Online Grocery Market in India size to grow by USD 7,417.46 million from 2022 to 2027; Growth driven by rapid growth in m-commerce - Technavio
NEW YORK, May 29, 2023 /PRNewswire/ -- The online grocery market size in India is estimated to increase by USD 7,417.46 million, accelerating at a CAGR of 14.62% during the forecast. The growth of the market is driven by the rapid growth in m-commerce.
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Global Online Grocery Market In India ? Market Dynamics
Leading Drivers - The rapid growth in m-commerce is notably driving market growth. The growth in m-commerce is mostly attributed to the increased penetration of smartphones in India. Using mobile apps, consumers can shop from anywhere and in any situation, even when traveling. The popularity of m-commerce has motivated offline stores and e-commerce players to switch to these platforms.
Key Trends - The growth in demand for functional foods and beverages is an emerging trend in the market. The growing prevalence of obesity and other health conditions is encouraging health-conscious consumers to opt for food and beverage products that have various functional benefits. The growing prevalence of obesity and other health conditions is encouraging health-conscious consumers to opt for food and beverage products that have various functional benefits.
Major challenges - The growth in demand for functional foods and beverages is an emerging trend in the market. Offline grocery and brick-and-mortar retail stores, especially unorganized grocery retailers that mostly establish their shops in residential areas, are the major competitors of online grocery delivery service providers. They are also installing advanced sensors and maintaining customers' details along with their buying behavior and purchasing patterns to provide attractive offers and services to their customers.
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Global competitiveness and key competitor positions
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Global Online grocery market in India ? Vendor Analysis The global online grocery market in India is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer online grocery in India are Amazon.com Inc., Avenue Ecommerce Ltd., B.L. Agro Industries Ltd., Blink Commerce Pvt. Ltd., Brisam Retail Pvt. Ltd., Dookan Technologies s.r.o, Dunzo Digital Pvt. Ltd., Flipkart Internet Pvt. Ltd., Flora Foods, Fresh to Home, GFOI Retail Pvt. Ltd., Heritage Foods Ltd., Innovative Retail Concepts Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., RP Sanjiv Goenka Group, Satvika Bio Foods India Pvt. Ltd., SPAR Group Inc., Tata Sons Pvt. Ltd., and Zepto and others.
Vendor Offerings -
amazon.com- The company offers fish and seafood solutions such as Shrimps, Calamari.
dmart.in- The company offers fish and seafood solutions such as Portuguese oyster, Pate de Atum Caseiro, Choco frito.
blagro.org- The company offers fish and seafood solutions such as Black tiger shrimp without head, Filo shrimps, Vannamei headless with shell.
blinkit.com- The company offers fish and seafood solutions.
dookan.com- The company offers fish and seafood solutions such as Catfish fillet, Silver Carp Batog, Cold Smoked Mackerel.
Fresh Herbs Market- The fresh herbs market size is estimated to grow at a CAGR of 4.32% between 2022 and 2027. The market size is forecast to increase by USD 1,794.28 million.
Online Grocery Market-The Online Grocery Market Size is estimated to grow at a CAGR of 13.14% between 2022 and 2027. The size of the market is forecast to increase by USD 740.88 billion.
Online Grocery Market In India Scope
Report Coverage
Details
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 20.33%
Market growth 2023-2027
USD 7417.46 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
18.4
Regional analysis
India
Performing market contribution
India at 100%
Key countries
India and APAC, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Amazon.com Inc., Avenue Ecommerce Ltd., B.L. Agro Industries Ltd., Blink Commerce Pvt. Ltd., Brisam Retail Pvt. Ltd., Dookan Technologies s.r.o, Dunzo Digital Pvt. Ltd., Flipkart Internet Pvt. Ltd., Flora foods, Fresh to Home, GFOI retail Pvt. Ltd., Heritage Foods Ltd., Innovative Retail Concepts Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., RP Sanjiv Goenka Group, Satvika Bio Foods India Pvt. Ltd., SPAR Group Inc., Tata Sons Pvt. Ltd., and Zepto
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Country Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 06: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Online grocery market in India 2017 - 2021
Exhibit 15: Historic Market Size ? Data Table on Online grocery market in India 2017 - 2021 ($ million)
Exhibit 98: RP Sanjiv Goenka Group - Product / Service
Exhibit 99: RP Sanjiv Goenka Group - Key news
Exhibit 100: RP Sanjiv Goenka Group - Key offerings
11.15 SPAR Group Inc.
Exhibit 101: SPAR Group Inc. - Overview
Exhibit 102: SPAR Group Inc. - Business segments
Exhibit 103: SPAR Group Inc. - Key offerings
Exhibit 104: SPAR Group Inc. - Segment focus
11.16 Tata Sons Pvt. Ltd.
Exhibit 105: Tata Sons Pvt. Ltd. - Overview
Exhibit 106: Tata Sons Pvt. Ltd. - Business segments
Exhibit 107: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 108: Tata Sons Pvt. Ltd. - Segment focus
11.17 Zepto
Exhibit 109: Zepto - Overview
Exhibit 110: Zepto - Product / Service
Exhibit 111: Zepto - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 112: Inclusions checklist
Exhibit 113: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 114: Currency conversion rates for US$
12.4 Research methodology
Exhibit 115: Research methodology
Exhibit 116: Validation techniques employed for market sizing
Exhibit 117: Information sources
12.5 List of abbreviations
Exhibit 118: List of abbreviations
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