Dublin, June 13, 2024 (GLOBE NEWSWIRE) — The “Online Grocery Market Report by Products, Purchaser, Delivery, Payment Mode, Regions and Company Analysis 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The Global Online Grocery Market was valued at US$ 492.22 billion in 2023 and is expected to reach US$ 2,984.27 billion by 2032. It is expected to grow at a CAGR of 22.17% from 2024 to 2032.
Recent Mergers & Acquisitions in Online Grocery Market
- In July 2023, Swiggy acquired LYNK Logistics Ltd entered the food and grocery retail market
- July & October 2023, Kering completed acquisitions of Creed & Purchase 30% Stake in Valentino
- In 2023, Aldi acquired Winn-Dixie and Harveys Supermarket
- April 2023, L’Oreal announced the acquisition of Aesop
- In 2023, Ahold Delhaize USA sold FreshDirect to Getir
- In 2023, Price Chopper d purchased 5 former New York ShopRite stores
- In 2023, PFSbrands acquired Moser’s Foods, a grocer in Mid-Missouri
- In 2023, Foxtrot and Dom’s announced a merger
- In April 2024, SpartanNash acquired Metcalfe’s Market, a three-store Wisconsin grocer
- In October 2022, Kroger Co. and Albertsons Cos. announced the merger, raising concerns from industry stakeholders, national unions, The Federal Trade Commission, and various lawmakers
India’s Online Grocery Market
By 2030, India is expected to have the second-largest online shopper base globally, with 500-600 million shoppers. The Indian online grocery market is booming, mainly due to the growth of the e-commerce industry, increasing mobile internet penetration, and the convenience of online shopping. Due to rising incomes and urbanization, online grocery stores are expanding to Tier-II cities. The need for online grocery stores arose due to changing working conditions and the challenge of finding extensive land within cities. The text states that by 2025, around 87% of Indian households will have internet access, with a 21% increase in mobile internet access compared to 2019.
BigBasket, India’s biggest online grocery, received US$ 300 Million in funding from Alibaba in 2022, valuing the company at around US$ 950 Million.
Global Online Grocery Company News:
- In January 2024 – Stor.ai and Mercatus Technologies merged to help independent and regional retailers offer e-commerce services to customers and compete with larger grocers.
- In November 2023 – Ahold Delhaize USA is selling FreshDirect to Getir, a leader in ultrafast grocery delivery. The decision was made to focus on omnichannel investments.
- In October 2023 – Kroger now accepts EBT payment for digital pickup and delivery orders.
- In July 2023 – Woolworths New Zealand now offers more than 10,000 grocery items through the MILKRUN app. The retailer is committed to providing excellent supermarket experiences and has transitioned from Countdown to Woolworths New Zealand.
- In January 2023 – Sainsbury’s partnered with Eat Takeaway for faster grocery delivery.
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 5 regions and 25 countries:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East & Africa
Company Analysis:
1. Tesco PLC
2. Walmart Inc.
3. Auchan S.A.
4. The Kroger Co.
5. Carrefour
6. Costco Wholesale Corporation
7. Koninklijke Ahold Delhaize N.V.
8. Target Corporation
All key players have been covered from 3 viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Key Attributes
| Report Attribute | Details |
| No. of Pages | 210 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $492.22 Billion |
| Forecasted Market Value (USD) by 2032 | $2,984.27 Billion |
| Compound Annual Growth Rate | 22.1% |
| Regions Covered | Global |
Online Grocery Market Survey
- There are currently over 26 million eCommerce websites across the globe, and new ones are being developed every day.
- 87% of customers reported using their mobile devices to shop for groceries online.
- According to a recent study, 51% of Millennials stated that they would consider switching brands if they were offered digital services without flaws.
- 72% of customers prefer online grocery shopping due to convenience.
- In 2022, 87.2% of US residents aged 15 or older usually shop for groceries online or in person. Of these, 19.3% have bought groceries online in the last 30 days.
- By 2024, over 50% of online purchases in China will be made using mobile devices.
- In China, digital grocery purchases increased from 9% in 2018 to 19% in 2021. This figure is predicted to reach almost 30% by 2025.
- By 2023, India’s e-retail shopper base is estimated to reach 230-250 million, with over 100 million added in the last three years. Seventy percent of online shoppers live in Tier 2+ cities, and one-third are Gen Z. About a third of online shoppers belong to low-income or low-middle-income groups.
For more information about this report visit https://www.researchandmarkets.com/r/7fpb01
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