Online Grocery Market Synopsis

Online Grocery Market Size Was Valued at USD 541.90 Billion in 2022, and is Projected to Reach USD 3168.46 Billion by 2030, Growing at a CAGR of 24.70% From 2023-2030.

Online grocery refers to the purchase of food and household products through internet-based platforms rather than traditional brick-and-mortar stores. This convenient and evolving method of shopping allows consumers to browse, select, and order a wide variety of groceries from the comfort of their homes using computers or mobile devices.

• Online grocery platforms often provide user-friendly interfaces, extensive product catalogues, and convenient delivery options. Customers can explore virtual aisles, add items to their digital carts, and proceed to check out with a few clicks. The popularity of online grocery shopping has grown significantly, driven by factors such as time constraints, convenience, and the desire to minimize in-person interactions.
• Many established grocery retailers and specialized online platforms offer this service, allowing customers to receive their orders at their doorstep or choose alternative delivery methods like curb side pickup.
• The online grocery landscape continues to innovate, incorporating features like personalized recommendations, subscription services, and real-time tracking to enhance the overall shopping experience for consumers. As technology advances, Online grocery shopping is expected to further transform the way people acquire their everyday essentials.

Online Grocery Market Trend Analysis

Advances in e-commerce technology

• The Online Grocery market is experiencing unprecedented growth, largely propelled by significant advances in e-commerce technology. The seamless integration of innovative technologies has transformed the way consumers shop for groceries, contributing to the sector's remarkable expansion. One key driver is the user-friendly and intuitive interfaces of online platforms, enabling customers to browse, select, and purchase groceries effortlessly.
• Moreover, the implementation of sophisticated logistics and supply chain management systems has enhanced the efficiency of order fulfilment and delivery processes. Artificial intelligence and machine learning algorithms are being employed to analyze consumer preferences and behavior, enabling personalized recommendations and targeted promotions. This not only improves the shopping experience but also boosts customer satisfaction and loyalty.
• Additionally, the rise of mobile applications and the widespread use of smartphones have made online grocery shopping more accessible and convenient for a larger demographic. Secure payment gateways and advanced cybersecurity measures have instilled trust in online transactions, further fueling the growth of the market.

Tech Integration and Innovation creates an Opportunity for Online Grocery Market

• The online grocery market presents exciting opportunities for tech integration and innovation, ushering in a transformative era for the industry. With the proliferation of smartphones and the increasing digitization of consumer experiences, leveraging technology can enhance customer engagement and operational efficiency.
• Tech integration in logistics and supply chain management is crucial for streamlining operations, optimizing inventory, and ensuring timely deliveries. The implementation of advanced data analytics and artificial intelligence can enable predictive ordering, reducing waste and improving inventory turnover. Additionally, the integration of Internet of Things (IoT) devices can enhance real-time tracking of perishable goods, ensuring their freshness and quality.
• Innovations in user interfaces and mobile apps offer personalized shopping experiences, incorporating features such as AI-driven recommendations based on past purchases and preferences. Virtual reality (VR) and augmented reality (AR) technologies can simulate in-store experiences, providing customers with a more immersive and interactive online shopping journey.

Online Grocery Market Segment Analysis:

Online Grocery Market Segmented on the basis of type, application, and end-users.

By Type, Fresh Produce segment is expected to dominate the market during the forecast period

• The Fresh Produce segment is poised to emerge as the dominant force in the Online Grocery market, reflecting evolving consumer preferences and a growing demand for fresh and healthy food options. This trend can be attributed to an increasing awareness of health and wellness, coupled with the convenience offered by online grocery platforms.
• Consumers are increasingly valuing the ability to access a wide array of fresh produce from the comfort of their homes, avoiding the hassles associated with traditional brick-and-mortar shopping. The Fresh Produce segment encompasses fruits, vegetables, dairy, and other perishable items, addressing the rising need for nutritional and organic choices among discerning shoppers.
• Online platforms facilitate the direct sourcing of farm-fresh produce, reducing the time between harvest and consumption. This not only ensures higher quality and freshness but also supports local farmers and sustainable agricultural practices. Additionally, the ease of browsing through a diverse range of fresh items, accompanied by detailed product information, enhances the overall online shopping experience.

By Delivery Type, Home Delivery segment held the largest share of 76% in 2022

• This segment has emerged as a cornerstone of convenience and customer satisfaction, shaping the preferences of consumers seeking seamless shopping experiences. With the increasing adoption of digital platforms and changing consumer behaviors, home delivery has become a pivotal factor driving the growth of the online grocery market.
• The Home Delivery segment offers customers unparalleled convenience by bringing groceries directly to their doorstep, eliminating the need for physical visits to brick-and-mortar stores. This delivery type caters to the contemporary lifestyle where time efficiency is paramount, providing a hassle-free solution for busy individuals and families. The COVID-19 pandemic further accelerated the demand for home delivery services, as safety concerns prompted a surge in online shopping.
• Retailers and online grocery platforms are investing significantly in optimizing and expanding their home delivery capabilities, leveraging advanced logistics and technology to enhance the overall customer experience. The dominance of the Home Delivery segment is expected to persist, driven by the enduring appeal of doorstep convenience, time-saving benefits, and the continuous evolution of delivery services to meet the dynamic demands of modern consumers.

