Global Online Grocery market will reach 103828.51 million US$ by the end of 2024

Publisher: QYResearch

Published Date: 2019/8/21

The Global Online Grocery market size was 34517.5 million USD in 2018 and it is estimated to reach 103828.51 million USD by the end of 2024, with a CAGR of 24.64% from 2018 to 2024.The major drivers of the Online Grocery market include the impact of e-commerce and people’s increasing disposable income, as well as the busy life styles.

Based on regions, North America and Europe is holding the largest market share for Online Grocery market, due to developed economy, large amount of supermarket chains, and advance technological level. In 2018, total USA Online Grocery Market Size is estimated to be 7379 Million USD, the market is expected to grow at a CAGR of 23.1% in forecast period. Total Europe Online Grocery Market Size is estimated to be 11243 Million USD, growing at a CAGR of 23.44% from 2014. Asia Pacific is expected to be the largest market in 2024, with fast-growing China, Japan, Korea, Australia, India and Southeast Asia countries.

Walmart, Amazon, Kroger, FreshDirect and Target are Top 5 Online Grocery service providers in Global market. The global Online Grocery market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Other prominent players in the market include Tesco, Alibaba, Carrefour, ALDI, Coles Online, BigBasket, Longo, Schwan Food, Honestbee, etc.

Based on end uses, the market is segmented into Personal Shoppers and Business Customers. In 2018, Personal Shoppers occupied the largest market share, 70.05%, which is also expected to grow at a higher rate as compared to the Business Customers segment during the forecast period.

Based on product category, the market is segmented into Packaged Foods and Fresh Foods. Packaged Foods is taking the most market percentage in 2018, with over 72.40% market share.

Each of the Major Online Grocery participants has its own mature sales networks. Through their authorized distributors or their partners, Online Grocery companies keep keen on expanding their Online Grocery sales. To achieve better sales businesses, Online Grocery providers usually invest on their marketing channel every year.

Click to view the full report: https://www.qyresearch.com/index/detail/659863/global-online-grocery-market

This article was first released by QYResearch, if reproduced, please indicate the source.

Telephone number:020-86655165

Contact:press@qyresearch.com

When contacting, please refer to QYR company's Mia introduction.