Size & statistics of the US digital grocery market
Digital grocery is expanding more quickly than in-store supermarket, eventually making up a bigger portion of total food purchases. Digital will account for 11.2% of the $1.32 trillion in US grocery sales this year, a share that is lower than that of digitally advanced retail categories but higher in absolute value terms due to the market’s size. Additionally, there is still a lot of space for growth given the low user penetration at present. With a 42.6% year-over-year rise in shoppers in 2020, it was a bonanza for individuals making their first grocery purchases online (YoY). It entered the mainstream as a result of the epidemic, so growth in the years that followed wasn’t as big and won’t be. The annual increase in customers of online groceries will be
Report Summary
India’s online grocery business, which was estimated to be worth USD 2.9 billion in 2020, is anticipated to increase at a CAGR of 37.1% from 2021 to 2028. The market has experienced tremendous growth over the past few months as a result of changing consumer lifestyles, increasing urbanisation, and the tech-savvy youth that favours online shopping. People are increasingly using customised and practical online platforms for food shopping rather than going to their local vendors as a result of growing disposable incomes and hectic lifestyles. Following the COVID-19 epidemic, the inclination for supermarket product delivery via the internet became more obvious. Consumers are focusing more on online food buying because to the social distancing criteria, which
Consumer preference has been shifting toward purchasing necessities online due to ongoing urbanisation, an increase in tech-savvy customers, and the unrelenting rise of e-commerce globally. Customers have been encouraged to explore using e-commerce platforms to purchase necessities because of the simplicity of ordering, ease of digital payments, enticing incentives, such discounts and cashback, and convenient and flexible delivery. As a result, compared to pre-pandemic levels, online grocery shopping penetration had tripled by 2020’s conclusion.
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Global Digital Grocery Market: Major Players
Walmart
FreshDirect
Carrefour
Kroger
Schwan Food
Tesco
Longo
Coles Online
BigBasket
Amazon
ALDI
Target
Alibaba
Honestbee
Global Digital Grocery Market: By Types
Packaged Foods
Fresh Foods
Global Digital Grocery Market: By Applications
Personal Shoppers
Business Customers
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Global Digital Grocery Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Digital Grocery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Product Type Information
With a market share of 33.9% in 2020, the staples and kitchen essentials sector led the industry. This sizeable portion is related to the frequent purchase of basic necessities like flour, food grains, and cooking needs like refined oil that are needed by many people. Rice, pulses, and lentils (dal) are regarded as staple foods in Indian homes. Consumers have been storing up on these necessities because they are worried that lockdown measures may be implemented at any time due to the pandemic. Over the projected period, the breakfast and dairy market is anticipated to develop at a rate of 37.6%. This can be ascribed to the rise in popularity of dairy goods including yoghurt, milk, and curd. These goods are essential for daily life for
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