Online Grocery Market Overview:
The Online Grocery Market size was valued at USD 358.77 Bn in 2022 and is expected to reach USD 2002 Bn by 2030, and grow at a CAGR of23.98 % over the forecast period 2023-2030.
Online grocery shopping is a method of acquiring food and other household necessities using a web-based shopping service. People can purchase these things online using one of two approaches. One option is to order them from a nearby grocery store that offers online purchasing. Ordering groceries is possible via the e-commerce website as well as Smartphone applications. Online grocery options include both grocery and non-grocery food items such as vegetables, fruits, dairy products, and others. To make online grocery shopping easier for consumers, retailers in this sector provide services such as click-and-collect alternatives and subscription options. Several market experts feel that online grocery shopping is a viable business model that will continue to increase in popularity.
A grocery delivery service may be a convenient choice for anybody, especially the elderly and those with limited mobility or vehicles. Online food purchasing services are also popular among hardworking families. Online grocery shopping has a number of advantages. If a consumer has a specific list of products to purchase, he or she is less likely to deviate from it by making impulse purchases while exploring store aisles. Customers can also utilize online and manufacturer's coupons with their shopping to increase earnings when purchasing from a local grocery store online.
Zomato's board of directors is expected to approve a plan to purchase rapid commerce startup Blinkit in June 2022, almost two years after the two companies first discussed a potential merger, according to two people familiar with the negotiations. Zomato has been attempting to get into the rapid commerce market. Since the beginning of the epidemic in 2020, it has twice canceled plans to supply goods online.
MARKET DYNAMICS:
KEY DRIVERS:
Technological advancements are increasing.
Promotional activities and discounts increase.
The consumer pool is expanding.
Raise per capita disposable income.
RESTRAINTS:
Unexercised online capabilities
Recalls of products
OPPORTUNITY:
CHALLENGES:
Traditional stores' dominance
IMPACT OF COVID-19:
The COVID-19 epidemic had a significant impact on the food and beverage sector. Businesses and other sectors suffered financial losses as a result of the epidemic. The entire economy sank to lower growth rates. Due to lockdown constraints and a shortage of manual labor, industrial operations were halted. The supply chain was greatly affected. As a result of such a circumstance, the worldwide market suffered as well. However, the surge in consumer preference for online food shopping during the lockout contributed to a significant boost in online grocery market income. The total market has been able to sustain itself even in these tougher times thanks to the ongoing efforts of industry participants in bringing online grocery market trends. Because of COVID-19, individuals avoided visiting to physical businesses in favor of online grocery purchasing. All of this is accelerating the growth of the online grocery market.
MARKET ESTIMATION:
In 2021, the basics & culinary necessities sector held the greatest market share. Repetitive purchases of staples such as flours, food grains, and culinary basics such as oil, which are considered requirements, particularly in Asian families, enable the category to dominate the market. The category is likely to rise throughout the projection period as customers remain unwilling to go out and buy the groceries they need on a daily basis, preferring to avoid crowds and adhere to social distancing rules in the aftermath of the pandemic onset. Breakfast and dairy are predicted to be the fastest-growing segments, with a positive CAGR from 2022 to 2028. The segment's expansion can be linked to increased demand for different milk and non-milk products, as well as vendor-facilitated doorstep delivery of these items. A hurried lifestyle, along with increased disposable money, is also driving buyers to order these items through online platforms rather than visiting a physical store, particularly in the aftermath of the pandemic's spread.
KEY MARKET SEGMENTS:
On The Basis of Product Type
Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others
On The Basis of Delivery Type
Home Delivery
Company Owner Stores
Third-Party Stores
Click & Collect
On The Basis of End-User
Individuals
Distributors
REGIONAL ANALYSIS:
The online grocery market is examined in many regions throughout the world, including North America, Asia-Pacific, Europe, and others. During the predicted timeframe, North America and Europe will see large increases. During the assessment years, however, the Asia-Pacific region is expected to have a leading market share. This region accounted for a sharp increase in 2021, and it is expected to develop at a positive CAGR. China will be the most significant contributor to market growth. The market there will expand faster due to the big population's propensity to use online grocery services. Increasing mobile access and internet adoption will also increase market potential.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The major key players are AEON Co., Ltd., Alibaba.com, Amazon.com, Inc., Blinkit, Instacart, JD.com, Inc., Natures, Basket Limited., Rakuten, Reliance Retail (Reliance Fresh), Supermarket Grocery Supplies Pvt. Ltd. (Big Basket)
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 358.77 Billion |
| Market Size by 2030 | US$ 2002 Billion |
| CAGR | CAGR 23.98% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, Others) • by Delivery Type (Home Delivery (Company Owner Stores and Third-Party Stores) Click & Collect) • by End-User (Individuals and Distributors) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AEON Co., Ltd., Alibaba.com, Amazon.com, Inc., Blinkit, Instacart, JD.com, Inc., Natures, Basket Limited., Rakuten, Reliance Retail (Reliance Fresh), Supermarket Grocery Supplies Pvt. Ltd. (Big Basket) |
| Key Drivers | •Technological advancements are increasing. •Promotional activities and discounts increase. •The consumer pool is expanding. |
| Market Restraints | •Unexercised online capabilities •Recalls of products |
Ans: - The forecast period of the Online Grocery market is 2022-2028.
Ans: - Unexercised online capabilities and recalls of products.
Ans: - The Asia-Pacific region is expected to have a leading market share.
Ans: - The primary growth tactics of Online Grocery market participants include merger and acquisition, business expansion, and product launch.
Ans: - The study includes a comprehensive analysis of Online Grocery Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Online Grocery Market Segmentation, by Product Type
8.1 Fresh Produce
8.2 Breakfast & Dairy
8.3 Snacks & Beverages
8.4 Meat & Seafood
8.5 Staples & Cooking Essentials
8.6 Others
9. Online Grocery Market Segmentation, by Delivery Type
9.1 Home Delivery
9.1.1 Company Owner Stores
9.1.2 Third-Party Stores
9.1.3 Click & Collect
10. Online Grocery Market Segmentation, by End-User
10.1 Individuals
10.2 Distributors
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 AEON Co., Ltd.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Alibaba.com
12.3 Amazon.com, Inc.
12.4 Blinkit
12.5 Instacart
12.6 JD.com, Inc.
12.7 Natures Basket Limited.
12.8 Rakuten
12.9 Reliance Retail (Reliance Fresh)
12.10 Supermarket Grocery Supplies Pvt. Ltd. (Big Basket)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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