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E-Grocery Market are Leveraging Demand for Meal Kit Disruptive Trend

Published By: IndustryARC Published On : 17-May-2019

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.

IndustryARC’s recent 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

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.

·         

Amazon’s Online Grocery Platform 

[1]

 

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.

·         

E-Groceries Using Alphabots

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.

·         

Voice-First Strategy

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 Landscape

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.

Talk to one of our sales representatives about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=15478

Related Reports:

Meal Kits (Oven Ready) Market

https://industryarc.com/Report/17960/meal-kits-oven-ready-market.html

Vitamins and Nutrition Supplement Market

https://industryarc.com/Report/231/Vitamins-and-Nutrition-supplements-Market-report.html

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

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response:

 Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end user industry chapter

2. Increase the number of countries in the geography chapter

3. Find out market shares for other smaller companies or companies that are of interest to you

4. Company profiles can be requested based on your interest

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment

Any other custom requirements can be discussed with our team. Drop an e-mail to [email protected]  to learn more about our consulting services.

To request for a proposal, provide your details in the link below:

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Mr. Venkat Reddy

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About IndustryARC:

 IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life Sciences and Healthcare.


 [1]https://www.fortuneindia.com/bengaluru-buzz/online-grocery-segment-the-next-battleground-for-supremacy/102486

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