Online Grocery Shopping Market size was valued at USD 348.15 billion in 2022 and the total Online Grocery Shopping Market revenue is expected to grow at a CAGR of 25.23 % from 2023 to 2029, reaching nearly USD 1681.61 billion.
Online Grocery Shopping Market Overview:
Extensive primary and secondary research Online Grocery Shopping Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Online Grocery Shopping Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
Online Grocery Shopping Market Drivers:
The Online Grocery Shopping Market is experiencing significant growth driven by a confluence of factors. Consumer behavior has shifted towards more convenient and safe shopping experiences, especially in the wake of the COVID-19 pandemic. The ability to purchase groceries from the comfort of one’s home and have them delivered at a preferred time has become increasingly attractive. This convenience is further amplified by the competitive landscape, with both traditional offline retailers and new entrants vying for a share of the online market space.
The proliferation of the Internet and affordable data plans has expanded Internet accessibility, enabling a broader customer base to engage in online shopping. The elimination of costs associated with physical stores, such as rent and maintenance, makes online grocery businesses more economical to establish. Geographical barriers are also surmounted, as online stores can reach a wider area with an efficient supply chain. The availability of round-the-clock operations caters to diverse consumer lifestyles. Trust in online platforms, improved hygiene practices, and contactless delivery options have allayed concerns regarding food safety. Consumer confidence in purchasing perishable items online has surged.
Online Grocery Shopping Market Segmentation:
by Product Type
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
by Payment Method
Offline (Cash on Delivery)
by End User
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Online Grocery Shopping Market Key Players: The prominent players include:
1. AEON Co., Ltd.
3. Alibaba Group
4. Amazon India Pvt. Ltd.
5. Avenue Supermarts Ltd.
6. Best Buy Co. Inc.
7. Blinkit (formerly Grofers)
8. Carrefore S.A.
9. Costco Wholesale Corporation
10. Edeka Group
11. Fresh Direct LLC
12. Godrej Nature’s Basket Ltd.
15. JD.com, Inc.
16. Natures Basket Limited.
17. Paytm E-Commerce Pvt. Ltd. (Paytm Mall)
18. Peapod LLC
19. Publix Super Markets Inc.
21. Reliance Retail Ltd. (Reliance Fresh)
22. Safeway Inc.
23. Spencer’s Retail
24. Supermarket Grocery Supplies Pvt. Ltd. (Big Basket)
25. Target Corporation
26. Tesco PLC
27. The Kroger Co.
28. UrDoorstep eRetail Pvt. Ltd.
The country-level assessment of the Online Grocery Shopping Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Online Grocery Shopping Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Online Grocery Shopping Market: The report also incorporates an analysis of the impact of COVID-19 on the global Online Grocery Shopping market.
Key Questions Addressed in the Online Grocery Shopping Market Report:
- Which product segment dominated the Online Grocery Shopping market share in 2020?
- How is the anticipated competitive landscape of the Online Grocery Shopping market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Online Grocery Shopping market?
- Which region accounted for the largest share in the Online Grocery Shopping market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Online Grocery Shopping market during the forecast period (2021-2027)?
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