Industry Background:
Online shopping is defined as purchasing items from an internet retailer. The consumer can buy products online just by selecting the items from anywhere and it saves time and energy in spite of the larger distance arising from the endless and unlimited market offered by the internet. Digital grocery in the U.S. has long trailed developments in Europe and Asia, but consumer demand and grocer sophistication are finally advancing. Online shopping is pervasive - 49% of U.S. consumers shop for consumer packaged goods products online.
This growth is primarily driven by Growing Adoption of Mobile Phones and Rise in Demand For Digital Grocery Owing to Various Advantages Associated With It As Availability of Online Shop 24/7 and Saves Time & Effort.
Globally, a noticeable market trend is evident E-Commerce, Digital Technology And Changing Shopping Preferences Around The World. Major Players, such as Walmart (United States), Amazon (United States), Kroger (United States), FreshDirect (United States), Alibaba (China), BigBasket (India), Target Corporation (United States), Tesco PLC (United Kingdom), Carrefour (France) and ALDI (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
More than 63% of shoppers interact with a supermarket digitally, up from 56% in 2017, according to a new study from Retail Feedback Group that polled 1,200 shoppers
Market Drivers
- Growing Adoption of Mobile Phones
- Rise in Demand For Digital Grocery Owing to Various Advantages Associated With It As Availability of Online Shop 24/7 and Saves Time & Effort
Market Trend
- E-Commerce, Digital Technology And Changing Shopping Preferences Around The World
Restraints
- Spoilage Is A Concern For Some Categories, Particularly Perishable Products
- Risk of Fraud
Opportunities
Potential Growth of Digital Grocery in Emerging Countries and Rise in Digital Coupons and Target Grocery Centric Offers
Challenges
Availability of Substitute and Shipping Problem
AMA Research follow 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 mostly 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 showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Digital Grocery Study Sheds Light on
The Digital Grocery Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Digital Grocery industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Grocery industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.