Frozen foods followed by Fresh fruits and Vegetables are estimated to witness highest growth rate in Online Food Grocery Market

Date: 15 April 2020

According to a research report published by Azoth Analytics in March 2020, the Global Online Grocery Market was valued at USD 98386.8 million in the year 2018. Primarily, the growth in the market for Online Grocery will be chiefly supported by rise in disposable income of rising number of working individuals and their perception about comfort and convenience associated with the availability of groceries on online platform. In addition, enhancement in internet access, increase in the number of smart phone users are anticipated to pull the Global Online Grocery market growth during the forecast period.

Global Online Grocery market will be majorly driven by growing urbanization with presence of heavy population base and ever growing prevalence of Online Grocery in various countries across the world. Also, enhancement in broadband connections & number of tablet or smart phone users, particularly by Baby Boomers and Generation X, introduction of Omni channels by leading global retailers and manufacturers focusing on providing quality service, are anticipated to drive a remarkable growth in the market for Online Grocery during the coming years.

Moreover, Frozen foods followed by Fresh fruits and Vegetables are estimated to witness highest growth rate owing to rise in consumer confidence in this category due to easy availability and ready to prepare aspect. Introduction of click and collect stores and new retail methods by leading suppliers will be supplementing the Online Grocery market growth globally.

Furthermore, among the regions, Asia Pacific is anticipated to attain the highest market share with highest CAGR primarily due to presence of huge consumer base coupled with enhanced income spending on essentials including food and non-food items. Moreover, growing broadband connections and growing number of middle income class families are expected to boost the Online Grocery market growth globally during the coming years.

The Azoth Analytics research report on GlobalOnline Grocery Market  has analysed and segmented the Online Grocery Market by Value (USD Million). The report has further analysed the Online Grocery Market By Product Type (Fruits & Vegetables, Frozen foods, Meat, Fish & Poultry processing, Dairy Products, Beverages and Others) By Generation (Greatest Generation, Baby Boomers, Generation X, Millennials and Generation Z) and By Delivery Method (Home Delivery and Click and Collect). The Global Online Grocery Market has been analysed By Region and By Country (US, Canada, United Kingdom, Germany, Italy, Spain, China, Japan, South Korea and India) for the forecast period of 2020-2024.