Online Grocery Market Size, Share, Sales Statistics, Growth Drivers, Challenges, Business Strategies, Key Players & Global Industry Analysis By Company Type (Brand, Retail Chain, Pure & Hybrid Marketplace) By E-Commerce Option & By Category With Regional Outlook For Forecast Period 2016-2024

Date : Jun 2019

Formats :
Report Code : PMR283943715

Category : Consumer Goods and Services
No Of Pages : 245
Global Online Grocery Market
Market Overview
We are residing in connected commerce era where consumers are not entirely into online or in-store shopping category; rather they are taking blended approach i.e. choosing according to their needs. Adoption of intersecting point of physical and virtual world and leveraging technology to satisfy customers is success mantra in retailers and manufacturers. Online grocery shopping trend is driven in different parts on the basis of maturation of the digital native: Millennial and Generation Z. Although the overwhelming majority of grocery shopping currently takes place in brick and mortar/physical stores, this pattern will change in the upcoming years, as grocery e-commerce is poised to boom over the forecast period.

Amazon’s disruptive approach to grocery includes a click-and-collect offering where customers can pick up online grocery orders within a 15-minute to 2-hour time window. In addition, the e-commerce giant offers Amazon Go’s checkout-free grocery shopping and Amazon Prime’s e-commerce membership platform, which includes private label groceries.

Online Grocery Market Segmentation
By Company Type
Pure Marketplace Grofers, Big Basket
Hybrid Marketplace Amazon
Brand Godrej
Retail Chain Wal-Mart
By E-Commerce Option
Online Order for Home Delivery
Virtual Supermarket
Online Order and Pick-up Inside the Store
By Category
Personal Care Products
Household Products
Food & Beverage Products
By Geography
North America US, Canada {Market Share % , Market Size USD Billion , Adoption Rate % }
Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Billion , Adoption Rate % }
Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Billion , Adoption Rate % }
Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Billion , Adoption Rate % }
Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Billion , Adoption Rate % }
Rest of the World {Market Share % , Market Size USD Billion , Adoption Rate % }
Online Grocery Market Growth Drivers and Challenges
Digital enablement options like discount coupons, extended ranges of product, convenient payment gateways, door-step delivery, access to detailed product information, retailer loyalty program apps, products with a steady consumption rate and long shelf life are well suited to online purchasing, online automatic subscription and seasonal gifting are bolstering the global online grocery market.

However, convenience is paramount in urgency, spoilage concern for perishable products and lack of inspection feature hinders the growth of online grocery market.

Online Grocery Market Size, Share, Sales Statistics and Forecast 2016-2024
According to Goldstein Research, global online grocery market is expected to grow at the considerable CAGR of 19.5% over the forecast period. In 2016, eCommerce retail sales account for 15% of all retails sales globally. This accumulates to a total of USD 2.24 trillion of revenue in 2016, up from USD 1.99 trillion in 2015. It is predicted that this growth will continue to increase with an estimated revenue value of USD 5 trillion by 2024 in global retail eCommerce market.

On the basis of category, personal care product dominates the market owing to the competitive advantage on cross-selling, offers, and discounts, bundling prices and brand differentiation while online order for home delivery is the largest segment of eCommerce option.

Geographically, the top market for grocery e-commerce is South Korea, where online sales account for 16% of the fast-moving consumer goods FMCG market followed by Japan 7.8% , the UK 7% , France 5.5% , Taiwan 5% , China 4.5% , Czech Republic 2% , Spain and the Netherland 1.5% and US 1.4% .

Business Strategies
Consideration of channels holistically, as online and in-store are fundamentally different channels while laying down the plan/strategy, retailers need to consider the entire retail landscape and respect the differences between the two channels. In addition, before implementing multi-channel strategy know the target audience first by prioritizing initiatives and investments. Change in the wide industry needs to be recognized time to time by adapting marketing, merchandising, distribution, and operations models for the new retail landscape. By establishing credibility with the online hesitant customers during the interaction about their concerns in term of product quality and other specifics is one of the key strategies for eCommerce success along with experimentation with formats and features that boost basket size while adding value for customers can be extremely daunting.

Tech-savvy consumers can easily detect whether an application or device adds value to their lives. Those that make their lives better will be kept, while those that do not will be discarded therefore adding value through digital medium. Attributes like prices, product quality, convenience, promotions, app management and efficient customer care services are store switching drivers. Time saving option has the strong appeal worldwide.

Key Market Players
o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

Costco Wholesale
Coles Supermarkets
Scope Background

Market Synopsis

Market Segmentation

Global Online Grocery Market is segmented as follows:

By Company Type Market Size, Demand Analysis and Growth Analysis
By E-commerce option Market Size, Demand Analysis and Growth Analysis
By Category Market Size, Demand Analysis and Growth Analysis
By end-user industry Market Size, Demand Analysis and Growth Analysis
Global Online Grocery market report covered insights of below mentioned regions:

North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments
Key Market Players

Business Strategy
Product Portfolio
SWOT Analysis
Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

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About Report

Planet Market Reports added Latest and detailed market study report that focuses on “Online Grocery Market" Which offers essential information based on fresh ideas into Online Grocery Market industry along with unique market analysis which covers current top Manufactures in Online Grocery Market, growth, Consumption Demand, challenges, Historical data, subjects wise Survey of each chapters, Regional Insights, and Advancing industry trends, which will help our clients to aim Online Grocery Market. In addition, the report helps the customers to get a brief idea about Future demand and specifications of products which ensures the driving long-term income and productivity of global market.