The rapid growth in e-commerce to drive the Market Growth – Technavio
NEW YORK, NY, November 17, 2023 /24-7PressRelease/ — The online grocery market is projected to increase by USD 740.88 billion between 2022 and 2027, and register a CAGR of 13.14%, according Technavio’s latest market research report estimates. The significant expansion of e-commerce stands as the primary driver of the global online grocery market’s growth. In addition to the surge in web-based retail services, there has been a notable rise in the adoption of app-based services commonly known as m-commerce. This growth in m-commerce is largely attributed to the widespread use of smartphones worldwide. Through mobile apps, consumers can conveniently shop from anywhere, even while on the move. Several prominent e-commerce and online retail entities, such as amazon.com, have transitioned from e-commerce to m-commerce platforms or operate across both mediums concurrently. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Buy the report now
Online Grocery Market 2023-2027: Segmentation
o Food Products
o Non-food Products
o One Time Customers
o North America
o South America
o Middle East And Africa
The food products segment is expected for significant market share growth during the forecast period. This segment of grocery food products significantly adds to the revenue generated from the retail sales of groceries, whether through offline or online channels. Items within the food product segment are consumed regularly and have shorter shelf lives compared to those in the non-food product segment. These elements are expected to drive market growth during the forecast period.
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Online Grocery Market 2023-2027: Company Analysis and Scope
Some of the major company of the online grocery market include Albertsons Companies Inc., Amazon.com Inc., Blink Commerce Pvt. Ltd., Bundl Technologies Pvt. Ltd., Coles Group Ltd., Costco Wholesale Corp., Flipkart Internet Pvt. Ltd., HOFER KG, Innovative Retail Concepts Pvt. Ltd., Koninklijke Ahold Delhaize NV, Ocado Group Plc, Rakuten Group Inc., Reliance Industries Ltd., Seven and i Holdings Co. Ltd., SPAR International, Target Corp., Tesco Plc, Transform Holdco LLC, Walmart Inc., and Woolworths Group Ltd. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 companies operating in the market. To leverage the current opportunities, companies must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the online grocery market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
• Online Grocery Market size
• Online Grocery Market trends
• Online Grocery Market industry analysis
The online grocery market is fragmented, and the degree of fragmentation will accelerate. The increased popularity and adoption of e-commerce platform will offer immense growth opportunities. However, the End-user perception of online grocery shopping will hamper the market growth.
Online Grocery Market 2023-2027: Key Highlights
• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist online grocery market growth during the next five years
• Estimation of the online grocery market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the online grocery market
• Analysis of the market’s competitive landscape and detailed information on companies
• Comprehensive details of factors that will challenge the growth of online grocery market companies
Download now to uncover successful business strategies deployed by Companies of online grocery market – Download Latest Free Sample Report in Minutes
Online Grocery Delivery Services Market: The demand for online delivery services market upsurging, the market is forecast to increase by USD 652.45 billion at a CAGR of 19.43% between 2022 and 2027.
Instant Grocery Market: The instant grocery market share is expected to increase to USD 123.85 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 16.88%.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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