Online Grocery Services Market Definition
The global online grocery services market is expected to witness the steady growth throughout the forecasted period due to the prevailing COVID 19 pandemic, increasing the use of smartphones for the on-demand service and also growing e-commerce market. The online grocery services offer the online ordering of grocery for home delivery via mobile applications, web, and on-call facilities. The grocery services include the delivery of packaged and fresh foods to home.
The market study is broken down by Type (Mass Grocery Retailers, Delivery Companies and Hybrid Model), by Application (Personal Shoppers and Business Customers) and major geographies with country level splits.
Amazon Fresh (United States), Walmart Inc. (United States), FreshDirect (United States), Tesco plc, (United Kingdom), Kroger Company (United States), Peapod LLC (United States), Thrive Market (United States), Longo Brothers Fruit Market Inc. (Canada), Instacart (United States), Schwan's Company (United States), Good Eggs, Inc. (United States), Farmigo (United States) and Super Maids (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Online Grocery Services market by Type, Application and Region.
On the basis of geography, the market of Online Grocery Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grocery, the sub-segment i.e. Packaged Foods will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Order Placement, the sub-segment i.e. Mobile Application will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Payment Method, the sub-segment i.e. Online Wallets will boost the Online Grocery Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 23rd March 2020, Instacart announced plans to bring on an additional 300,000 full-service shoppers over the next 3 months to meet the growing customer demand for grocery delivery and pickup in North America. Instacart has become an essential service for millions of customers who are relying on the platform to get access to the groceries and household goods they need in a safe, reliable, and affordable way. In the last few weeks, the company has seen order volume grow by more than 150% year-over-year, with average customer basket size also increasing by 15%. By more than doubling the size of its full-service shopper community, Instacart will be better positioned to meet this increase in customer demand across North America.
- Increasing Use of Online Grocery Services Among Working-Class People
- The Surging Use of Mobile Application Based Online Grocery Services
- Advanced Online Payments Features for Online Grocery Services
- The Growing E-commerce market
- Growing Smartphone Usage Worldwide for On-demand Services
- Prevailing Pandemic Situation Leading to Online Service Usage
- Technological Advancement in Online Grocery Services
- Increasing Spendings in Online Grocery Services
- Health-Related Problems to Employees involved in Online Grocery Services Due to Current Pandemic Environment
- Lack of Product Quality Awareness Due to Lack of Physical Presence
Key Target AudienceOnline Grocery Services Providers, Grocery Stores, Potential Investors, Research and Development, Regulatory Bodies, Upstream and Downstream Buyers and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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