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Mar 24, 2023 (The Expresswire) --The "Online Grocery Market" study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Online Grocery Industry is its growth rate. Many major technology players are[Carrefour, Kroger, Tesco, Walmart, Amazon, Target, ALDI, Coles Online, BigBasket, Longo, Schwan Food, FreshDirect, Honestbee, Alibaba]have been looking into Online Grocery to increase their market share and reach towards consumers.
Online Grocery Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR during the forecast Period 2023-2028.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 100 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Client Focus: 1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Online Grocery market?
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Online Grocery market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Online Grocery Industry
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Online Grocery Industry.
This research report is the result of an extensive primary and secondary research effort into the Online Grocery market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Online Grocery Market.
Which are the driving factors of the Online Grocery market?
Growing demand for[0.95, 0.99]around the world has had a direct impact on the growth of the Online Grocery
The Online Grocery segments and sub-section of the market are illuminated below:
Based on Product Types the Market is categorized into[Medical, Cosmetics, Dye, Other]that held the largest Online Grocery market share In 2023.
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Online Grocery Market - Competitive and Segmentation Analysis:
2.How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Short Description About Online Grocery Market:
The Global Online Grocery market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The Online Grocery market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to ourlatest study, due to COVID-19 pandemic, the global Online Grocery market size is estimated to be worth USD 52000 million in 2021 and is forecast to a readjusted size of USD 135340 million by 2028 with a CAGR of 14.6% during review period. Personal Shoppers accounting for percent of the Online Grocery global market in 2021, is projected to value USD million by 2028, growing at a percent CAGR in next six years. While Packaged Foods segment is altered to a percent CAGR between 2022 and 2028.
Global key companies of Online Grocery include Carrefour, Kroger, Tesco, Walmart, and Amazon, etc. In terms of revenue, the global top four players hold a share over percent in 2021.
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3.What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027) of the following regions are covered in Chapters:
● North America (United States, Canada, and Mexico)
● Europe (Germany, UK, France, Italy, Russia, and Turkey etc.)
● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
● South America (Brazil, Argentina, Columbia etc.)
● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
This Online Grocery Market Research/Analysis Report Contains Answers to your following Questions
● What are the global trends in the Online Grocery market? Would the market witness an increase or decline in the demand in the coming years?
● What is the estimated demand for different types of products in Online Grocery? What are the upcoming industry applications and trends for Online Grocery market?
● What Are Projections of Global Online Grocery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
● Where will the strategic developments take the industry in the mid to long-term?
● What are the factors contributing to the final price of Online Grocery? What are the raw materials used for Online Grocery manufacturing?
● How big is the opportunity for the Online Grocery market? How will the increasing adoption of Online Grocery for mining impact the growth rate of the overall market?
● How much is the global Online Grocery market worth? What was the value of the market In 2020?
● Who are the major players operating in the Online Grocery market? Which companies are the front runners?
● Which are the recent industry trends that can be implemented to generate additional revenue streams?
● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Online Grocery Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Online Grocery Market Insights and Forecast to 2028
Major Points from Table of Contents
Global Online Grocery Market Research Report 2023-2028, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2028)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Online Grocery Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Online Grocery Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Online Grocery Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Online Grocery Market-Segmentation by Type
6 Global Online Grocery Market-Segmentation by Application
7 Global Online Grocery Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Online Grocery Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Online Grocery Market from 2023-2028
10.1 Future Forecast of the Global Online Grocery Market from 2023-2028 Segment by Region
10.2 Global Online Grocery Production and Growth Rate Forecast by Type (2023-2028)
10.3 Global Online Grocery Consumption and Growth Rate Forecast by Application (2023-2028)
12.2 Research Data Source
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Over the next five years, online grocery sales will see a compound annual growth rate (CAGR) of 11.7%, bumping e-commerce's share of overall grocery spending from 11.2% in 2022 to 13.6% in 2027, per a newly released forecast by Brick Meets Click and Mercatus.What is the forecast for grocery sales? ›
U.S. online grocery sales are forecast to grow at a compound average growth rate of 11.7% in that time, increasing online's share of overall grocery spending from 11.2% in 2022 to 13.6% in 2027, according to a news release from the 2023 Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast.How much is the grocery delivery market worth? ›
The market size, measured by revenue, of the Online Grocery Sales industry is $36.3bn in 2023. What is the growth rate of the Online Grocery Sales industry in the US in 2023? The market size of the Online Grocery Sales industry is expected to increase 3.6% in 2023.What is the future of online grocery shopping in India? ›
It is predicted that online grocery shopping will continue to increase at an annual compound growth rate of 37.1% during 2021-2030. Another significant reason for the increase in online grocery shopping is increasing internet access along with cheaper smartphones and low data tariffs in India.What is the expected grocery increase for 2023? ›
In 2023, all food prices are predicted to increase 7.5 percent, with a prediction interval of 5.5 to 9.6 percent. Food-at-home prices are predicted to increase 7.8 percent, with a prediction interval of 5.3 to 10.5 percent.What is the projected ecommerce growth for 2023? ›
The global ecommerce growth rate for 2023 is forecast at 8.9%, bringing global ecommerce sales worldwide to $5.9 trillion. This marks a 1.8 percentage point increase from 2022's growth rate, which followed a massive dip from 2021.Will there be grocery shortages in 2023? ›
Food inflation: Cost of groceries rising at a slower rate
It was a bad year for food shortages in 2022, with categories including eggs and baby formula hit hard. Unfortunately, 2023 could see its own batches of food shortages.
A 5-year forecast is an educated projection of your company's financial performance over the next five years. It specifically details projected revenues, costs, expenses, cash flows (including any projected capital raises), and owner equity, as well as projecting sales growth and margins.What is the 2023 brick meets click mercatus five year grocery sales forecast? ›
According to the new 2023 Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast, total U.S. online grocery sales are forecast to grow at a compound average growth rate (CAGR) of 11.7% over the next five years, increasing online's share of overall grocery spending from 11.2% in 2022 to 13.6% in 2027.Who has the biggest online grocery market? ›
tesco.com is the clear leader in the net sales comparison of eCommerce players specializing in the supermarket field.
- Amazon India Pvt. Ltd.
- 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.
- Bigbasket: The best grocery delivery app.
- Grofers: Grocery delivery app.
- Flipkart Supermart:
- Nature's Basket:
In the next 10 years, the percentage of shoppers doing their grocery shopping online is expected to more than double. Nearly three-quarters of all shoppers — 72% — are projected to conduct 25% of their grocery shopping online by 2025.Will online shopping continue to grow? ›
“We believe that the Covid-driven bump will not flatten future e-commerce growth,” says Brian Nowak, an equity analyst covering the U.S. internet industry. He sees e-commerce reaching 27% of retail sales by 2026.Is online shopping still growing? ›
Right now, 70% of Americans are shopping online. In 2022 alone, there were a total of 268 million digital buyers in the United States and by 2025, this number is likely to reach 285 million. Their purchases represent about 18% of the global ecommerce. This leads to great earnings for the US ecommerce industry.How much will groceries cost in 2030? ›
Food & Beverage: Average annual inflation rate: 2.33%
Food and drinks may be about 26% more expensive by 2030. That means a trip to the grocery store that costs you $250 now could set you back more than $314. If you like fresh fruit, your grocery bill could climb higher even sooner.
Although inflation is coming down, high grocery prices will continue and consumer price sensitivity is growing, experts from the Food Industry Association said Wednesday.What are the food supply chain issues in 2023? ›
In 2023, the food supply chain is still facing a number of issues and supply chain disruptions are limiting product availability and driving up prices. Avian flu continues to be a thorn in the side of the poultry industry. Over the last 6 years, avian flu has continued to make headlines and disrupt the market.What items will trend in 2023? ›
- Teeth whitening.
- Anti-snoring products.
