Online Grocery Market - Global Industry Analysis

The global Online Grocery market, which accrued revenue worth nearly 185.4 (USD Billion) in 2019 and is slated to garner earnings worth 807.8 (USD Billion) by 2026, is set to grow at a CAGR of 23.4% during the period from 2020 to 2026. The report offers valuation and analysis of the Online Grocery market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on value (USD Billion).

Introduction

With onset of COVID pandemic, the grocery landscape is likely to experience a huge transformation in the coming decade. Reportedly, consumer behaviour is changing drastically and nearly 42% of the U.S. grocery shoppers have done online shopping for the first time in pandemic. The online grocery market is likely to gain traction with customers shifting to dining at homes and trying new channels of buying along with new food products. Thriving grocery e-Commerce and mobile commerce sectors has further added to the popularity of online grocery business in both the developing countries as well as developed economies. For the record, post coronavirus outbreak, the sales of meal kits went up by nearly 40% to 60% in developed countries. This, in turn, will steer the online grocery market demand in the next decade.

Furthermore, grocery retail stores are focusing on at-home dining activities due to recent at-home eating trend of consumers in countries of Europe and the U.S. due to COVID pandemic. Moreover, early adopters or early movers in the grocery retailing business will gain profits and expand their business through sales of grocery online.

Market Dynamics

Due to the inception of click and collect model, the online grocery market is expected to witness a huge upswing in growth within a span of next few years. With firms       providing discounted offers, replacements, and high quality along with a slew of products to the customers, the online grocery market is projected to reach scalable heights over the assessment timeframe. Today, players are focusing on profit optimization through determining of the dominant strategies by using payoff matrix. This is likely to drive the growth of online grocery market over the forecast timeframe.

Furthermore, strict laws forcing consumers to follow social distancing norms in COVID affected countries like the UK, the U.S., Italy, France, Spain, Brazil, India, and China will have a favorable impact on the market growth over the forthcoming years. Need for reshaping channels to improve grocery e-commerce activities, repositioning of business for reinforcing online business capabilities, and reimagining offerings to make alterations in value proposition for fulfilling changing food requirements of consumers is projected to help online grocery market to reach highest peak of growth in the foreseeable future.

Asia Pacific Market To Register Exponential Growth Over 2020-2026

The growth of the online grocery industry over the assessment timeframe can be credited to the surging per capita income of the consumers in the sub-continent. Moreover, the strict actions taken by the governments to promote digitalization in the countries have fueled online grocery industry expansion. The rise in the number of e-commerce websites and retail stores will prompt the regional online grocery market growth during the assessment period.

Key participants profiled in the report include Amazon.com, Inc., Grofers India Pvt. Ltd., Bigbasket, Alibaba.com, AEON Co., Ltd., Instacart, JD.com, Inc., Walmart, Target Brands, Inc., Tesco.com, and Rakuten.

The global Online Grocery market is segmented as follows:

By Product:

