About Online Grocery Services
The global online grocery services market is expected to witness the steady growth throughout the forecasted period due to the prevailing COVID 19 pandemic, increasing the use of smartphones for the on-demand service and also growing e-commerce market. The online grocery services offer the online ordering of grocery for home delivery via mobile applications, web, and on-call facilities. The grocery services include the delivery of packaged and fresh foods to home.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon Fresh (United States), Walmart Inc. (United States), FreshDirect (United States), Tesco plc, (United Kingdom), Kroger Company (United States), Peapod LLC (United States), Thrive Market (United States), Longo Brothers Fruit Market Inc. (Canada), Instacart (United States), Schwan's Company (United States), Good Eggs, Inc. (United States), Farmigo (United States) and Super Maids (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Grocery Services market by Type (Mass Grocery Retailers, Delivery Companies and Hybrid Model), Application (Personal Shoppers and Business Customers) and Region.
On the basis of geography, the market of Online Grocery 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). If we see Market by Grocery, the sub-segment i.e. Packaged Foods will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Order Placement, the sub-segment i.e. Mobile Application will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online Wallets will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Online Grocery Services Among Working-Class People, The Surging Use of Mobile Application Based Online Grocery Services and Advanced Online Payments Features for Online Grocery Services
Market Growth Drivers:
The Growing E-commerce market, Growing Smartphone Usage Worldwide for On-demand Services and Prevailing Pandemic Situation Leading to Online Service Usage
Challenges:
Lack of Product Quality Awareness Due to Lack of Physical Presence
Restraints:
Health-Related Problems to Employees involved in Online Grocery Services Due to Current Pandemic Environment
Opportunities:
Technological Advancement in Online Grocery Services and Increasing Spendings in Online Grocery Services
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.
Key Target Audience
Online Grocery Services Providers, Grocery Stores, Potential Investors, Research and Development, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.