E-Grocery Market are Leveraging Demand for Meal Kit Disruptive Trend
The increasing population, internet service penetration, working population, and hectic schedules are the major key factors that are driving the e-grocery market. The global e-grocery market was valued at $29.57 billion in 2018. According to IndustryARC analysts, the demand for online groceries is estimated to grow at an outstanding compound annual growth rate (CAGR) of 41.24% during the forecast period 2019-- 2025.
business intelligence report titled “
E-Grocery Market: By Product Type (Food
Products and Beverage, Beverages, Cosmetics & Personal Care, Baby Care,
Stationery, Households); By Demography (Age, Gender) & By Geography – Forecast
(2019 - 2025),” states that millennials and the Generation Z are t tech-savvy and
are ready to pay a premium fee to avail all the services such as same-day
delivery. Hence, they are the most suitable target audience for the consumers
segment in the market.
E-Grocery Market: Leading Segments
North America held the largest share of the global e-grocery market in 2018. In recent times, the meal-kit services have gained traction in the U.S. owing to the huge demand from the consumers in the market. Furthermore, due to the hectic schedule and harsh work-life balance, the North Americans are more dependent on online services. North America held 61.40% share of the global e-grocery market in 2018, which was more than half of the total contribution by the rest of the world (RoW).
The key application segment cited by IndustryARC analysts is the Staple Pantry Items segment. The segment is projected to grow at a CAGR of 37.40% during the forecast period.
E-Grocery Market: Market Trends and Growth Drivers
Meal kit services are convenient and can be customized easily as per the need. This has gained a lot of traction in the U.S. The ingredients are delivered at home with the cooking instructions. The companies involved even try to offer organic food products.
Online Grocery Platform
Amazon is now one of the leaders in the e-commerce sector. Since it is a well-known brand in the market, people are more dependent on this. Amazon’s launch of Pantry and Amazon Fresh has raised the overall value of the e-grocery market in countries such as India. Furthermore, Alibaba Group Holdings Ltd and SoftBank Group Corp are looking forward to collaborate with Amazon.
Albertsons is joining hands with Takeoff Technologies to pilot a new micro-fulfillment center at one of its centers, Using Takeoff’s Artificial Intelligence-enabled technologies with conveyor belts will enable the transportation of grocery items.
Companies are focusing
on voice ordering and assistant technology to make it simpler for the consumers
to order groceries. For instance, Walmart and Kroger have already introduced
Google Assistant Voice-Enabled shopping.
E-groceries Market: Competitive
Some of the key companies identified in the report that are currently holding majority share in the global e-grocery market are ShopFoodEx, Schwan Food Company, My Brands Inc, mySupermarket Limited, NetGrocer.com, Inc., Walmart Stores, Inc., Safeway, Inc., Supermarket Grocery Supplies Pvt. Ltd., AmazonFresh, LLC, Koninklijke Ahold Delhaize N.V., and Fresh Direct, LLC.
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Meal Kits (Oven Ready) Market
Vitamins and Nutrition Supplement Market
What can you expect from the report?
The e-grocery market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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