The online grocery market is predicted to register a CAGR of 12.61% during the 2020 to 2026 forecast period. A market research report predicts US$2,81,841.4 million valuation of the market by 2026. The growth is anticipated to be supported by the growing demand from companies across many industries. Based on the report, the growing application areas will drive growth in the market in the coming years till 2026. However, the availability of alternative solutions will negatively affect the online grocery market’s growth. The easy availability of alternative products is anticipated to be another factor which could turn out to be a threat to companies during 2020 to 2026. The market report based on primary and secondary data reveals that product type segments will witness a healthy growth till 2026. While the surging usage across different industries will support the market during the forecast period and the rising demand from a large number of manufacturers will also help the market globally, the growth could be affected by the weak supply chain which could hinder business activities. The low demand from developing countries is also expected to be responsible for stalled market growth till 2026.
Online Grocery Market Segmentation:
The
online grocery market is categorized into smaller segments such as product type
in order to analyze the market. The product type segments are then categorized
further. The product type segment is categorized into packaged, processed food
& beverages (food [baby food, bakery & confectionery, breakfast
cereals, dairy products, frozen desserts, meat, plant-based food, poultry &
seafood , sweet & savory snacks, and others], beverages [alcoholic
beverages and non-alcoholic beverages] fruits & vegetables [frozen and
fresh], personal care & hygiene products [hair care products, hand hygiene
products, skin care products, and others] baby care products, household cleaning
products, and others.
Online Grocery Market Regional
Overview:
The online grocery market, apart from the product and service related
segments, is spread across the world. The regional markets of online grocery
covered in the report are North America, Europe, Asia-Pacific, the Middle East
and Africa as well as the rest of the world. Favorable government policies are
set to be a key growth factor for businesses active in the online grocery
space. The market across North America is segmented into the United States,
Mexico, Canada, and others. Regional markets in the online grocery sector
across the European market are segmented into Germany, Italy, the United
Kingdom, and France. The market in the APAC region is segmented into India,
China, Japan, and others. Online grocery based businesses across the world will
be supported by the presence of many untapped opportunities across the market
during the forecast period 2020 to 2026. However, the growth could be hindered
by the growing preference of consumers towards alternative solutions. The
market is also segmented into the Middle East and Africa regions among others.
Competitive Landscape:
Online
grocery based companies have been studied and profiled in the market research
report. The online grocery market along with its segments and key players has
been studied. Online grocery business analysis is done to identify competitors
and their strategies. The global online grocery market research report covers
core values, strengths and other key factors about online grocery related
companies. Competitors to help comprehend their mission, vision, core values,
niche market, strengths, and weaknesses. The presence of untapped market
opportunities is set to help the market during the forecast period 2020 to
2026. The market is anticipated to reach a higher valuation of US$2,81,841.4
million with a CAGR of 12.61%. However, the availability of alternative
channels will prove to be affecting the online grocery market growth.
Complete Report Details @ https://www.marketresearchfuture.com/reports/online-grocery-market-9626
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients. Our market research
studies by products, services, technologies, applications, end users, and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Comments
Post a Comment