Report Ocean has recently published the “India Online Grocery Market” Research Report 2023-2030, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2030.
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The online grocery market is expected to reach INR 1310.93 Billion by 2026, expanding at a CAGR of ~28.99% during the forecast period (2021-2026).
Online grocery shopping has become increasingly popular in India in recent years, driven by changes in lifestyle, rapid urbanization, and increased internet penetration in rural areas. The market grew significantly in 2020 and 2021, due to the COVID-19 pandemic and resulting lockdowns and social distancing measures.
The market is dominated by key players such as Spencers Retail Limited, Grofers India Private Limited, Supermarket Grocery Supplies Private Limited (BigBasket), and Amazon India Limited.
In 2020, online grocery sales registered a growth rate of about 60%, with the COVID-19 pandemic being a key driver. The pandemic compelled consumers, particularly those in urban areas, to turn to online platforms for daily grocery shopping in order to follow lockdown-related restrictions and maintain social distancing. The convenience of no contact delivery and the ability to make online payments also contributed to the growth of online grocery shopping during the pandemic.
The market is dynamic and both domestic and foreign players compete to expand their market share and presence. The market is segmented based on payment methods, type of products delivered, and regions. The online payment segment has grown immensely during the past two years and is expected to continue growing over the forecast period, due to the preference for online payments, high smartphone usage, and deep internet penetration. In 2020, south India held the largest share (34.6%) in terms of revenue and is expected to register the highest CAGR during the forecast period.
In 2020, the market witnessed significant changes due to the COVID-19 pandemic, resulting in sectoral consolidation and significant sales growth. Social distancing measures made consumers turn to online grocery shopping, which is considered convenient and safe amid the pandemic. Several exporters and processors plan to increase their presence in the online business during the forecast period, as this marketing channel has become more streamlined than offline retail. Multiple surveys conducted between last year and this year have shown that people preferred online shopping due to easy access to products, flexibility, and timeliness. These are expected to be the driving factors even after the pandemic.
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The report addresses the following key questions regarding the India Online Grocery market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Online Grocery in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Online Grocery market?
- What is the market share of the top 5 players in the India Online Grocery market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Online Grocery market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Online Grocery market?
- What are the challenges related to the supply chain and logistics that India Online Grocery market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Online Grocery market?
- What are the potential risks and uncertainties associated with investing in the India Online Grocery market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Online Grocery market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Online Grocery market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Online Grocery market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Online Grocery business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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