Online Grocery Trends and Forecast
The future of the global online grocery market looks promising with opportunities in the instant delivery and schedule delivery markets. The global online grocery market is expected to grow with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are increasing inclination towards convenient online grocery delivery, growing preference for chatbot based ordering and delivery, and rising confidence and comfort with online transactions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Online Grocery by Segment
The study includes a forecast for the global online grocery by product type, delivery type, and region.
Online Grocery Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Fresh Produce
• Staple & Cooking Essentials
• Ready-to-Eat Food
• Snacks & Beverages
• Bakery & Confectionery
• Dairy Products
• Breakfast & Cereal
• Others
Online Grocery Market by Delivery Type [Shipment Analysis by Value from 2018 to 2030]:
• Instant Delivery
• Schedule Delivery
Online Grocery Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Online Grocery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies online grocery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the online grocery companies profiled in this report include-
• Reliance Retail
• Rakuten Group
• Target Corporation
• Albertsons Companies
• The Kroger
• Woolworths Group
• Tesco
• Walmart
• Amazon.com
• J Sainsbury
Online Grocery Market Insights
Lucintel forecasts that fresh produce will remain the largest segment over the forecast period.
Within this market, schedule delivery will remain the larger segment over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Online Grocery Market
Market Size Estimates: Online grocery market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Online grocery market size by product type, delivery type, and region in terms of value ($B).
Regional Analysis: Online grocery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, delivery types, and regions for the online grocery market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the online grocery market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for online grocery market?
Answer: The global online grocery market is expected to grow with a CAGR of 14.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the online grocery market?
Answer: The major drivers for this market are increasing inclination towards convenient online grocery delivery, growing preference for chatbot based ordering and delivery, and rising confidence and comfort with online transactions.
Q3. What are the major segments for online grocery market?
Answer: The future of the online grocery market looks promising with opportunities in the instant delivery and schedule delivery markets.
Q4. Who are the key online grocery market companies?
Answer: Some of the key online grocery companies are as follows:
• Reliance Retail
• Rakuten Group
• Target Corporation
• Albertsons Companies
• The Kroger
• Woolworths Group
• Tesco
• Walmart
• Amazon.com
• J Sainsbury
Q5. Which online grocery market segment will be the largest in future?
Answer: Lucintel forecasts that fresh produce will remain the largest segment over the forecast period.
Q6. In online grocery market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the online grocery market by product type (fresh produce, staple & cooking essentials, ready-to-eat food, snacks & beverages, bakery & confectionery, dairy products, breakfast & cereal, and others), delivery type (instant delivery and schedule delivery), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Online Grocery Market, Online Grocery Market Size, Online Grocery Market Growth, Online Grocery Market Analysis, Online Grocery Market Report, Online Grocery Market Share, Online Grocery Market Trends, Online Grocery Market Forecast, Online Grocery Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.