Indian Online Grocery Market size is expect to reach nearly US$ 46.30 Bn. by 2029 with the CAGR of 37.1% during the forecast period.
Grocery Market Report Overview
The grocery market is anticipated to achieve a substantial valuation of nearly US$ 46.30 billion by the year 2029, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 37.1% throughout the forecast period.
As of the most recent Indian Online Grocery Market analysis, the economic landscape exhibits a dynamic and ever-evolving picture. Global markets continue to respond to a myriad of factors. Include geopolitical event, technological advancement, and economic policy. The aftermath of the recent pandemic led to a height focus on resilience and adaptability across industry. With some sector experience rapid growth. While other grapple with challenge. Technology-driven innovations remain a key driver, reshaping traditional business models and creating new opportunities. Investors are navigating through uncertainties, carefully assessing risks and rewards. Additionally, sustainable and social responsible practice are gain prominence. Influencing consumer preference and corporate strategy. The current market environment emphasizes the need for agility and strategic foresight to navigate the complexities and capitalize on emerging trends.
This report meticulously evaluate the effect of the COVID-19 pandemic-induce lockdown on market leader, follower, and disruptor, considering the varying impact across different region. And segment due to the diverse implementation of lockdown measure.
Drivers:
The surge in the e-commerce sector stands as a pivotal driver propelling the growth of the Indian online grocery market. Furthermore, the flourishing online grocery store business in India can be attribute to the increase penetration of mobile internet. Rising adoption of smart device, convenience of time, and expanding purchasing power among consumer.
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Report Scope:
Research Methodology:
Restraints:
Challenge persist in customer acquisition for online grocery rivals. Compel them to resort to substantial discount strategy to attract new client. Consequently lead to significant cash burn for customer acquisition.
Segmentation:
Traditionally dominated by local kirana stores and hyper-local markets, the landscape has witnessed a transformative shift with the emergence of technology-driven start-ups establishing online grocery stores. The online grocery trend is particularly prominent in metropolitan. And Tier-I city, gradually extending to Tier-II city driven by escalating urbanization and income levels.
by Product Type
1. FMCG
1.1. Packaged Food
1.2. Home Care
1.3. Beverages
1.4. Family Care
2. Grocery & Staple
3. Fruits and Vegetables
by City Type
1. Tier I
2. 2 Tier
3. Tier 3
by Sales Model
1. Bulk Purchase Model
2. Quick Commerce Model
Regional Insights:
The Southern region emerges as the primary contributor to the Indian online grocery market, driven by a high concentration of online consumers in cities like Bengaluru and Chennai. This is closely followed by the Western and Northern regions.
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Online Grocery Market Key Players
1. Alibaba
2. Amazon
3. Walmart
4. Grofers
5. Big Basket
6. Local Banya
7. ZopNow
8. Nature Basket
9. Reliance Fresh Direct
10. Green Cart
11. Aaram Shop
12. Eemli
13. Day to Day Fresh
14. Naturally Yours
15. Dilli Grocery
16. Kiranawalla
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Key Questions answered in the Indian Online Grocery Market Report are:
- What is Indian Online Grocery?
- What will be the CAGR of the Indian Online Grocery market during the forecast period?
- Which segment of the Indian Online Grocery market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Indian Online Grocery market?
- What are the opportunities for the Online Grocery Market?
- What factors are driving the Indian Online Grocery market growth?
- Which company held the largest share in the Indian Online Grocery market?
Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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