Industry Background:
The global online grocery market is expected to grow at a significant pace during the forecast period, according to the AMA study. The rise in demand for home delivery models of for grocery shopping by consumers is one of the major factors aiding into the growth for the market. In addition, the outbreak of COVID-19 pandemic is one of the major factors pushing the demand for online grocery shopping by consumers across the world.This growth is primarily driven by Increasing Demand for Home Delivery of Grocery Products Across the World in Order to Reduce the Purchasing Time
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Hypermarkets & Super Centers sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Aldi (Germany), Amazon (United States), Costco Wholesale Corporation (United States), Instacart (United States), The Kroger Co. (United States), Ocado Retail Limited (United Kingdom), Postmates Inc. (United States), Target Brands Inc. (United States), Walmart (United States) and Whole Foods Market (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2020, Walmart announced that it is incorporating the Walmart Grocery app into the main Walmart mobile app to enable the facility of directly order fresh groceries, daily staple items and products from the local Walmart store for pickup or deliver.The vendors in this market are majorly focusing on providing home delivery services to their customers due to the current situation of COVID-19 pandemic to remain competitive in their particular market.
Regulatory Insights:
Stringent Worldwide Government Regulations Regarding Lock-Down of Markets & Cities Across Different Countries of the World to Avoid the Spread of COVID-19 is Slowing Down the Growth for Pick-Up Delivery Model for Online Grocery
Influencing Trend:
Growing Smartphone & Internet Penetration
Market Growth Drivers:
Increasing Demand for Home Delivery of Grocery Products Across the World in Order to Reduce the Purchasing Time, Growing Demand for Daily Essentials and Fast Delivery Propelling the Growth of the Market and Rising Demand for Online Grocery Shopping Due to the Outbreak of COVID-19 Pandemic Which Has Led to Lockdown of Different Countries or Cities Across the World in Different Regions
Challenges:
Lack of Awareness in Rural Areas Across the World
Opportunities:
Opportunities for E-Commerce Vendors to Diversify into Grocery Products Across Different Regions and Opportunity to Diversify into Rural Regions as Well
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Online Grocery Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Online Grocery Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Online Grocery players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Grocery Study Sheds Light on
The Online Grocery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Online Grocery industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Grocery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.