Online Grocery Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is poised to emerge as a dominant force in the online grocery market, reflecting a dynamic shift in consumer behavior and technological advancements. With a population characterized by rapid urbanization, increasing disposable income, and a burgeoning middle class, the demand for convenient and time-saving solutions has fueled the growth of online grocery shopping.
• Countries within the Asia Pacific region, such as China, India, and Southeast Asian nations, are witnessing a surge in e-commerce activities, with online grocery shopping becoming a preferred choice for consumers. The proliferation of smartphones and internet connectivity has further facilitated the adoption of digital platforms for grocery purchases.

Online Grocery Market Top Key Players:

• Amazon Pantry (USA)
• Walmart Online Grocery (USA)
• Instacart (USA)
• DoorDash DashMart (USA)
• Shipt (USA)
• Peapod (USA)
• Ocado (UK)
• Tesco Online (UK)
• Bigbasket (India)
• Metro Wholesale (India)
• Grofers (India)
• Blinkit (India)
• Zepto (India)
• Swiggy Instamart (India)
• JioMart (India)
• Dunzo (India)
• Flipkart Supermart (India)
• Milkbasket (India)
• Pepperfry Pantry (India)
• Nature's Basket (India)
• Localbanya (India)
• Spencer's Online (India)
• Safal (India)
• Easyday (India)
• Big Bazaar Direct (India)

Key Industry Developments in the Online Grocery Market:

