18. Peapod LLC
19. Publix Super Markets Inc.
20. Rakuten
21. Reliance Retail Ltd. (Reliance Fresh)
22. Safeway Inc.
23. Spencer’s Retail
24. Supermarket Grocery Supplies Pvt. Ltd. (Big Basket)
25. Target Corporation
26. Tesco PLC
27. The Kroger Co.
28. UrDoorstep eRetail Pvt. Ltd.
29. Walmart

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Online Grocery Shopping Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Online Grocery Shopping Market Report are:

Which sub-segment had the largest share in the Online Grocery Shopping Market?

How is the competitive landscape of the Online Grocery Shopping Market in 2023?

Which are the key drivers impacting the Online Grocery Shopping Market growth?

Which region holds the maximum share in the Online Grocery Shopping Market?

What will be the CAGR of the Online Grocery Shopping Market during the forecast period (2023-2029)?

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