The latest online grocery delivery services market report by Technavio infers that the increased popularity and adoption of e-commerce platforms is driving this market’s growth, resulting in market growth of USD 800.00 billion from 2020 to 2025.
The online grocery delivery services market covers the following areas:
Online Grocery Delivery Services Market Sizing
Online Grocery Delivery Services Market Forecast
Online Grocery Delivery Services Market Analysis
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying growth strategies such as forming strategic partnerships to compete in the market. Albertsons Companies Inc., Alibaba Group Holding Ltd., Amazon.com Inc., Ebates Performance Marketing Inc., Ocado Retail Ltd., SPAR International, Target Corp., Tesco Plc, and Walmart Inc., among others., are some of the few key vendors competing to maintain their market position in the market.
View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
- Segmentation by End-user:
- Individuals:
- The individuals segment contributed largely to the overall market growth in 2020.
- Others
- Individuals:
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Regional Market Outlook
APAC will contribute to 55% of the market growth during the forecast period. The growth of this region can be attributed to the rising income level, westernization of buying habits, and rising awareness about online grocery shopping. If we look at the country-wise market growth, China and Japan will contribute the highest market growth.
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Latest Trends and Drivers in the Online Grocery Delivery Services Market
- Market Driver:
- Increased popularity and adoption of e-commerce platforms
The increased popularity and adoption of e-commerce platforms are some of the key factors driving the growth of the online grocery delivery services market. The growing internet penetration globally has enabled consumers to gain access to online retail platforms and promoted the omnichannel model of shopping. This, in turn, has increased the popularity and adoption of e-commerce platforms. The high availability of labor and low labor cost are other factors that have fueled the growth of e-commerce in developing regions.
- Market Trend:
- Growth in demand for functional foods and beverages:
The demand for functional foods and beverages is growing rapidly among consumers worldwide. This rising need for and aspiration of customers regarding functional food is further driving its demand across the world. As functional foods and beverages are not readily available in brick-and-mortar stores, consumers buy them online. Vendors of functional foods and beverages market their products with the help of effective labeling and product formulation.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
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