E-Grocery Market Worth to cross USD 355.14 BN BY 2026
Posted On April 21, 2020
The Global E-Grocery Market revenue is valued closely at USD 37.36 BN in 2019 and is anticipated to grow at USD 355.14 BN by 2026 with a CAGR of 38.00% during the year 2020-2026 as per the report published by Value Market Research. The E-grocery is a niche market; however, it is predicted to witness robust growth in the future. Technological evolution, increase in netizens population and IoT, and rising consciousness among consumers about prevailing shopping trends of the society are the key drivers of the E-Grocery market. Also, strong value properties like affordable prices, cash back, discounts, cash on delivery facility and several delivery options contribute to market growth. The home quarantine and travel restrictions and other regulatory measures imposed by the government due to the COVID-19 outbreak have cultivated lucrative business prospects for e-grocery retailers, however, disruption in demand and supply chain and logistics are anticipated to be key challenges.
E-Grocery or electronic grocery refers to the process of ordering online with either in-store pickup or home delivery option to buy grocery items. Online ordering can be done via mobile apps and e-commerce websites. E-Grocery covers a wide range of products that includes fresh produce, bakery & dairy products, cereals, grains, oil, condiments, and more. The retailers operating in the e-grocery offer several services like store pickup, free home delivery, and subscription option to provide seamless shopping experience.
The report "Global E-Grocery Market Report By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global E-Grocery Market -
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Bazaar Cart, Big Basket, Amazon, Grofers, and Walmart.
Download the FREE SAMPLE of Global E-Grocery Market Research Report
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