We are residing in connected commerce era where consumers aren’t entirely into the online or in-store shopping category; rather they’re taking blended approach i.e. choosing in step with their needs. Adoption of intersecting points of physical and virtual world and leveraging technology to satisfy customers is success mantra in retailers and makers. Online grocery shopping trend is driven in numerous parts on the idea of maturation of the digital native: Millennial and Generation Z.
Online Grocery Market is expected to project a notable CAGR in 2031
Online Grocery market to surpass USD XX.XX billion by 2030 from USD XX.XX billion in 2021 at a CAGR of XX.X% in the coming years, i.e., 2021-31. Online Grocery market has grown enormously in importance in recent months due to the changing lifestyle of consumers, increasing urbanization, and the tech-savvy generation who prefer to buy products online. Use convenient and customizable online platforms to shop for groceries instead of going to local vendors.
Online Grocery Market: Segments
Staples and Cooking Essentials segment to grow with the highest CAGR during 2021-31
Online Grocery market is segmented by Product Type into Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, and Others. The Staples and Cooking Essentials segment held a notable share in 2020 attributed to the repetitive shopping of staples that include food grains, flours, and essentials like oil that are fundamental requirements of the many households within the Asia Pacific. Furthermore, changing lifestyles and rising income are paving the way for growth over the following seven years.
Online segment to grow with the highest CAGR during 2021-31
Online Grocery market is segmented by Payment Method into Online and Offline. The Online segment dominated the Online Grocery market in 2020 and is expected to grow with the highest CAGR in the forecast period. The growth in this segment is due to the growing preference for online payments.
Online Grocery Market: Key Players
Amazon India Pvt. Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Godrej Nature’s Basket Ltd.
Grofers India Pvt. Ltd.
Paytm E-Commerce Pvt. Ltd. (Paytm Mall)
Reliance Retail Ltd. (Reliance Fresh)
Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
UrDoorstep eRetail Pvt. Ltd.
Other Prominent Players
Online Grocery Market: Regions
Online Grocery Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Europe Online Grocery Market accounted for the biggest amount of share in 2019. The presence of leading retail grocery chains and therefore the growing popularity of online shopping in countries like the Unite Kingdom, Germany, Spain, France, and Italy are driving the regional market growth. The COVID-19 pandemic is providing a big short-term boost to the industry. In keeping with Waitrose & Partners, a brand of supermarkets, out of 2,000 consumers within the UK, 60% have shopped online for groceries since the pandemic with 40% citing convenience as the primary reason.
By Product Type
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
By Payment Method
Cash on Delivery
Online Grocery Market Dynamics
Online Grocery Market Size
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