Online Grocery Market 2023-2028: Key Players, Size, Share, Latest Trends, and Forecast

by Zayn Mathew Market Research Reports

According to the latest report by IMARC Group, titled “Online Grocery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global online grocery market size reached US$ 420 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,160.3 Billion by 2028, exhibiting a growth rate (CAGR) of 30.8% during 2023-2028.

Online grocery is the purchasing and selling of fresh and packaged grocery items through mobile apps or e-commerce websites. It includes a wide variety of products, including fresh fruits and vegetables, dairy, cereals, drinks, snacks, seafood, meat, and other cooking essentials. The online grocery portals enable the consumer to choose from flexible payment options, access various products, select delivery slots, and track the delivery process. As a result, online grocery shopping has gained immense traction, particularly among the urbanized and millennial population across the globe.

Global Online Grocery Market Trends:

The growing penetration of internet services and smart devices coupled with the expanding e-commerce sectors are primarily driving the market growth. Furthermore, the hectic consumers work schedules and increasing working women population are also catalyzing the market for online grocery. Moreover, the rising influence of numerous social media platforms, such as Facebook and Instagram, is allowing the market players to expand their consumer base by directly interacting with existing and potential customers. Apart from this, due to the outbreak of COVID-19 pandemic, consumer preferences have shifted from brick-and-mortar retail stores towards online grocery platforms for combatting the spread of coronavirus infection upon human interaction. All the above-mentioned factors are anticipated to bolster the market growth in the coming years.

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Global Online Grocery Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global online grocery market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Amazon.com Services LLC, Costco Wholesale Corporation, EDEKA ZENTRALE Stiftung & Co. KG, Fresh Direct, LLC, HappyFresh Group, Koninklijke Ahold Delhaize N.V., Reliance Industries Limited (RIL), Albertsons Companies, Inc., Cygnus Home Service, LLC, Shopfoodex Co Inc., Tesco PLC, The Kroger Co., Walmart Inc., and Wm Morrison Supermarkets Limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

The report has segmented the market on the basis on region, product type, business model, platform and purchase type.

Breakup by Product Type:

Vegetables and Fruits
Dairy Products
Staples and Cooking Essentials
Snacks
Meat and Seafood
Others

Breakup by Business Model:

Pure Marketplace
Hybrid Marketplace
Others

Breakup by Platform:

Web-Based
App-Based

Breakup by Purchase Type:

One-Time
Subscription

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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