According to the report, Increasing Use of Online Grocery Services Among Working-Class People
is one of the primary growth factors for the market. The Growing E-commerce market
is also expected to contribute significantly to the Online Grocery Services market. Overall, Personal Shoppers
applications of Online Grocery Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Online Grocery Services Market identified that the demand is rising in many different parts of the world due to "Technological Advancement in Online Grocery Services
". Furthermore, some recent industry insights like "On 23rd March 2020, Instacart announced plans to bring on an additional 300,000 full-service shoppers over the next 3 months to meet the growing customer demand for grocery delivery and pickup in North America. Instacart has become an essential service for millions of customers who are relying on the platform to get access to the groceries and household goods they need in a safe, reliable, and affordable way. In the last few weeks, the company has seen order volume grow by more than 150% year-over-year, with average customer basket size also increasing by 15%. By more than doubling the size of its full-service shopper community, Instacart will be better positioned to meet this increase in customer demand across North America." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Product Quality Awareness Due to Lack of Physical Presence"
The Grocery, such as Packaged Foods, is boosting the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Order Placement, such as Mobile Application, is boosting the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Payment Method, such as Online Wallets, is boosting the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Online Grocery Services market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Online Grocery Services market and other related sub-markets covered in the study.
o Key & emerging players in the Online Grocery Services market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Online Grocery Services market size is calculated using market estimation process, the Online Grocery Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Online Grocery Services market size has been validated using both top-down and bottom-up approaches.