Covid-19 Impact on Global Online Grocery Market Outlook: Ken Research

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According to the research report, ‘Online Grocery Market Size & Share to Record New Values for the Forecast Period 2019-2030’ states that the Godrej Nature's Basket Ltd., Grofers India Pvt. Ltd., Paytm E-Commerce Pvt. Ltd. (Paytm Mall), Reliance Retail Ltd. (Reliance Fresh), Spencer's Retail, Supermarket Grocery Supplies Pvt. Ltd. (BigBasket), UrDoorstep eRetail Pvt. Ltd., Other Prominent Players are some of the major players which are currently operating in the Online Grocery Market. The report covers the company profile of the above-mentioned players on the various parameters such as Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis and many more.

Moreover, the online grocery market is being majorly segmented on the various segments namely by Product Type (Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, and Others), by Payment Method (Online, and Cash on Delivery), by Region (North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa). Moreover, the report also covers various other qualitative and quantitative information about the overall market namely Online Grocery Market Dynamics, Online Grocery Market Size, Supply & Demand, Current Trends/Issues/Challenges, Competition & Companies Involved in the Market, Value Chain of the Market, Market Drivers and Restraints and many others.

Furthermore, it has been observed that the report highlights that in the online grocery market staples and cooking essentials segment has accounted a significant share in the year 2020. This is majorly owing to the tedious shopping of staples mainly such as flours, food grains, and essentials like oil which are being fundamentally required by majority of the households within the APAC region. Along with this, shifting lifestyles and growing income levels have further paved the way for the overall growth in the online grocery market over the years.

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On the other hand, it has been also observed that the online grocery market has been majorly dominated by the online payment mechanism in the year 2020, and in the near future as well the online payment segment is anticipated to achieve the highest growth in terms of CAGR during the review period 2021 – 2031. This surge in the demand of the overall online payment has been mostly obtained largely due to surge in the overall preference for online payments and rising internet penetration across the globe.

Lastly, it has been witnessed that the Europe has accounted the highest share in the overall online grocery market in the year 2019. The existence of prominent retail grocery chains coupled with the rising acceptance of online shopping in the countries namely the Unite Kingdom, France, Germany, Spain, and Italy have been driving the overall online grocery market growth at the regional level. In addition to this, the COVID-19 pandemic has further provided the big short-term boost to the overall online grocery industry.

In the near future, it is anticipated that the Online Grocery market will exceed USD billion by the end of the year 2030, at a double digit CAGR during the review period 2021 – 2031. This growth in the online grocery market has been majorly expected owing to the growing urbanization, shift in consumer lifestyle, and the technology friendly generation who prefers to purchase foodstuffs online.

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Covid-19 Impact on Global Online Grocery Market

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UAE Online Grocery Delivery Market Outlook to 2025- Driven by Increasing Working Population, Introduction of Express Delivery and Regional Expansion

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Global E-Grocery Market | Global Online Grocery Market: Ken Research

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Global E-Grocery Market: Purchasing fresh and packaged food through online portals is mentioned to as online grocery. Thanks to the informal availability of items through supermarkets and online channels, grocery shopping methods have progressed. Although the online grocery service is a niche market, it is projected to enlarge rapidly during the coming years. Individuals nowadays tend to shop for groceries online owing to it is convenient and provides a broad range of items that can be transported to their doorstep within a certain period of time. Bakery and dairy products, cereals, vegetables, and fruits are only a few of the things prevailing in an online grocery store. To make online grocery shopping calmer for customers, retailers in this market propose the services like click-and-collect and subscriptions.

According to the report analysis, ‘Global E-Grocery Market: By Product Type (Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials and Others); By Payment Channel (Online and Offline); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the growth is projected owing to the growing availability of high-speed internet and higher adaptability. Besides, lower data rates and an augment in digital payments are also booming up the market growth. E-commerce allows the simple buying of goods manufactured in remote areas. This, in turn, has made a foremost contribution to the important of the global E-Grocery industry.

Global E-Grocery: Key Players

• Koninklijke Ahold Delhaize N.V.
• Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• Fresh Direct, LLC.

• mySupermarket Limited
• NetGrocer.com, Inc.
• Wal-Mart Stores, Inc.
• Safeway, Inc.
• ShopFoodEx
• Schwan Food Company
• My Brands Inc.
• Other Prominent Players

Surging requirement for E-Grocery from several end-user industries is the foremost factor underwriting to the market growth. Businesses and entrepreneurs are setting up the online grocery stores as a result of frantic schedules, an increasing working population, and boring commuting. With the arrival of technology and the prevalent availability of internet services, consumers are becoming more conscious of the numerous shopping designs that occur in society. The most necessary customer groups in the industry are Millennials and Generation Z. Such are the most tech-savvy customers who are willing to pay a premium for same-day product transfer. With the government assisting a digital economy platform and digital literacy, India's online grocery market is projected to see even more growth. Customers in Tier-I cities such as Bangalore, Chennai, Mumbai, and Delhi, who are more malleable to online shopping owing to the availability of high-speed internet, higher adaptability to mobile devices, and logistical simplicity, are projected to propel the industry.

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https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/e-grocery-market/434194-95.html

In addition, the industry is also projected to benefit from lower data rates and the obtainability of more affordable smartphones. Augmented internet penetration and the augment of digital payment have also underwritten to the market's growth. The ever-increasing internet penetration around India, as well as an increment in digital literacy, is fostering the online grocery market in the region. Consumers now desire an omnichannel shopping experience, thanks to the growing availability of smartphones and low data costs. The government is progressively releasing details, and as a result, concerns about the supply chain and workforce are diminishing. As a result of aspects such as comfort, smart shopping, and hygiene issues, consumers tend to shop for groceries online.

Global E-Grocery report also contains analysis on:

• E-Grocery Segments:

• By Product Type
  • Fresh Produce
  • Breakfast & Dairy
  • Snacks & Beverages
  • Meat & Seafood
  • Staples & Cooking Essentials
  • Others
• By Payment Channel
  • Online
  • Offline
• E-Grocery Dynamics
• E-Grocery Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Related Report: -

Global E-grocery Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249