Online Grocery Global Business Analysis Report 2024-2030 Featuring Key Players - Albertsons, Amazon, Fresh Direct, Koninklijke Ahold Delhaize, My Brands, mySupermarket, ShopFoodEx, & Wal-Mart Stores


Dublin, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The "Online Grocery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Online Grocery was estimated at US$925.5 Billion in 2023 and is projected to reach US$2.0 Trillion by 2030, growing at a CAGR of 11.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.



The growth in the online grocery market is driven by several factors, each of which is shaping the future of this fast-evolving sector. First and foremost, the increasing consumer shift toward digital platforms for shopping - driven by convenience, speed, and accessibility - has been a major driver. Urbanization and busy lifestyles are pushing consumers to seek time-efficient alternatives to traditional shopping, which online grocery platforms provide. Technological advancements, including the widespread adoption of smartphones and improvements in mobile network infrastructure, have expanded access to e-grocery platforms in both urban and rural areas.

Furthermore, changing consumer behaviors, such as the rise in health consciousness and the demand for organic and locally sourced products, have fueled demand for niche online grocery services. Retailers are also using big data analytics to personalize the shopping experience, offering tailored promotions and recommendations that increase customer engagement.

Lastly, the competitive pressure from retailers and venture-backed startups has spurred investments in last-mile delivery solutions, making online grocery services more reliable and cost-effective. As a result, the online grocery market is poised for continued growth, supported by a blend of consumer trends, technological advancements, and evolving supply chain dynamics.

What Are the Emerging Consumer Preferences in Online Grocery Shopping?

Consumer preferences have evolved significantly in the online grocery space, driven by a combination of convenience, customization, and time-saving benefits. Modern shoppers are increasingly drawn to subscription services that ensure regular deliveries of staple items such as milk, bread, and eggs, reducing the need for repeated orders. In addition, there has been a growing demand for organic, locally sourced, and eco-friendly products, as more consumers become conscious of their health and the environmental impact of their purchasing choices.

Another critical shift is the demand for transparency and trust in supply chains; customers want to know where their products come from, how they are sourced, and what sustainability measures are in place. This demand has prompted many online grocery platforms to incorporate tracking features, allowing consumers to trace the origin of their food products. Personalization is another key trend, with AI-powered recommendations enhancing the shopping experience by suggesting products based on individual consumer preferences and purchasing history.

How Are Technology Advancements Shaping the Online Grocery Sector?

The rapid advancement of technology has played a pivotal role in the transformation of the online grocery sector. E-commerce platforms have adopted advanced logistics solutions to streamline the order fulfillment process, reducing delivery times and improving the efficiency of inventory management.

The integration of artificial intelligence (AI) and machine learning (ML) has allowed retailers to predict demand more accurately and optimize stock levels, thus minimizing waste and avoiding shortages. Additionally, the use of autonomous vehicles and drones for delivery is an emerging technology that is being piloted in select markets, promising to further reduce costs and enhance delivery speed.

Cloud-based systems, combined with Internet of Things (IoT) technology, are enabling smart refrigerators and pantries that can track stock levels in real-time and automatically reorder essential groceries. Such innovations are transforming not just how groceries are delivered but how they are consumed and restocked. Mobile applications have also become central to the online grocery experience, enabling users to shop seamlessly, track orders, and manage deliveries all in one place.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Breakfast & Dairy segment, which is expected to reach US$588.7 Billion by 2030 with a CAGR of a 12.7%. The Staples & Cooking Essentials segment is also set to grow at 13.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was valued at $252.1 Billion in 2023, and China, forecasted to grow at an impressive 15.8% CAGR to reach $435.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Albertsons Companies, Inc., Amazon.com, Inc., Fresh Direct, LLC, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report AttributeDetails
No. of Pages301
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$925.5 Billion
Forecasted Market Value (USD) by 2030$2000 Billion
Compound Annual Growth Rate11.6%
Regions CoveredGlobal



Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Online Grocery - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • Rapid Growth in E-Commerce and Changing Consumer Behavior Spur Demand for Online Grocery Platforms
  • Increased Consumer Preference for Convenience Drives Adoption of Online Grocery Shopping Services
  • Rising Demand for Home Delivery and Contactless Shopping Solutions Expands Addressable Market for Online Groceries
  • Surge in Mobile Shopping Apps and Digital Payment Solutions Propels Growth of the Online Grocery Market
  • Rising Popularity of Subscription-Based Grocery Delivery Services Strengthens the Business Case for Online Grocery Platforms
  • Increased Focus on Fresh and Organic Food Products Spurs Consumer Demand for Online Grocery Shopping
  • Technological Innovations in Supply Chain and Last-Mile Delivery Drive Efficiency and Growth in Online Grocery Services
  • Rising Health and Wellness Awareness Generates Demand for Specialty Foods in the Online Grocery Segment
  • Growing Adoption of AI-Powered Personalization Tools and Smart Recommendations Expands Market Opportunities for Online Grocery Providers
  • Expansion of Omnichannel Retailing Strategies by Traditional Supermarkets Drives Growth in the Online Grocery Market
  • Rising Focus on Sustainability and Eco-Friendly Packaging Strengthens the Business Case for Online Groceries with Green Initiatives
  • Increasing Consumer Trust in Digital Payment Security and Data Privacy Accelerates Growth in the Online Grocery Market
  • Proliferation of Same-Day and On-Demand Delivery Services Spurs Adoption of Online Grocery Shopping

FOCUS ON SELECT PLAYERS (Total 156 Featured)

  • Albertsons Companies, Inc.
  • Amazon.com, Inc.
  • Fresh Direct, LLC
  • Koninklijke Ahold Delhaize N.V.
  • My Brands Inc.
  • mySupermarket Ltd
  • ShopFoodEx
  • Wal-Mart Stores, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ejwsq2

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Online Grocery Market

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