Online Grocery Market Size
Market Outlook:
Online Grocery Market size surpassed USD 241.67 Billion in 2023 and is likely to exceed USD 2091 Billion by end of the year 2032, growing at over 27.1% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 241.67 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
27.1%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 2091 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
Asia Pacific
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:1. Increasing demand for convenience and time-saving options
2. Growing adoption of e-commerce and digital payment methods
3. Expansion of urban population and changing consumer lifestyles
4. Rising awareness about health and hygiene post-pandemic
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Product Type, Competitive Landscape |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | AEON,Alibaba.com, Amazon.com, Blinkit (formerly Grofers), Instacart, JD.com, Natures Basket Limited, Rakuten, Reliance Retail (Reliance Fresh), Supermarket Grocery Supplies Pvt.. (BigBasket), Target Brands, Tesco.com, The Kroger Co., Walmart |
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1. Limited access to high-quality and fresh produce for online delivery
2. Concerns about food safety and quality in online grocery purchases
3. Challenges in logistics and last-mile delivery, leading to delays and potential product damage.
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