• In July 2023, Amazon Expanded its "Fresh" grocery stores to new markets and introduces a "Just Walk Out" cashier less shopping experience in select locations.
• In July 2023, Instacart Launched "Instacart Pickup" lockers, allowing customers to order groceries online and pick them up at convenient locations without interacting with staff.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ONLINE GROCERY MARKET BY TYPE (2016-2030)
   1. ONLINE GROCERY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FRESH PRODUCE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BREAKFAST & DAIRY
   5. SNACKS & BEVERAGES
   6. MEAT & SEAFOOD
   7. STAPLES & COOKING ESSENTIALS
7. ONLINE GROCERY MARKET BY DELIVERY TYPE (2016-2030)
   1. ONLINE GROCERY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HOME DELIVERY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CLICK & COLLECT
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. ONLINE GROCERY Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. AMAZON PANTRY (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. WALMART ONLINE GROCERY (USA)
   4. INSTACART (USA)
   5. DOORDASH DASHMART (USA)
   6. SHIPT (USA)
   7. PEAPOD (USA)
   8. OCADO (UK)
   9. TESCO ONLINE (UK)
   10. BIGBASKET (INDIA)
   11. METRO WHOLESALE (INDIA)
   12. GROFERS (INDIA)
   13. BLINKIT (INDIA)
   14. ZEPTO (INDIA)
   15. SWIGGY INSTAMART (INDIA)
   16. JIOMART (INDIA)
   17. DUNZO (INDIA)
   18. FLIPKART SUPERMART (INDIA)
   19. MILKBASKET (INDIA)
   20. PEPPERFRY PANTRY (INDIA)
   21. NATURE'S BASKET (INDIA)
9. GLOBAL ONLINE GROCERY MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Delivery Type
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ONLINE GROCERY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ONLINE GROCERY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ONLINE GROCERY MARKET COMPETITIVE RIVALRY
TABLE 005. ONLINE GROCERY MARKET THREAT OF NEW ENTRANTS
TABLE 006. ONLINE GROCERY MARKET THREAT OF SUBSTITUTES
TABLE 007. ONLINE GROCERY MARKET BY TYPE
TABLE 008. FRESH PRODUCE MARKET OVERVIEW (2016-2028)
TABLE 009. BREAKFAST & DAIRY MARKET OVERVIEW (2016-2028)
TABLE 010. SNACKS & BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 011. MEAT & SEAFOOD MARKET OVERVIEW (2016-2028)
TABLE 012. STAPLES & COOKING ESSENTIALS MARKET OVERVIEW (2016-2028)
TABLE 013. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 014. ONLINE GROCERY MARKET BY DELIVERY TYPE
TABLE 015. HOME DELIVERY MARKET OVERVIEW (2016-2028)
TABLE 016. CLICK & COLLECT MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA ONLINE GROCERY MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA ONLINE GROCERY MARKET, BY DELIVERY TYPE (2016-2028)
TABLE 019. N ONLINE GROCERY MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE ONLINE GROCERY MARKET, BY TYPE (2016-2028)
TABLE 021. EUROPE ONLINE GROCERY MARKET, BY DELIVERY TYPE (2016-2028)
TABLE 022. ONLINE GROCERY MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC ONLINE GROCERY MARKET, BY TYPE (2016-2028)
TABLE 024. ASIA PACIFIC ONLINE GROCERY MARKET, BY DELIVERY TYPE (2016-2028)
TABLE 025. ONLINE GROCERY MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA ONLINE GROCERY MARKET, BY TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA ONLINE GROCERY MARKET, BY DELIVERY TYPE (2016-2028)
TABLE 028. ONLINE GROCERY MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA ONLINE GROCERY MARKET, BY TYPE (2016-2028)
TABLE 030. SOUTH AMERICA ONLINE GROCERY MARKET, BY DELIVERY TYPE (2016-2028)
TABLE 031. ONLINE GROCERY MARKET, BY COUNTRY (2016-2028)
TABLE 032. NETGROCER COM INC.: SNAPSHOT
TABLE 033. NETGROCER COM INC.: BUSINESS PERFORMANCE
TABLE 034. NETGROCER COM INC.: PRODUCT PORTFOLIO
TABLE 035. NETGROCER COM INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. GROFERS INDIA PVT LTD.: SNAPSHOT
TABLE 036. GROFERS INDIA PVT LTD.: BUSINESS PERFORMANCE
TABLE 037. GROFERS INDIA PVT LTD.: PRODUCT PORTFOLIO
TABLE 038. GROFERS INDIA PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. AEON CO: SNAPSHOT
TABLE 039. AEON CO: BUSINESS PERFORMANCE
TABLE 040. AEON CO: PRODUCT PORTFOLIO
TABLE 041. AEON CO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. AMAZON INDIA PVT LTD.: SNAPSHOT
TABLE 042. AMAZON INDIA PVT LTD.: BUSINESS PERFORMANCE
TABLE 043. AMAZON INDIA PVT LTD.: PRODUCT PORTFOLIO
TABLE 044. AMAZON INDIA PVT LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. KONINKLIJKE AHOLD DELHAIZE N.V.: SNAPSHOT
TABLE 045. KONINKLIJKE AHOLD DELHAIZE N.V.: BUSINESS PERFORMANCE
TABLE 046. KONINKLIJKE AHOLD DELHAIZE N.V.: PRODUCT PORTFOLIO
TABLE 047. KONINKLIJKE AHOLD DELHAIZE N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. FRESH DIRECT LLC.: SNAPSHOT
TABLE 048. FRESH DIRECT LLC.: BUSINESS PERFORMANCE
TABLE 049. FRESH DIRECT LLC.: PRODUCT PORTFOLIO
TABLE 050. FRESH DIRECT LLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. SCHWAN FOOD COMPANY: SNAPSHOT
TABLE 051. SCHWAN FOOD COMPANY: BUSINESS PERFORMANCE
TABLE 052. SCHWAN FOOD COMPANY: PRODUCT PORTFOLIO
TABLE 053. SCHWAN FOOD COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. MY BRANDS INC.: SNAPSHOT
TABLE 054. MY BRANDS INC.: BUSINESS PERFORMANCE
TABLE 055. MY BRANDS INC.: PRODUCT PORTFOLIO
TABLE 056. MY BRANDS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. INSTACART: SNAPSHOT
TABLE 057. INSTACART: BUSINESS PERFORMANCE
TABLE 058. INSTACART: PRODUCT PORTFOLIO
TABLE 059. INSTACART: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. WAL-MART STORES: SNAPSHOT
TABLE 060. WAL-MART STORES: BUSINESS PERFORMANCE
TABLE 061. WAL-MART STORES: PRODUCT PORTFOLIO
TABLE 062. WAL-MART STORES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 063. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 064. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 065. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ONLINE GROCERY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ONLINE GROCERY MARKET OVERVIEW BY TYPE
FIGURE 012. FRESH PRODUCE MARKET OVERVIEW (2016-2028)
FIGURE 013. BREAKFAST & DAIRY MARKET OVERVIEW (2016-2028)
FIGURE 014. SNACKS & BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 015. MEAT & SEAFOOD MARKET OVERVIEW (2016-2028)
FIGURE 016. STAPLES & COOKING ESSENTIALS MARKET OVERVIEW (2016-2028)
FIGURE 017. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 018. ONLINE GROCERY MARKET OVERVIEW BY DELIVERY TYPE
FIGURE 019. HOME DELIVERY MARKET OVERVIEW (2016-2028)
FIGURE 020. CLICK & COLLECT MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA ONLINE GROCERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE ONLINE GROCERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC ONLINE GROCERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA ONLINE GROCERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA ONLINE GROCERY MARKET OVERVIEW BY COUNTRY (2016-2028)