Global Online Grocery Delivery Services Market 2018-2022
The analyst recognizes the following companies as the key players in the global online grocery delivery services market: Alibaba Group, Amazon.com, JD.com, Ocado, Tesco, Walmart.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growth in demand for functional foods and beverages.”
According to the report, one of the major drivers for this market is the increased popularity and adoption of e-commerce platform.
Further, the report states that one of the major factors hindering the growth of this market is the huge competition from offline retail stores.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The e-commerce platform has witnessed ample growth during the past decade. As per the World Bank Group in 2016, 3.41 billion people worldwide were active internet users. Another major growth factor leading to increased popularity and adoption of e-commerce platform is the increasing internet penetration globally. The analysts have predicted that the online grocery delivery services market will register a CAGR of more than 22% by 2022.
Market Overview
Increased popularity and adoption of e-commerce platform
As per the World Bank Group in 2016, 3.41 billion people worldwide were active internet users. The global B2C e-commerce market generated a revenue of 52.26 trillion in 2017. With nearly 250 million internet users and over 200 million digital buyers generating 5460.35 billion in the online retail market in the US in 2017 the channel exhibited high growth potential for the sale of products across all segments including groceries.
End-user perception for online grocery shopping
The global online grocery delivery services market is experiencing healthy growth. Despite this, it failed to change the perception of a large base of target customers as the market is at its nascent stage. Vendors are finding it hard to create a positive impact on end-user’s mind.
For the detailed list of factors that will drive and challenge the growth of the online grocery delivery services market during the 2018-2022, view this report.
Competitive Landscape
The online grocery delivery services market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’