• Breakfast & Dairy
• Fresh Produce
• Meat & Seafood
• Staples & Cooking Essentials
• Snacks & Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1. Preface
  • 1.1. Report Description and Scope
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology
• Chapter 2. Executive Summary
  • 2.1. Online Grocery Market, 2016–2026 (USD Billion)
  • 2.2. Online Grocery Market: Snapshot
• Chapter 3. Global Online Grocery Market– Industry Analysis
  • 3.1. Online Grocery Market: Market Dynamics
  • 3.2. Market Drivers
    • 3.2.1. Strict laws forcing consumers to fullow social distancing norms in COVID affected countries like the UK, the U.S., Italy, France, Spain, Brazil, India, and China will have a favorable impact on the market growth over the forthcoming years.
    • 3.2.2. Due to the inception of click and cullect model, the online grocery market is expected to witness a huge upswing in growth within a span of next few years.
  • 3.3. Porter’s Five Forces Analysis
  • 3.4. Market Attractiveness Analysis
    • 3.4.1. Market attractiveness analysis By Product
• Chapter 4. Global Online Grocery Market– Competitive Landscape
  • 4.1. Company market share analysis
    • 4.1.1. Global Online Grocery Market: company market share, 2018
  • 4.2. Strategic development
    • 4.2.1. Acquisitions & mergers
    • 4.2.2. New Product launches
    • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
    • 4.2.4. Research and development and Regional expansion
  • 4.3. Price trend analysis
• Chapter 5. Global Online Grocery Market– Product Analysis
  • 5.1. Global Online Grocery Market overview: By Product
    • 5.1.1. Global Online Grocery Market share, By Product , 2019 and 2026
  • 5.2. Breakfast & Dairy
    • 5.2.1. Global Online Grocery Market By Breakfast & Dairy , 2016–2026 (USD Billion)
  • 5.3. Fresh Produce
    • 5.3.1. Global Online Grocery Market By Fresh Produce, 2016–2026 (USD Billion)
  • 5.4. Meat & Seafood
    • 5.4.1. Global Online Grocery Market By Meat & Seafood, 2016–2026 (USD Billion)
  • 5.5. Staples & Cooking Essentials
    • 5.5.1. Global Online Grocery Market By Staples & Cooking Essentials, 2016–2026 (USD Billion)
  • 5.6. Snacks & Beverages
    • 5.6.1. Global Online Grocery Market By Snacks & Beverages, 2016–2026 (USD Billion)
  • 5.7. Others
    • 5.7.1. Global Online Grocery Market By Others, 2016–2026 (USD Billion)
• Chapter 6. Company Profiles
  • 6.1. Amazon.com, Inc.
    • 6.1.1. Overview
    • 6.1.2. Financials
    • 6.1.3. Service Portfolio
    • 6.1.4. Business Strategy
    • 6.1.5. Recent Developments
  • 6.2. Grofers India Pvt. Ltd.
    • 6.2.1. Overview
    • 6.2.2. Financials
    • 6.2.3. Service Portfolio
    • 6.2.4. Business Strategy
    • 6.2.5. Recent Developments
  • 6.3. Bigbasket
    • 6.3.1. Overview
    • 6.3.2. Financials
    • 6.3.3. Service Portfolio
    • 6.3.4. Business Strategy
    • 6.3.5. Recent Developments
  • 6.4. Alibaba.com
    • 6.4.1. Overview
    • 6.4.2. Financials
    • 6.4.3. Service Portfolio
    • 6.4.4. Business Strategy
    • 6.4.5. Recent Developments
  • 6.5. AEON Co., Ltd.
    • 6.5.1. Overview
    • 6.5.2. Financials
    • 6.5.3. Service Portfolio
    • 6.5.4. Business Strategy
    • 6.5.5. Recent Development
  • 6.6. Instacart
    • 6.6.1. Overview
    • 6.6.2. Financials
    • 6.6.3. Service Portfolio
    • 6.6.4. Business Strategy
    • 6.6.5. Recent Development
  • 6.7. JD.com, Inc.
    • 6.7.1. Overview
    • 6.7.2. Financials
    • 6.7.3. Service Portfolio
    • 6.7.4. Business Strategy
    • 6.7.5. Recent Development
  • 6.8. Walmart
    • 6.8.1. Overview
    • 6.8.2. Financials
    • 6.8.3. Service Portfolio
    • 6.8.4. Business Strategy
    • 6.8.5. Recent Development
  • 6.9. Target Brands, Inc.
    • 6.9.1. Overview
    • 6.9.2. Financials
    • 6.9.3. Service Portfolio
    • 6.9.4. Business Strategy
    • 6.9.5. Recent Development
  • 6.10. Tesco.com
    • 6.10.1. Overview
    • 6.10.2. Financials
    • 6.10.3. Service Portfolio
    • 6.10.4. Business Strategy
    • 6.10.5. Recent Development
  • 6.11. Rakuten
    • 6.11.1. Overview
    • 6.11.2. Financials
    • 6.11.3. Service Portfolio
    • 6.11.4. Business Strategy
    • 6.11.5. Recent Development