Online Grocery Market Report by Products (Ready-to-eat Breakfast & Dairy, Staples & Cooking Essentials, Snacks & Beverages, Meat & Seafood, Fresh Produce, Others), Purchaser Type (Ready-to-eat Subscription Purchase, One Time Purchase), Delivery Type (Ready-to-eat Click & Collect, Home Delivery), Payment Mode (Online, Cash on Delivery), Regions and Company Analysis 2024-2032

Online Grocery Market Analysis

Global Online Grocery Market was US$ 492.22 Billion in 2023 and anticipated to surpass US$ 2,984.27 Billion by 2032. It is expected to expand at a CAGR of 22.17% from 2024 to 2032, according to Renub Research.

The online grocery industry is a digital platform in which buyers can buy diverse food and household products online. This digital market gives comfort, a wide product selection, and time saving advantages to consumers. The online grocery industry has witnessed numerous latest trends that are focused on enhancing online grocery delivery offerings. in March 2023, Amazon.Com has teams up with Rite Aid to offer 2-hour delivery to Prime members for cosmetics and groceries essentials.

Online Grocery Market Survey

    Today, there are more than 26 million e-commerce websites in the world, and more are being created every day.

    87% of consumers recommended using their mobile devices to do online grocery shopping.

    A recent study found that 51% of young people would consider switching brands if they were given flawless digital services.

    72% of consumers choose to purchase for groceries online due to its convenience.

    87.2% of Americans who are 15 years of age or older in 2022 said they usually shop for groceries in person or online. 19.3% of them have purchased groceries online in the next 30 days.

    Online grocery shopping has a bright future ahead of it, according to a PWC document that projects a massive increase in the European industry by 2050. Online grocery shopping is expected to account for between 35% and 50% of the market in countries including Germany, France, the UK, Turkey, and the Netherlands, according to PWC's estimate.

    More than half of Chinese online shoppers will use smartphones by 2024.

    From 9.0% in 2018 to 19.0% in 2021, more people in China purchased groceries online. By 2025, this percentage is predicted to reach over 30%.

    India's e-retail customers are predicted to number between 230 and 250 million by 2023, with an additional 100 million expected in the last three years. One-third of Gen Z customers are online, and 70% of them reside in Tier 2+ locations. Approximately one-third of internet users come from low-earnings or low-center-income families.

Recent Merger & Acquisition in Online Grocery Market  

• In July 2023, Swiggy joined the retail food and grocery business by acquiring LYNK Logistics Ltd.
• In July and October of 2023, Kering successfully acquired Creed and bought a 30% stake in Valentino.
• Aldi purchased Winn-Dixie and Harveys Supermarket in 2023.
• L'Oreal announced in April 2023 that it was acquiring Aēsop.
• Getir purchased FreshDirect from Ahold Delhaize USA in 2023.
• Price Chopper acquired five former ShopRite locations in New York in 2023.
• Mid-Missourian grocery store Moser's Foods was purchased by PFSbrands in 2023.
• A merger between Foxtrot and Dom's was announced in 2023.
• The three-store Wisconsin grocer Metcalfe's Market was purchased by SpartanNash in April of 2024.
• When Kroger Co. and Albertsons Cos. announced their merger in October 2022, a number of parties, including lawmakers, national unions, and industry participants, expressed concerns.

India Online Grocery Market

With 500–600 million online shoppers, India is expected to have the second-largest global online consumer base by 2030. The expansion of the e-commerce sector, rising smartphone internet penetration, and the advantages of online purchasing have all contributed to the booming Indian online grocery market. Online food businesses are expanding into Tier-II cities as a result of growing earnings and urbanization. The difficulty of locating substantial property within towns and the evolution of working circumstances gave rise to the demand for online grocery stores. According to the text, by 2025, almost 87% of Indian families would have access to the internet, with mobile internet usage growing by 21% from 2019 to 2025.

•    BigBasket acquired $300M in investment from Alibaba in 2022, valuing the corporation at round $950M.

Global Online Grocery Company Analysis

Online grocery market has vital market players such as Tesco Plc., Walmart Inc., Auchan SA, Kroger Co., Carrefour, Costco Wholesale Corporation, Koninklijke Ahold Delhaize N.V., and Target Corporation.

Global Online Grocery Company News

• To help independent and regional stores compete with larger groceries and provide e-trade services to clients, Stor.Ai and Mercatus Technologies merged in January 2024.
• Ahold Delhaize USA will sell FreshDirect to Getir, a leader in lightning-fast supermarket delivery, in November 2023. The decision was made to focus on investments across all channels.
• As of October 2023, Kroger will take EBT payments for orders placed for digital pickup and shipping.
• Woolworths New Zealand will launch the MILKRUN app in July 2023 and provide over 10,000 supermarket goods. The retailer, which moved from Countdown to Woolworths New Zealand, is dedicated to offering fantastic supermarket ratings.
• To provide quicker grocery delivery, Sainsbury's and Eat Takeaway teamed in January 2023.

Products – Market breakup in 6 viewpoints:

1.    Ready-to-eat Breakfast & Dairy
2.    Staples & Cooking Essentials
3.    Snacks & Beverages
4.    Meat & Seafood
5.    Fresh Produce
6.    Others

Purchaser Type – Market breakup in 2 viewpoints:

1.    Ready-to-eat Subscription Purchase
2.    One Time Purchase

Delivery Type – Market breakup in 2 viewpoints:

1.    Ready-to-eat Click & Collect
2.    Home Delivery

Payment Mode – Market breakup in 2 viewpoints:

1.    Online
2.    Cash on Delivery

Country – Market breakup of 25 Countries:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherland
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Tesco Plc.
2.    Walmart Inc.
3.    Auchan SA
4.    The Kroger Co.
5.    Carrefour
6.    Costco Wholesale Corporation
7.    Koninklijke Ahold Delhaize N.V.
8.    Target Corporation

Report Details: