Market Projections and Growth Trends (2022-2027)
(PRUnderground) December 6th, 2023
The online grocery market projected to witness a substantial USD 740.88 billion surge from 2022 to 2027, with a remarkable CAGR of 13.14%, according to Technavio’s cutting-edge market research report. The primary catalyst driving this growth is the expansive reach of e-commerce, further propelled by the surge in mobile commerce (m-commerce). The widespread use of smartphones globally has led to a significant uptick in m-commerce, allowing consumers to conveniently shop anytime, anywhere. Noteworthy players like amazon.com have transitioned seamlessly from e-commerce to m-commerce platforms, tapping into both mediums concurrently.
Technavio’s comprehensive reports, synthesized from multiple sources, focus on identifying key industry influencers, presenting a detailed study that encompasses the current market scenario, latest trends, drivers, and the overall market environment. Stay ahead of the curve with up-to-date analyses and insights to harness growth opportunities for your global business. Purchase the report now.
Online Grocery Market 2023-2027: Segmentation
- Food Products
- Non-food Products
- One Time Customers
- North America
- South America
- Middle East And Africa
Anticipate significant market share growth in the food products segment during the forecast period. This segment, comprising regularly consumed items with shorter shelf lives, substantially contributes to revenue generated from retail sales, be it offline or online. Dive deeper into the impact of each segment for informed business decisions. Download the sample report now.
Online Grocery Market 2023-2027: Company Analysis and Scope
Major players in the online grocery market, such as Amazon.com Inc., Costco Wholesale Corp., and Walmart Inc., among others, dominate the landscape. Technavio’s report analyzes around 25 companies, providing detailed insights to help businesses strengthen their market position. Leverage current opportunities, strengthen your foothold in fast-growing segments, and maintain positions in slower-growing segments with competitive intelligence, benchmarking, and strategic support. Access crucial areas such as market size, trends, and industry analysis.
The online grocery market, while fragmented, is set to accelerate in its degree of fragmentation. The popularity of e-commerce platforms presents immense growth opportunities, though end-user perceptions of online grocery shopping may pose challenges to market growth.
Online Grocery Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors driving online grocery market growth
- Estimation of market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- Comprehensive analysis of the market’s competitive landscape and company details
- Factors challenging the growth of online grocery market companies
Unlock successful business strategies deployed by online grocery market companies. Download the latest free sample report in minutes to stay informed and stay ahead.
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Original Press Release.