The latest report on the India Online Grocery Market is an extensive research study spanning 100 pages, containing informative tables and figures. It covers the period from 2023 to 2030 and provides valuable insights into the market landscape.
The report offers a comprehensive examination of the India Online Grocery Market, including a detailed analysis of market segmentation based on types, applications, and countries. It explores the market dynamics with a specific focus on the latest trends, drivers, and opportunities influencing the industry.
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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).
Ordering groceries online has become prevalent in the past few years, owing to change in lifestyle, rapid urbanization, and increased internet penetration in rural parts of India. The online grocery market grew significantly in 2020 and 2021, when the COVID-19-induced lockdowns and social distancing norms compelled most Indian households to opt for online grocery shopping. Some of the key market players are Spencers Retail Limited, Grofers India Private Limited, Supermarket Grocery Supplies Private Limited (BigBasket), and Amazon India Limited.
Market insights:
In 2020, online grocery sales registered a growth rate of about 60%. One of the key reasons behind this growth is the COVID-19 pandemic. It compelled consumers, especially those in urban areas, to use online platforms for daily grocery shopping in order to follow lockdown-related restrictions and maintain social-distancing. Initiatives such as no contact delivery and the ability to make payments online made it convenient for consumers to buy groceries from online platforms during the pandemic. The online grocery market is dynamic and both, domestic and foreign players compete to expand their market share and presence.
Segment insights:
The market is segmented based on the payment methods and type of products delivered through the medium and regions. The online payment segment has grown immensely during the past two years and is expected to grow over the forecast period (2021 2026). This is due to the preference for online payments, high smartphone usage, and deep internet penetration. On the basis of regional segmentation, 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.
COVID-19 impact analysis:
In 2020, the market witnessed remarkable changes owing to COVID-19, resulting in sectorial consolidation and significant sales growth. The social distancing norms made consumers turn their focus toward online grocery shopping, considered convenient and safe amid the pandemic. Also, 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 were conducted between last year and this year. It was observed that people preferred online shopping because of easy access to products, flexibility, and timeliness. These are expected to be the driving factors even after the pandemic.
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Here is an overview of the chapters in the India Online Grocery Market Report:
Chapter 1: Scope of the report, research methodology, and relevant information regarding the report’s contents.
Chapter 2: Executive summary, including the India Online Grocery market size, sales and revenue, compound annual growth rate (CAGR), market size by region, type, and application. It also includes historical data from 2018 to 2023 and a forecast until 2030.
Chapter 3: Focuses on India Online Grocery sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4: Presents India Online Grocery sales and revenue by region and country, providing country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5-8: Delve deeper into the market, focusing on sales segments by country and type for each region, including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9: Analyzes current market trends, market forecasts, opportunities, and economic trends that may impact the future of the marketplace.
Chapter 10: Examines the manufacturing cost structure analysis of the market.
Chapter 11: Explores sales channels, distributors, and customers.
Chapter 12: Presents a world forecast review for geographic regions.
Chapter 13: Analyzes key players in the market.
Chapter 14: Provides research findings and a conclusion.
Key Points Covered in the Table of Contents:
Overview: Provides a concise summary of the report, offering a high-level understanding of the India Online Grocery Market and its contents.
Market Analysis: Accurate and reliable market share forecasts for key segments within the India Online Grocery Market. This analysis enables industry participants to strategically invest in significant growth areas.
Analysis of Leading Players’ Strategies: In-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and gain a competitive advantage in the India Online Grocery Market.
Regional Growth Analysis: Covers all major regions and countries relevant to the India Online Grocery Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing growth patterns across different regions.
Market Forecasts: Provides precise and validated estimations of the overall market size in terms of value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other factors related to the India Online Grocery Market.
Overall, the report offers valuable insights and enables industry participants to make informed decisions, capitalize on growth opportunities, and stay competitive in the India Online Grocery Market.
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