- Nail extensions.
- Fake lashes.
- Hair clips.
- Hair extensions and wigs.
- Yoga mats.
For instance, mobile phones and smartphone accessories are customer favorites. As a result, the smartphone accessories market is expected to reach $413 billion in value by 2030. Products that will attract high demand include: Phone cases: Phone cases always sell, and 2023 is unlikely to be different.
E-commerce sales are expected to grow 10.4% in 2023
Since 20.8% of retail purchases are expected to take place online in 2023, it's no surprise that e-commerce sales are supposed to increase as well. With more customers shopping online, your business can sell more and earn more as a result.
It is estimated that between 720 and 811 million people in the world faced hunger in 2020. Around 660 million people may still face hunger in 2030, in part due to lasting effects of the COVID-19 pandemic on global food security.Should we be stockpiling food? ›
All Americans should have at least a three-day supply of food and water stored in their homes, with at least one gallon of water per person per day.Will there be a meat shortage in 2023? ›
2023 will also likely bring a beef shortage, meaning you may need to shell out more if you want to serve burgers and steak. Last year, a drought in Texas resulted in less grass feed for cows. At the same time, alternative feeds were expensive, so farmers sold their cattle earlier than anticipated.How do you forecast sales for next 3 years? ›
- List out the goods and services you sell.
- Estimate how much of each you expect to sell.
- Define the unit price or dollar value of each good or service sold.
- Multiply the number sold by the price.
- Determine how much it will cost to produce and sell each good or service.
The formula is: sales forecast = estimated amount of customers x average value of customer purchases. New business approach: This method is for new businesses and small startups that don't have any historical data. It uses sales forecasts of a similar business that sells similar products.How to do a 12 month sales forecast? ›
Calculate your sales forecast
Divide your sales revenue for the year so far by the number of months so far to calculate your average monthly sales rate. Multiply your average monthly sales rate by the number of months left in the year to calculate your projected sales revenue for the rest of the year.
Economic outlook for the retail industry
A slowing economy will keep retail sales growth in check. In our baseline scenario (55% probability), we forecast GDP growth to slow to 0.9% in 2023 from an estimated 2% in 2022 and 5.9% in 2021.
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Shopping online at Walmart Groceries means customers can get the same low prices they've come to expect from Walmart's big-box items for all their fresh goods. Walmart Inc. is the No. 1 retailer in digital grocery and will remain on top, at least through 2023, according to our US digital grocery forecast.
For years, Amazon has worn the crown as king of eCommerce. Through all of their successful ventures, grocery is Amazon's fastest-growing category. Amazon Fresh is all about convenience, technology, and keeping prices as low as possible.
- Wakefern Food Corp. > Sales during FY 2021: $17.8 billion. ...
- Aldi U.S. > Sales during FY 2021: $18.2 billion. ...
- Walmart Canada. > Sales during FY 2021: $21.8 billion. ...
- Empire Company Ltd. ( Sobeys) ...
- Rite Aid. > Sales during FY 2021: $24.6 billion. ...
- Meijer Inc. ...
- Costco (Canada) ...
- Alimentation Couche-Tard (U.S. only, including Circle K)
The FoodIndustry.Com list of the top 10 grocery chains in the US by revenue – 2021. 1. WALMART INC. Walmart once again top our list for the leader in grocery sales (it accounted for more than one-quarter of all grocery revenues in the United States) with FY2022 sales of $467 billion.What is the largest independent grocery delivery service? ›
1. Instacart. Instacart is probably the most well-known of the grocery delivery services, as it sends personal shoppers to a grocery store in your area of your choosing.What is the most ethical grocery delivery app? ›
Dumpling provides an extremely ethical model of grocery delivery that both shoppers and clients can feel good about. Dumpling is the new ethical alternative to grocery delivery app Instacart. Dumpling is a grocery delivery outfit that you can feel good about. Empowering gig workers as small business owners.Where do we get cheapest grocery online? ›
- Amazon Grocery online Sale.
