What is Online Grocery Delivery Services Market?
Online grocery shopping is a method of purchasing food and other household necessities through the use of a web-based shopping service. A grocery delivery service can be a convenient option for anyone, including the elderly and others who have limited mobility or do not have access to transportation. Deliveries typically include a service charge and, on occasion, a fuel charge. Orders from a large online retailer are typically packed in a warehouse rather than a grocery store and then shipped to the recipient via a commercial shipping service. Some companies offer nationwide delivery, while others have limited service areas.
The market study is being classified by Type (Packed Foods, Baked Products, Ready to Eat Foods, Dairy Products, Staples & Cooking Essentials, Fruits & Vegetables, Meat & Seafood and Others), by Application (Individuals, Corporate and Others) and major geographies with country level break-up.
Walmart Plus (United States), Amazon Fresh (United States), Peapod (United States), Shipt (United States), Ocado Group (United Kingdom), FreshDirect (United States), HelloFresh Market (Germany), Hungryroot, Inc. (United States), Blinkit (India), Waitrose Limited and Instacart (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Flipkart Grocery (India) and Thrive Market (United States).
The demand for Online Grocery Delivery Services is increasing. The industry is segmented, but it is predicted to grow as rise in international tours and increase in disposable income, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Online Grocery Delivery Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Online Grocery Delivery Services market by Type, Application and Region.
On the basis of geography, the market of Online Grocery Delivery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Safety Concerns Encircling Coronavirus
- Rise in Prevalence of Digital Payments
Market Trend
- Emergence of Omnichannel Model
- Increasing Popularity of Private Label Products
Restraints
Opportunities
- Rising Opportunities in Rural Areas
- Increased Government Promotion of the Digital Economy Framework and Digital Literacy
Challenges
- Operating Losses can Become a Major Concern
- Inefficient Inventory Management System
Market Leaders and some development strategies
In November 2020 HelloFresh had announced the acquisition of Factor75, Inc. This acquisition combines HelloFresh's global market expertise in delivering fresh ingredients to customers' doorsteps across 14 countries with Factor's proven success in ready-to-eat meals. Both companies share a strong vision for operational excellence and a data-driven approach to delighting customers with great meals consumed at home.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries