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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