Online Grocery Shopping Changing The Traditional Grocery Distribution Ecosystem
Global online grocery market is projected to expand at a compound annual growth rate (CAGR) of 3.3% over the forecast period i.e. 2016-2024.The online grocery market is majorly driven by online offerings from all major bricks-and-mortar players as well as a maturing offering from online-only players.
Market Landscape
With consumer demand for online grocery shopping progressively growing, online-only players have been treading up to meet it – aggregating the incentive for bricks-and-mortar grocers to come into the online business as well. In major markets of Europe such as the UK and France, where online business models have taken off, late bricks-and-mortar players are finding it challenging to get traction and are being required to try innovative things to jumpstart their efforts – such as Morrisons’ partnership with Ocado. Even though the overwhelming majority of grocery shopping presently takes place in physical stores, this array will transform in the upcoming years, as grocery e-commerce is poised to boom over the forecast period.
“Global Online Grocery Market" outlook 2016-2024 covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in Online Grocery industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions with industry professionals, Online Grocery manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall Online Grocery industry.
Global Online Grocery Market Segmentation can be classified on the basis of:-
By Company Type
- Pure Marketplace (Grofers, Big Basket)
- Hybrid Marketplace (Amazon)
- Brand (Godrej)
- Retail Chain (Wal-Mart)
By E-Commerce Option
- Online Order for Home Delivery
- Virtual Supermarket
- Online Order and Pick-up At the Store
By Category
- Personal Care Products
- Household Products
- Food & Beverage Products
By Geography
- North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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Market Trends, Drivers, and Challenges
Digital enablement selections such as discount vouchers, wide ranges of products, suitable payment gateways, door-step delivery, access to detailed product figures, retailer loyalty program apps, products with a sturdy consumption rate and long shelf life are well suitable to online purchasing. Online automatic subscription and seasonal gifting are strengthening the global online grocery market. Nowadays, tech-savvy consumers can simply detect whether an application or device adds value to their lives. Those that make their lives better and comfortable will be kept, while those that do not will be discarded consequently adding value through a digital intermediate. Characteristics like price, product quality, convenience, promotions, app management and efficient customer care services are store switching drivers. A time-saving option has the solid appeal in the industry across the globe.
Online grocery industry analysis report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Online Grocery market report also recognizes value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players.
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