Global E-Grocery Market: By Product Type (Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials and Others); By Payment Channel (Online and Offline); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Purchasing fresh and packaged food through online portals is referred to as online grocery. Thanks to the easy availability of items through supermarkets and online channels, grocery shopping approaches have evolved. Although the online grocery service is a niche market, it is expected to expand rapidly in the coming years. People nowadays tend to shop for groceries online because it is easy and provides a wide range of items that can be shipped to their doorstep within a certain period of time. Bakery and dairy products, cereals, vegetables, and fruits are only a few of the things available in an online grocery store. To make online grocery shopping easier for customers, retailers in this market offer services like click-and-collect and subscriptions.
Market Highlights
Global E-Grocery is expected to project a notable CAGR of 24.9% in 2030.
Global E-Grocery to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 24.9 % in the coming years, i.e., 2021-30. This growth is anticipated owing to the increasing availability of high-speed internet and greater adaptability. Besides, lower data rates and a rise in digital payments are also boosting the market growth. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global E-Grocery industry.
Global E-Grocery: Segments
Staples & cooking essentials segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by product type into Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, and Others. Staples & cooking essentials segment held the largest market share of XX.X% in the year 2020. The constant shopping of staples such as flours, food grains, and cooking necessities such as refined oil, which are basic requirements for many, is responsible for this substantial share. Lentils (dal), pulses, and rice are staple foods in Indian households. Consumers have been stocking up on these necessities as a result of the pandemic, worrying that they may face lockdown regulations at any moment.
Online segment to grow with the highest CAGR during 2020-30
Global E-Grocery is segmented by payment channel into online and offline. Over the forecast period, the online payment channel is projected to expand at the fastest pace. The increasing preference for online payments is credited with the segment's rise. Cash and bank transfer payments were less common among Indian online customers. People are now avoiding physical contact to a greater degree as a result of COVID-19. Consumers are increasingly using online payment methods such as net banking, debit/credit cards, and the Centralized Payment Interface to prevent the spread of disease (UPI).
Market Dynamics
Drivers
Availability of high speed internet and greater adaptability
Surging demand for E-Grocery from numerous end-user industries is the key factor contributing to the market growth. Businesses and entrepreneurs are setting up online grocery stores as a result of frantic schedules, a growing working population, and boring commuting. With the advent of technology and the widespread availability of internet services, consumers are becoming more aware of the numerous shopping patterns that occur in society. The most desirable customer groups in the industry are Millennials and Generation Z. These are the most tech-savvy consumers who are willing to pay a premium for same-day product delivery. With the government supporting a digital economy platform and digital literacy, India's online grocery market is expected to see even more growth. Consumers in Tier-I cities such as Bangalore, Chennai, Mumbai, and Delhi, who are more adaptable to online shopping due to the availability of high-speed internet, greater adaptability to mobile devices, and logistical simplicity, are expected to drive the industry
Lower data rates and rise in digital payments
The industry is also expected to benefit from lower data rates and the availability of more affordable smartphones. Increased internet penetration and the rise of digital payment have also contributed to the market's growth. The ever-increasing internet penetration in India, as well as an increase in digital literacy, is propelling the online grocery market in the region. Consumers now prefer an omnichannel shopping experience, thanks to the increasing availability of smartphones and low data costs. The government is increasingly releasing details, and as a result, concerns about the supply chain and workforce are decreasing. As a result of factors such as comfort, smart shopping, and hygiene issues, customers tend to shop for groceries online.
Restraint
Trust issues regarding the freshness of food
Concerns about the freshness of fruits and vegetables, as well as high delivery fees, pose a challenge to market development of the E-Grocery.
Global E-Grocery: Key Players
Koninklijke Ahold Delhaize N.V.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Fresh Direct, LLC.
mySupermarket Limited
NetGrocer.com, Inc.
Wal-Mart Stores, Inc.
Safeway, Inc.
ShopFoodEx
Schwan Food Company
My Brands Inc.
Other Prominent Players
Global E-Grocery: Regions
Global E-Grocery is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global E-Grocery in Asia Pacific held the largest market share of XX.X% in the year 2020 in terms of revenue. This increase can be attributed to government initiatives in India and China to encourage digitalization and e-commerce in their respective countries. Furthermore, the region's business growth would be aided by the region's increasing middle-class population, improved internet connectivity, and improved logistic network. To gain a competitive edge, businesses distinguish their products in terms of offerings, size, content, packaging, and design. Companies are now using digital and social media ads to warn customers of new product releases. The product demand is being driven by a rise in understanding of best suits as use, changes in working millennial' lifestyles, increased income to invest in best available goods and an obsession with maintaining a well-groomed structure. Consumers are likely to spend money on new goods in the near future.
Global E-Grocery is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global E-Grocery report also contains analysis on:
E-Grocery Segments:
By Product Type
Fresh Produce
Breakfast & Dairy
Snacks & Beverages
Meat & Seafood
Staples & Cooking Essentials
Others
By Payment Channel
Online
Offline
E-Grocery Dynamics
E-Grocery Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global E-Grocery Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global E-Grocery Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global E-Grocery Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global E-Grocery Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type: Market Share (2020-2030F)
12.2.1. Fresh produce, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Breakfast and dairy, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Snacks & beverages, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Meat & seafood, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Staples & cooking essentials, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Payment Channel: Market Share (2020-2030F)
12.3.1. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. Koninklijke Ahold Delhaize N.V.
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Fresh Direct, LLC.
13.3. mySupermarket Limited
13.4. NetGrocer.com, Inc.
13.5. Wal-Mart Stores, Inc.
13.6. afeway, Inc.
13.7. ShopFoodEx
13.8. Schwan Food Company
13.9. My Brands Inc.
13.10. Other Prominent Players
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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