- Flipkart Grocery online Sale.
- Bigbasket Grocery online Sale.
- Blinkit Grocery online Sale.
- Big Bazaar Grocery online Sale.
- Paytmmall Grocery online Sale.
- Sparindia Grocery online Sale.
- Snapdeal Grocery online Sale.
In 2030, retailers must have an integrated omnichannel shopping experience that allows them to plan their supply based on the demand they're driving by personalizing offers, making product recommendations, and better directing customer interest.What are consumers looking for in 2023? ›
- Buyers impacted by inflation are seeking deals.
- Social ads still big driver of purchase decisions.
- Brand loyalty is waning.
- Brand collaborations cut acquisition costs.
- Social commerce and discovery hold strong on TikTok.
- Customers demand low-friction returns.
Store Fronts Will Become Virtual
By 2030, store windows will be used in conjunction with smartphone devices to create animated and curated visual output, as well as leasable space to generate more income. Visual content will vary depending on shoppers' preferences and behaviours, and even time of day.
Market data provider Statista predicts that in 2021, online purchases made from smartphones will account for more than $345 billion in retail sales. With mobile e-commerce, shopping happens everywhere, no brick-and-mortar storefront or laptop required.
Retail e-commerce revenue in the United States from 2017 to 2027 (in billion U.S. dollars)
|Characteristic||Revenue in billion U.S. dollars|
Key trends to watch for in 2023 include the rise of live shopping with influencers, the integration of AR and VR technology, the trend toward one-to-one live shopping sessions, and the intersection of live shopping with social commerce.Is online shopping on the decline? ›
Online sales still make up a greater portion of retail sales than they did prior to the pandemic. But they have steadily declined from their peak in the spring of 2020. Top companies say they're noticing more shoppers returning stores.Is online shopping declining? ›
eCommerce spending has had a declining growth rate since the beginning of 2022. The growth of eCommerce sales was, in fact, negative in March and April. Despite the rebound of four percentage points in May, eCommerce sales continue to be on a declining trend.Are online sales declining? ›
Digital sales decreased 6% over 2021, while sales in stores grew by 3%. There were 42.7 million active customers, a 4% decrease. Net income was $1.1 billion, down from $1.4 billion in 2021.What are the projections for ecommerce by 2030? ›
The Global E-Commerce Market is expected to grow at a CAGR of 17.4% during the forecast period 2023-2030, and is projected to reach US$ 20313450 million by 2028. (With 106 pages of the report).What is the growth rate of online marketing? ›
What is the growth rate of digital marketing? The compound annual growth rate of digital marketing from 2020-2026 is projected at 9%. Digital display is projected to grow at a 15.5% CAGR, while search is projected to grow at 12.2%. Search accounts for 40.9% of the global digital advertising and marketing market.What is the fastest growing online industry? ›
1. Shipping and delivery services. The rising popularity of online purchases has led to an increased demand for shippers and is fast securing its place as the growth industry front-runner. The American Shipper reports that as much as 8% of all retail sales are made online, or $394 billion.What are the shopping trends for 2023? ›
Retail is expected to change significantly in 2023, with omnichannel retail, social commerce, and the metaverse shaping the industry. Experiential retail, personalized shopping experiences, and frictionless shopping are also predicted to be key trends.Is ecommerce still worth it 2023? ›
The e-commerce industry has been growing at an unprecedented rate in recent years. But with the rise of online shopping giants and a waning pandemic, is selling online still worth it in 2023? The answer is yes.
A Carnegie Melon study found “e-commerce delivery uses less primary energy and produces less CO2 emissions than traditional retailing… Overall, e-commerce had about 30% lower energy consumption and CO2 emissions compared to traditional retail.”How many people shop online in 2023? ›
With the rise of ecommerce, it's only natural that the number of online shoppers worldwide rises along with it. As it stands in 2023, the number of digital buyers is at 2.64 billion. This makes up 33.3% of the population worldwide.