The increasing population, internet service penetration, working population, and hectic schedules are the major key factors that are driving the e-grocery market. The global e-grocery market size was valued at $29.57 billion in 2018. According to IndustryARC analysts, the demand for online groceries is estimated to grow at an outstanding compound annual growth rate (CAGR) of 41.24% during the forecast period 2019- 2025.
IndustryARC’s recent business intelligence report titled “E-Grocery Market: By Product Type (Food Products and Beverage, Beverages, Cosmetics & Personal Care, Baby Care, Stationery, Households); By Demography (Age, Gender) & By Geography – Forecast (2019 - 2025),” states that millennials and the Generation Z are t tech-savvy and are ready to pay a premium fee to avail all the services such as same-day delivery. Hence, they are the most suitable target audience for the consumers segment in the market. This report covers E-Grocery Market Size by product type, E-Grocery Market share by top 5 companies and also the market share by start-ups during the forecast period.
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E-Grocery Market: Leading Segments
North America held the largest share of the global e-grocery market in 2018. In recent times, the meal-kit services have gained traction in the U.S. owing to the huge demand from the consumers in the market. Furthermore, due to the hectic schedule and harsh work-life balance, North Americans are more dependent on online services. North America held 61.40% share of the global e-grocery market in 2018, which was more than half of the total contribution by the rest of the world (RoW).
The key application segment cited by IndustryARC analysts is the Staple Pantry Items segment. The segment is projected to grow at a CAGR of 37.40% during the forecast period.
E-Grocery Market: Market Trends and Growth Drivers
Meal Kit Services
Meal kit services are convenient and can be customized easily as per the need. This has gained a lot of traction in the U.S. The ingredients are delivered at home with the cooking instructions. The companies involved even try to offer organic food products.
Amazon’s Online Grocery Platform
Amazon is now one of the leaders in the e-commerce sector. Since it is a well-known brand in the market, people are more dependent on this. Amazon’s launch of Pantry and Amazon Fresh has raised the overall value of the e-grocery market in countries such as India. Furthermore, Alibaba Group Holdings Ltd and SoftBank Group Corp are looking forward to collaborate with Amazon.
E-Groceries Using Alphabots
Albertsons is joining hands with Takeoff Technologies to pilot a new micro-fulfillment center at one of its centers, Using Takeoff’s Artificial Intelligence-enabled technologies with conveyor belts will enable the transportation of grocery items.
Voice-First Strategy
Companies are focusing on voice ordering and assistant technology to make it simpler for the consumers to order groceries. For instance, Walmart and Kroger have already introduced Google Assistant Voice-Enabled shopping.
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E-groceries Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority share in the global e-grocery market are ShopFoodEx, Schwan Food Company, My Brands Inc, mySupermarket Limited, NetGrocer.com, Inc., Walmart Stores, Inc., Safeway, Inc., Supermarket Grocery Supplies Pvt. Ltd., AmazonFresh, LLC, Koninklijke Ahold Delhaize N.V., and Fresh Direct, LLC.
Related Reports:
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https://www.industryarc.com/Report/17960/meal-kits-oven-ready-market.html
B. Vitamins and Nutrition Supplement Market
https://www.industryarc.com/Report/231/Vitamins-and-Nutrition-supplements-Market-report.html
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This report studies the E-Prescribing System Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors with key market drivers.
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The global E-Commerce Fulfillment Services Market presents comprehensive information that makes it a valuable source of insightful data for business strategists during 2021-2026.
Based on historical data, the E-Commerce Fulfillment Services market report provides major segments and their sub-segments, revenue and supply and demand data.
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Additionally, the industry report contains information on all issues affecting the growth of the industry.
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According to ChemAnalyst report, “Global E-Mobility Raw Materials Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global e-mobility raw materials market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 14.35% during the forecast period.
They are of several types including body metals, light weight plastic, and battery chemicals and metals which include cobalt, lithium, and copper.
Major application areas of e-mobility raw materials include public transport, commercial vehicles, and personal vehicles.
Moreover, government initiatives like the India EV policy 2030 are also supporting demand rise for electric vehicles.Request Sample: https://www.chemanalyst.com/ChemAnalyst/RequestFormE-mobility raw materials are materials which are used in the manufacturing of electric vehicles.
Hence, the lack of charging infrastructure in several countries can act as a constraint to demand growth.E-mobility raw materials are related to electric vehicles hence their price is directly linked to the fluctuations in the demand of automotive and electric vehicles.
In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive rendered a major downfall in the global e-mobility raw materials, hence the prices remained low for e-mobility raw materials during the coronavirus pandemic.
