Online Grocery Shopping Market size was valued at USD 348.15 billion in 2022 and the total Online Grocery Shopping Market revenue is expected to grow at a CAGR of 25.23 % from 2023 to 2029, reaching nearly USD 1681.61 billion.

Online Grocery Shopping Market Scope and Research Methodology

This Online Grocery Shopping Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry's growth.

The top-down and bottom-up approaches are used to validate and estimate market size by segment. Online Grocery Shopping Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.

Online Grocery Shopping Market Drivers :

The Online Grocery Shopping Market is experiencing significant growth driven by a confluence of factors. Consumer behavior has shifted towards more convenient and safe shopping experiences, especially in the wake of the COVID-19 pandemic. The ability to purchase groceries from the comfort of one's home and have them delivered at a preferred time has become increasingly attractive. This convenience is further amplified by the competitive landscape, with both traditional offline retailers and new entrants vying for a share of the online market space.

The proliferation of the Internet and affordable data plans has expanded Internet accessibility, enabling a broader customer base to engage in online shopping. The elimination of costs associated with physical stores, such as rent and maintenance, makes online grocery businesses more economical to establish. Geographical barriers are also surmounted, as online stores can reach a wider area with an efficient supply chain. The availability of round-the-clock operations caters to diverse consumer lifestyles. Trust in online platforms, improved hygiene practices, and contactless delivery options have allayed concerns regarding food safety. Consumer confidence in purchasing perishable items online has surged.

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Online Grocery Shopping Market Segmentation Analysis:

Based on Formulation, the Tablets Supplements segment held the largest market share of  the Market in 2023. According to the MMR analysis,  It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.

by Product Type

Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others

by Payment Method

Online
Offline (Cash on Delivery)

by End User

Individual
Distributors
Others

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Key players include Online Grocery Shopping Industry :

1. AEON Co., Ltd.
2. Aldi
3. Alibaba Group
4. Amazon India Pvt. Ltd.
5. Avenue Supermarts Ltd.
6. Best Buy Co. Inc.
7. Blinkit (formerly Grofers)
8. Carrefore S.A.
9. Costco Wholesale Corporation
10. Edeka Group
11. Fresh Direct LLC
12. Godrej Nature's Basket Ltd.
13. Honestbee
14. Instacart
15. JD.com, Inc.
16. Natures Basket Limited.
17. Paytm E-Commerce Pvt. Ltd. (Paytm Mall)
18. Peapod LLC
19. Publix Super Markets Inc.
20. Rakuten
21. Reliance Retail Ltd. (Reliance Fresh)
22. Safeway Inc.
23. Spencer's Retail
24. Supermarket Grocery Supplies Pvt. Ltd. (Big Basket)
25. Target Corporation
26. Tesco PLC
27. The Kroger Co.
28. UrDoorstep eRetail Pvt. Ltd.
29. Walmart

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Key Questions Answered in the Online Grocery Shopping Market Report are:

• Which segment asserted the greatest market share in 2024 for Online Grocery Shopping ?
  • How does the competitive landscape unfold within the Online Grocery Shopping market?
  • What pivotal factors steer the growth trajectory of the Online Grocery Shopping market?
  • In the realm of the Online Grocery Shopping market, which region commands the most significant market share?
  • What is the anticipated Compound Annual Growth Rate (CAGR) for the Online Grocery Shopping market during the forecast period (2024-2030)?

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