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Online Grocery Market Analysis by Purchaser Type (On time purchase, Subscription), By Delivery Type (Home delivery- company owner stores, third party stores, Third-party stores, Click and collect), By End-User (Individuals, Distributors) and by Region: Global Forecast, 2024 - 2034

  • PUBLISHED ON
  • 2024-02-01
  • NO OF PAGES
  • 231
  • CATEGORY
  • Information Communication & Technology

Market Overview

The Online Grocery market is predicted to develop at a compound annual growth rate (CAGR) of 19.5% from 2024 to 2034, when it is projected to reach USD 2925.19 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 492.57 Billion in 2024.


 

SOURCE: We Market Research

Online grocery shopping involves purchasing food and household goods using the internet. Groceries are chosen, ordered, and paid for by customers via websites or applications. The groceries are then delivered to the customer's home or picked up from a specified location. Numerous product options, ease of use, curbside pickup, home delivery, tailored suggestions, and subscription services for frequent deliveries are some of the salient characteristics. Amazon Fresh, Instacart, Walmart Grocery, and Kroger are some of the major competitors. The market has expanded dramatically, particularly during the COVID-19 epidemic, as more customers choose convenient and safe buying options.

The online grocery industry is driven by convenience—the opportunity for people to buy and save time from the comfort of their homes. The advancements in mobile apps and logistical technology enhance the purchasing experience. Urbanisation and hectic lives are the main drivers of demand for online meal delivery services. This trend was accelerated by the COVID-19 pandemic since contactless commerce is now essential. A wide range of products and competitive pricing, which includes promotions and discounts, entice customers. For a variety of reasons, food shopping online is growing more and more common.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 492.57 Billion

Market Forecast in 2034

USD 2925.19 Billion

CAGR % 2024-2034

19.5%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Purchaser Type, By Delivery Type, By End-User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Online Grocery Industry: Dynamics & Restrains


 Market opportunity:


 

We Market Research: Online Grocery Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Online Grocery Segmentation

Market- By Purchaser Type Analysis

By Purchaser Type, the Online Grocery Market is Categories into On time purchase, Subscription. The On time purchase segment accounts for the largest share of around 75% in 2024.


The On time purchase segment in the Online Grocery Market is driven by convenience and immediate needs fulfillment. Consumers in this segment value the ability to order groceries as needed, without commitment, ensuring flexibility and timely delivery to meet their specific requirements.

The following segments are part of an in-depth analysis of the global Online Grocery market:

Market Segments

 

By   Delivery Type

·         Home delivery- company owner stores

·         third party stores

·         Third-party stores

·         Click and collect

By  End-User

·         Individuals

·         Distributors

 

Online Grocery Industry: Regional Analysis

North America Market Forecast

North America dominate the Online Grocery Market with the highest revenue generating market with share of more than 48%. North America leads in market size because to strong internet usage, technologically adept consumers, and well-established logistics networks. Major businesses, such as Amazon and Walmart, dominate with extensive delivery networks.


Europe Market Statistics

Europe is the second largest region in Online Grocery market. benefits from the rising incidence of cancer in Europe increases demand for Online Grocery. In Europe, the market is quickly expanding, with countries such as the United Kingdom, France, and Germany driving uptake. Strong infrastructure enables speedy delivery alternatives, and there is a tendency towards sustainability and organic products.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing regional segment of the Online Grocery market during the forecast period. In the Asia Pacific region, seeing substantial growth fueled by rising disposable incomes, urbanization, and tech adoption. Countries like China, Japan, and India are key markets with a surge in online grocery platforms and investment in logistics.

Key Market Players

The Online Grocery Market is dominated by a few large companies, such as

·         Target Corporation

·         Amazon.com, Inc.

·         Walmart Inc.

·         FreshDirect LLC.

·         Instacart

·         Grofers India Private limited

·         Avenue Supermarkets limited

·         Safeway Inc.

·         Edeka group

·         Tesco PLC.

