The increasing population, internet service penetration, working population, and hectic schedules are the major key factors that are driving the e-grocery market. The global e-grocery market was valued at $29.57 billion in 2018. According to IndustryARC analysts, the demand for online groceries is estimated to grow at an outstanding compound annual growth rate (CAGR) of 41.24% during the forecast period 2019– 2025.
IndustryARC’s recent business intelligence report titled “E-Grocery Market: By Product Type (Food Products and Beverage, Beverages, Cosmetics & Personal Care, Baby Care, Stationery, Households); By Demography (Age, Gender) & By Geography – Forecast (2019 – 2025),” states that millennials and Generation Z are t tech-savvy and are ready to pay a premium fee to avail all the services such as same-day delivery. Hence, they are the most suitable target audience for the consumer’s segment in the market.
E-Grocery Market: Leading Segments
North America held the largest share of the global e-grocery market in 2018. In recent times, the meal-kit services have gained traction in the U.S. owing to the huge demand from the consumers in the market. Furthermore, due to the hectic schedule and harsh work-life balance, North Americans are more dependent on online services. North America held 61.40% share of the global e-grocery market in 2018, which was more than half of the total contribution by the rest of the world (RoW).
The key application segment cited by IndustryARC analysts is the Staple Pantry Items segment. The segment is projected to grow at a CAGR of 37.40% during the forecast period.
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E-Grocery Market: Market Trends and Growth Drivers
· Meal Kit Services
Meal kit services are convenient and can be customized easily as per the need. This has gained a lot of traction in the U.S. The ingredients are delivered at home with the cooking instructions. The companies involved even try to offer organic food products.
· Amazon’s Online Grocery Platform
Amazon is now one of the leaders in the e-commerce sector. Since it is a well-known brand in the market, people are more dependent on this. Amazon’s launch of Pantry and Amazon Fresh has raised the overall value of the e-grocery market in countries such as India. Furthermore, Alibaba Group Holdings Ltd and SoftBank Group Corp are looking forward to collaborate with Amazon.
· E-Groceries Using Alphabots
Albertsons is joining hands with Takeoff Technologies to pilot a new micro-fulfillment center at one of its centers, Using Takeoff’s Artificial Intelligence-enabled technologies with conveyor belts will enable the transportation of grocery items.
· Voice-First Strategy
Companies are focusing on voice ordering and assistant technology to make it simpler for consumers to order groceries. For instance, Walmart and Kroger have already introduced Google Assistant Voice-Enabled shopping.
E-groceries Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority share in the global e-grocery market are ShopFoodEx, Schwan Food Company, My Brands Inc, mySupermarket Limited, NetGrocer.com, Inc., Walmart Stores, Inc., Safeway, Inc., Supermarket Grocery Supplies Pvt. Ltd., AmazonFresh, LLC, Koninklijke Ahold Delhaize N.V., and Fresh Direct, LLC.
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A. Meal Kits (Oven Ready) Market
B. Vitamins and Nutrition Supplement Market
What can you expect from the report?
The E-Grocery Market is Prepared with the Main Agenda to Cover the following 20 points:
1. E-Grocery Market Size by Product Categories & Application
2. E-Grocery Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. E-Grocery Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. E-Grocery Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. E-Grocery Market Strategic Analysis
18. E-Grocery Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. E-Grocery Market Revenue and Volume Analysis
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