A website or mobile app that allows you to shop for groceries and other household essentials from the comfort of your home is known as an online grocery market. You may just browse the website or app, choose the items you want to buy, and place your order instead of going to a supermarket or grocery shop. The online grocery store will often bring your items to your door after you place your order at a time that is convenient for you. Now, you can choose to pick up your order from several online grocery stores that are close by.
According to SPER market research, ‘India Online Grocery Market Size- By Product Type, By Payment Method - Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the India Online Grocery Market is predicted to reach USD 130.72 billion by 2032 with a CAGR of 37.35%.
This expansion has been influenced by a number of significant causes. For instance, one of the key factors driving India’s online grocery sector is convenience. Customers in India may now shop groceries online and have them delivered directly to their door while relaxing in their own homes or businesses. This saves time and effort by eliminating the need for in-person store visits.
Furthermore, the online grocery business has grown in popularity as more individuals in India have access to smartphones and the internet. This has raised demand for online grocery delivery services across the nation. In addition, busy lifestyles have encouraged a lot of individuals to turn to online grocery shopping, which enables them to conveniently get the necessities without having to leave their homes.
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A wide range of issues, such as logistics, quality assurance, payment options, competitiveness, and consumer behavior, are faced by the Indian online grocery business. To guarantee accurate and timely order fulfilment, a complex network of suppliers, storage facilities, and delivery services must be kept up. Because customers expect fresh, high-quality produce, which is challenging to manage due to different external factors including climate, insects, and other factors, the online grocery business faces a challenge maintaining quality control. For instance, it can be challenging to guarantee that items arrive in good condition in hot and humid climates.
Impact of COVID-19 on India Online Grocery Market
The COVID-19 pandemic has a significant impact on India’s online grocery market. People were urged to stay away from crowded areas, including supermarkets. As a result, demand for online grocery delivery services increased as people looked for safer and more practical ways to purchase items. Online grocery retailers in India expanded their business operations, including delivery networks, online platforms, and inventory levels, to meet the rising demand.
India Online Grocery Market Key Players:
Geographically, In recent years, India’s online grocery sector has expanded significantly and shown regional variances. The online grocery market has grown rapidly in large cities like Mumbai, Delhi, and Bangalore as a result of a confluence of factors including rising urbanization, shifting customer preferences, and the convenience of doorstep delivery. Additionally, some of the market key players are Amazon India Pvt. Ltd., Grofers India Pvt. Ltd., Supermarket Grocery Supplies Pvt. Ltd. (BigBasket), Reliance Retail Ltd. (Reliance Fresh), Paytm E-Commerce Pvt. Ltd. (Paytm Mall), and Godrej Nature’s Basket Ltd.
India Online Grocery Market Segmentation:
By Product Type: Based on the Product Type, India Online Grocery Market is segmented as; Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials, Others.
By Payment Method: Based on the Payment Method, India Online Grocery Market is segmented as; Online, Offline.
By Region: This report also provides the data for key regional segments of South India, North India, West India, East India.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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India Online Grocery Market Forecast
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