The Online Grocery Delivery Services Market is flourishing on increasing investments by key players in developing more advanced and innovative solutions such as mobile applications and user-friendly websites. Additionally, the outbreak of the coronavirus pandemic taken digitization one step forward, which will benefit the market even in post-pandemic years, paving new paths for key players in this space. The market is poised to surge ahead at a CAGR of over 20% through 2031.
Due to convenience and accessibility, online grocery delivery services have slowly gained popularity over the past ten years. While digitization and rising Internet and smart phone usage indirectly supported demand growth, macroeconomic factors like rising urbanization and per capita spending on food and other essentials also aided industry players in snatching low-hanging fruit. Fact.MR reports that the forecast for the delivery and pickup of groceries has been good during the past five years, from 2016 to 2020.
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The readability score of the Online Grocery Delivery Services Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Online Grocery Delivery Services outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Silage Covers along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive Landscape:
The global online grocery delivery services market is fragmented and thriving on key players. In order to secure their leading positions, key industry players are launching a wider variety of services. For instance,
- Target Corp. launched its new range of online grocery delivery services such as Contactless Drive-Up Services for Grocery Delivery, Same Day Grocery Delivery Services, and others a couple of years back.
- Rakuten Inc. and Walmart Inc. partnered in November 2018 to launch grocery delivery service in Japan, in order to increase their sales footprint.
Key Companies Profiled:
- Alibaba Group Holding Ltd.
- Target Corp.
- Walmart Inc.
- Amazon.com Inc.
- Rakuten Inc.
- Costco Wholesale Corp.
- J Sainsbury Plc.
- Albertsons Companies Inc.
Market Drivers:
Rise in Prevalence of Digital Payments
Increasing Safety Concerns Encircling Coronavirus
Market Trends:
Emergence of Omnichannel Model
Increasing Popularity of Private Label Products
Market Opportunities:
Increased Government Promotion of the Digital Economy Framework and Digital Literacy
Rising Opportunities in Rural Areas
Market Segmentation by Category:
- By Product :
- for Fruits
- for Vegetables
- for Dairy Products
- for Fresh Products
- for Frozen Foods
- for Other Food Products
- By Region :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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Objectives of the Report:
-To carefully analyze and forecast the size of the Online Grocery Delivery Services market by value and volume.
-To estimate the market shares of major segments of the Online Grocery Delivery Services
-To showcase the development of the Online Grocery Delivery Services market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Online Grocery Delivery Services market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Online Grocery Delivery Services
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Online Grocery Delivery Services market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Questionnaire answered in the Market outlook Report of Online Grocery Delivery Services include:
- What is the key strategy deployed by large players to maximize Online Grocery Delivery Services growth?
- What are the main challenges faced by players in the Online Grocery Delivery Services Demand?
- With the advent of technological advancement, how will the Online Grocery Delivery Services landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Online Grocery Delivery Services size?
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