·         Alibaba Group

·         Other
 

1.      Global Online Grocery Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Online Grocery Market Scope and Market Estimation

1.2.1. Global Online Grocery Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)

1.2.2. Global Online Grocery Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. Purchaser Type of Global Online Grocery Market

1.3.2. Delivery Type of Global Online Grocery Market

1.3.3. End-User of Global Online Grocery Market

1.3.4. Region of Global Online Grocery Market

2.      Executive Summary

2.1.    Global Online Grocery Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Online Grocery Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Online Grocery Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Online Grocery Market Estimates & Forecast Trend Analysis, by Purchaser Type

4.1.    Global Online Grocery Market Revenue (US$ Mn) Estimates and Forecasts, by Purchaser Type, 2019 to 2034

4.1.1. On time purchase

4.1.2. Subscription

5.      Global Online Grocery Market Estimates & Forecast Trend Analysis, by Delivery Type

5.1.    Global Online Grocery Market Revenue (US$ Mn) Estimates and Forecasts, by Delivery Type, 2019 to 2034

5.1.1. Home delivery- company owner stores

5.1.2. third party stores

5.1.3. Third-party stores

5.1.4. Click and collect

6.      Global Online Grocery Market Estimates & Forecast Trend Analysis, by End-user

6.1.    Global Online Grocery Market Revenue (US$ Mn) Estimates and Forecasts, by End-user, 2019 to 2034

6.1.1. Individuals

6.1.2. Distributors

7.      Global Online Grocery Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Online Grocery Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Online Grocery Market: Estimates & Forecast Trend Analysis

8.1.    North America Online Grocery Market Assessments & Key Findings

8.1.1. North America Online Grocery Market Introduction

8.1.2. North America Online Grocery Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

8.1.2.1.   By Purchaser Type

8.1.2.2.   By Delivery Type

8.1.2.3.   By End-user

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Online Grocery Market: Estimates & Forecast Trend Analysis

9.1.    Europe Online Grocery Market Assessments & Key Findings

9.1.1. Europe Online Grocery Market Introduction

9.1.2. Europe Online Grocery Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

9.1.2.1.   By Purchaser Type

9.1.2.2.   By Delivery Type

9.1.2.3.   By End-user

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Online Grocery Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Online Grocery Market Introduction

10.1.2.   Asia Pacific Online Grocery Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

10.1.2.1.    By Purchaser Type

10.1.2.2.    By Delivery Type

10.1.2.3.    By End-user

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Online Grocery Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Online Grocery Market Introduction

11.1.2.   Middle East & Africa Online Grocery Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

11.1.2.1.    By Purchaser Type

11.1.2.2.    By Delivery Type

11.1.2.3.    By End-user

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Online Grocery Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Online Grocery Market Introduction

12.1.2.   South America Online Grocery Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

12.1.2.1.    By Purchaser Type

12.1.2.2.    By Delivery Type

12.1.2.3.    By End-user

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Online Grocery Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Online Grocery Market Competition White Space Analysis, By End-user

13.3.  Global Online Grocery Market Competition Heat Map Analysis, By End-user

13.4.  Global Online Grocery Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     Target Corporation

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Amazon.com, Inc.

14.3.      Walmart Inc.

14.4.      FreshDirect LLC.

14.5.      Instacart

14.6.      Grofers India Private limited

14.7.      Avenue Supermarkets limited

14.8.      Safeway Inc.

14.9.      Edeka group

14.10.  Tesco PLC.

14.11.  Alibaba Group

14.12.  Other

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Online Grocery Market in 2024?

Online Grocery Market was valued at USD 492.57 Billion in 2024.

What is the growth rate for the Online Grocery Market?

Online Grocery Market size will increase at approximate CAGR of 19.5% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Online Grocery Market Are Target Corporation, Amazon.com, Inc., Walmart Inc.,FreshDirect LLC., Instacart, Grofers India Private limited, Avenue Supermarkets limited, Safeway Inc., Edeka group, Tesco PLC., Alibaba Group and Other.

Which region dominates the Online Grocery Market?

North America dominates the market with an active share of 48%.

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