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Global Online Grocery Delivery Services Market 2018-2022 | 22% CAGR Projection Over the Next Four Years | Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The global online grocery delivery services market is expected to post a CAGR of close to 22% during the period 2018-2022, according to the latest market research report by .

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Technavio has released a new market research report on the global online grocery delivery services market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increased popularity and adoption of e-commerce platform. The e-commerce platform has witnessed ample growth during the past decade. As per the World Bank Group, in 2016, 3.41 billion people worldwide were active internet users. The global B2C e-commerce market generated a revenue of USD 2.26 trillion in 2017. With nearly 250 million internet users and over 200 million digital buyers generating USD 460.35 billion in the online retail market in the US in 2017, the channel exhibited high growth potential for the sale of products across all segments including groceries. Another major growth factor leading to increased popularity and adoption of e-commerce platform is the increasing internet penetration globally. According to the World Bank Group (data published as of July 25, 2018), in 2016 the global internet penetration reached 45.78%, which enabled a large section of consumers to gain access to online retail platforms and promote the omnichannel model of shopping.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growth in demand for functional foods and beverages as one of the key emerging trends in the global online grocery delivery services market:

Global online grocery delivery services market: Growth in demand for functional foods and beverages

The demand for functional foods and beverages is rapidly growing among consumers worldwide due to health benefits such as enhanced immune system, improved mental strength, improved heart rate, improved digestive health, hydration and electrolyte replenishing benefits, and better intestinal flora and gut function. Further, consumers are spending more on non-traditional fitness activities such as yoga and aerobics, and thus, prefer consuming functional foods and beverages as a healthy source of nutrition. This growing need and aspiration of customers regarding functional food are further propelling its demand across the globe. As these functional foods and beverages are not readily available in brick-and-mortar stores, consumers buy them online. Vendors of functional foods and beverages are also marketing their products with the help of effective labeling and product formulation. Online grocers and grocery delivery service providers are showcasing and offering these products to widen their product portfolio so as to capture more share in the global online grocery delivery services market.

“Apart from increasing e-commerce, the rapid growth in m-commerce, growing popularity of fast delivery services, and increased M&A activities and strategic alliances is expected to contribute largely to the growth of the market, during the forecast period,” says a senior analyst at Technavio.

Global online grocery delivery services market: Segmentation analysis

This market research report segments the global online grocery delivery services market by end-user (individuals and others) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2017 with a market share close to 59%, followed by EMEA and Americas respectively. During the forecast period, the Americas is expected to register the highest incremental growth of close to 1%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190108005782/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL INTERNET MOBILE/WIRELESS RETAIL SUPERMARKET

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/08/2019 10:58 AM/DISC: 01/08/2019 10:58 AM

http://www.businesswire.com/news/home/20190108005782/en

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