The global Special Plastic Bags Industry can be by category (Meat & Poultry Products, Fresh Produce, Beverages & Dairy Products, Bakery, Breakfast & Cereal) and types of shopper (Generation Z, Millenials, Generation X, Baby Boomers, Silent Generation)
The Online Grocery Shopping Market size revenue to reach $364.8 billion by 2027, growing with a CAGR of 24.8% during the forecast period of 2020 to 2027.
Online grocery vertices have taken the lead in terms of monetizing their convenience seeking consumers, by converting, 30-40% to the total consumer base to their subscription programs. The online grocery service is an evolving market. However, it is estimated to witness robust growth in the coming years. Nowadays, people opt for online grocery shopping as it is convenient and offers a wide variety of products, which can be delivered to the consumer’s doorstep within the stipulated time. In addition, customers are able to keep track of their spending as well. Retailers in the market offer services such as click & collect option and subscription option to ease the consumers online grocery shopping experience. Hectic Schedules, increasing working population, and tedious commuting provide opportunities to business and entrepreneurs to set up online grocery stores. With the evolving technology and increasing penetration of internet services, there is rising awareness among consumers about the different shopping trends prevailing in society. Millennial and Generation Z are the most attractive consumer segments in the market. These are the most mot tech-savvy users and are ready to pay a premium to avail same-day delivery of products. The global online grocery market is segmented on the basis of category, type of shopper and geography. In terms of category, it comprises meat & poultry produce, fresh produce, beverages & dairy products and bakery, and breakfast & cereal. In the last few months, the Daily Essentials Category has grown rapidly within the online grocery market- accounting to 40% of all transactions. The growth has been a breakout and has seen a flurry of action from both players and investors. In a short span of time, the online meat delivery space has grown to multiple players strong and worth 40 million USD. the sector is dominated by super vertices like Licious and Zappfresh, which have been at the forefront in creating the market and changing the behaviour of the customer from offline buying to online buying Based on the type of shopper, it is divided into Generation Z. Millennial, generation X, Baby Boomers, and the Silent Generation. Geographically, it is analyzed, across North America, Europe, Asia-Pacific.
Online Grocery Shopping Market Segmentation Analysis
The global Special Plastic Bags Industry can be segmented by category (Meat & Poultry Products, Fresh Produce, Beverages & Dairy Products, Bakery, Breakfast & Cereal) and types of shopper (Generation Z, Millenials, Generation X, Baby Boomers, Silent Generation)
Online Grocery Shopping Market Growth ans Trends
Increase in people’s disposable income and their subsequent inclination towards comfort are key factors driving the market for online grocery shopping. Shopping grocery online is also increasing in popularity among consumers as a result of the rising preference for a convenient online shopping experience. Moreover, the outbreak of Covid-19 has resulted in a massive increase in the frequency of consumers purchasing grocery online for avoiding visits to departmental stores and reduce their social contact with other people. This has fuelled the online grocery shopping market by several notches. It is most likely to alter buying behaviour among consumers and positively impact the market in the long term. Therefore, the orientation towards online grocery shopping from traditional shopping to modernised and more convenient shopping methods is fuelling market growth. The number of online consumers is definitely going to rise due to developments in technology that have resulted in the adoption of online shopping platforms by retailers and people with rising disposable income in developing economies. Also, an increasing number of smartphone users is most likely to fuel the market growth further, because the ease of downloading apps on smartphones enables users to purchase products over mobile applications. Internet of Things is helpful in making retailers improve customer experience and manage the product stocks efficiently, and hence increasing adoption of Internet of Things by retailers on a worldwide basis is expected to boost the market growth. The convenience of doorstep delivery, even apart from the situation imposed by the pandemic, is much necessary for working professionals who rarely find the time to physically go and purchase grocery at a mall or departmental store. It saves a lot of time, thus effectively sustaining the market.
Lack of reliability regarding the freshness of products often restricts people from moving to online shopping of grocery.
Online Grocery Shopping Market Competition
Key companies operating in this industry are Amazon Fresh, LLC, Koninklijke Ahold Delhaize N.V., Fresh Direct, and LLC. mySupermarket Limited, NetGrocer.com, Inc., Wal-Mart Stores, Inc.Safeway, Inc, ShopFoodEx, Schwan Food Company, My Brands Inc.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Market Segmentation: The market has been segmented by type, application and region.
• Meat & Poultry Products
• Fresh Produce
• Beverages & Dairy Products
• Bakery, Breakfast & Cereal
BY TYPE OF SHOPPER
• Generation Z
• Generation X
• Baby Boomers
• Silent Generation
Country Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Online Grocery Shopping Market Companies
• Koninklijke Ahold Delhaize N.V.
• Fresh Direct, LLC.
• mySupermarket Limited
• NetGrocer.com, Inc.
• Wal-Mart Stores, Inc.
• Safeway, Inc
• Schwan Food Company
• My Brands Inc.
United States Online Grocery Shopping Industry Research Report
Europe Online Grocery Shopping Industry Research Report
Asia Pacific Online Grocery Shopping Industry Research Report
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