Fort Collins, Colorado, Oct. 25, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the Online Grocery Market size was valued at USD 297.1 Billion in 2022 and is expected to reach USD 2,228.6 Billion by 2032 with a CAGR of 22.4%.
Due to the pandemic, consumer preferences have shifted towards online ordering from home, which saves time. This benefits retailer as it is cheaper than maintaining a physical store, helping the market grow.
The worldwide availability of the internet and the rise in smartphones have enabled retailers to expand their brand presence online. This has resulted in the addition of new customers and potential business expansion into new regions, contributing to market growth.
Online shopping offers the advantage of comparing rates of different retailers simultaneously. Customers have a wider range of options and can select the best retailer that suits them. Products are available at consistent prices, and customers can avoid the hassle of searching for groceries at different stores and bargaining for rates. This is why consumers prefer online shopping, particularly in urban areas, which drives market growth.
Request Sample Report:
https://www.datahorizzonresearch.com/request-sample-pdf/online-grocery-market-2466
Segmentation Overview:
The global online grocery market has been segmented into product, purchasers, delivery, and region. Staples, cooking essentials, and fresh seafood dominate the online grocery market. The segment's growth is due to consumer preference for online shopping to avoid crowds and traffic. Subscriptions are popular and beneficial for customers as they offer premium services and increased loyalty.
Buy This Research Report:
https://www.datahorizzonresearch.com/checkout-page/online-grocery-market-2466
Online Grocery Market Report Highlights:
- The global online grocery market growth is anticipated at a CAGR of 22.4% by 2032.
- The pandemic and the growth of e-commerce drive changes in shopping preferences, boosting market growth.
- North America generates maximum revenue due to key players and consumer preference for online shopping. The US dominates, followed by Canada.
- Some prominent players in the online grocery market report include Amazon.com, Inc., Walmart Inc., FreshDirect LLC., Target Corporation, Instacart, Safeway Inc., Edeka Group, Tesco PLC., Alibaba Group, Grofers India Private Limited, Avenue Supermarkets Limited and others.
Industry Trends and Insights:
- Wellness West and Instacart have partnered to help food insecurity and chronically ill individuals on Chicago's West Side.
- Safeway and FreshCo Pharmacy workers have voted in favor of a historic new contract that adds over 300 full-time jobs, benefit improvements, and the highest wage increases in 25 years at Sobeys-owned stores.
Looking Exclusively For Region/Country Specific Report?
https://www.datahorizzonresearch.com/ask-for-customization/online-grocery-market-2466
OR
Ask For Discount
https://www.datahorizzonresearch.com/ask-for-discount/online-grocery-market-2466
Online Grocery Market Segmentation:
- By Product: Fresh produce, Breakfast and dairy, Snacks and beverages, Staples and cooking essentials, Poultry and meat, others
- By Purchasers: One-time customers, Subscribers
- By Delivery: Home Delivery, Click and Collect
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
Contact:
Mail: sales@datahorizzonresearch.com
Ph: +1-970-672-0390
Website: https://datahorizzonresearch.com/
Follow Us: LinkedIn
Recent Publications
Neobanking Market 2023 to 2032
Product Engineering Services Market 2023 to 2032
Immersive Analytics Market 2023 to 2032
Data Analytics Market 2023 to 2032
Cellular IoT Module Market 2023 to 2032
