Brand Story
16 Nov 2022, 09:43 GMT+10
The India online grocery market size has been estimated at USD 4,540.0 Million in 2022 and is projected to grow at a CAGR of 32.7% from 2022 to 2032, reaching USD 76,761.0 Million by that time which surges the India online grocery market key trends and opportunities.
The India online grocery market has experienced tremendous India online grocery market growth over the past few months as a result of changing consumer lifestyles, increasing urbanization, and the tech-savvy generation that favours online shopping.
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People are increasingly using customizable and practical online platforms for grocery shopping rather than going to their local vendors as a result of growing disposable incomes and busier lifestyles, hence escalating the India online grocery market future trends.
Following the COVID-19 outbreak, the preference for grocery product delivery via the internet became more obvious. Consumers are shifting their attention to online grocery shopping due to the social distancing standards because it is not only convenient but also a safer option which results in the boosting of the India online grocery adoption trends.
In the upcoming years, the India online grocery market is expected to experience significant India online grocery market growth. Consumers are increasingly purchasing their regular groceries from a variety of online platforms thanks to initiatives like no contact delivery and online payment.
The dependence of consumers on the online platform has significantly increased as a result of the safety concerns surrounding the coronavirus and a sizable portion of the population working from home. In turn, this has given the India online grocery market a number of India online grocery market growth opportunities.
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COMPETITIVE LANDSCAPE:
The India online grocery market is fragmented, and the players engage in fierce competition. By putting various strategies into practise, such as partnerships, mergers & acquisitions, and geographic expansion, key India online grocery market players are concentrating on increasing their India online grocery market presence.
These tactics assist the India online grocery market participants in geographically expanding their businesses and improving their product offerings on both the domestic and international markets.
In India online grocery market, some notable participants are Amazon India Pvt. Ltd.; Godrej Nature's Basket Ltd.; Grofers India Pvt. Ltd.; Paytm E-Commerce Pvt. Ltd. (Paytm Mall); Reliance Retail Ltd. (Reliance Fresh); Spencer's Retail; Supermarket Grocery Supplies Pvt. Ltd. (BigBasket); UrDoorstep eRetail Pvt. Ltd.
Recent Development in the India Online Grocery:
In four more cities-Pune, Ahmedabad, Kolkata, and Chennai-Amazon India Pvt. Ltd. started operating its online grocery store Amazon Fresh in November 2020.
According to the business, the service was launched in these cities thanks to the growth of its specialised geographic network, which enables super-quick delivery services for groceries and daily necessities through the Amazon Fresh Store on Amazon.in.
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Hyperlocal Grocery Delivery Market Share : The hyperlocal grocery delivery market is likely to grow in the global market space at a promising CAGR of 7.8% between 2022 and 2032.
Breakfast Takeout Market Size : The breakfast takeout market is projected to witness an average growth momentum in the global market at a CAGR of 7.20% during 2022 and 2032.
Egg Replacer Market Growth : Egg replacer market size exceeded USD 1.3 Bn in 2022 and is estimated to grow at over 5.4% CAGR between 2022 and 2032
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post The Market is Fuelled by Rising Internet Usage and Explosion of Digital Payments; India Online Grocery Market is to Register a 32.7% of CAGR Through 2032 appeared first on Future Market Insights.
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