Online Grocery Sales to Reach The Heights In Future; Amazon Is Current And Future Leader- GMI

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Online grocery shopping in the U.S. will be more than double from $14.2 billion in 2017 to $29.7 billion in 2021, led by online retail giants Amazon and Walmart. 77% of American adults have not used curbside grocery pickup and 81% haven't ordered from a grocery delivery service. Over-the-counter drug purchases are up 217%, canned goods are up 87%, and home fitness products are up 55%, all thanks to close down during the COVID-19 pandemic. These were some of the findings of a report comprehensively mapping the size and scope of the online grocery industry, published by Goldstein Market Intelligence.

We are residing in connected commerce era where consumers are not entirely into online or in-store shopping category; rather they are taking blended approach i.e. choosing according to their needs. Adoption of intersecting point of physical and virtual world and leveraging technology to satisfy customers is success mantra in retailers and manufacturers. Online grocery shopping trend is driven in different parts on the basis of maturation of the digital native: Millennial and Generation Z.

The report found Online grocery shopping in the U.S. will be more than double from $14.2 billion in 2017 to $29.7 billion in 2021, led by online retail giants Amazon and Walmart. Although purchases are growing at a rapid pace, consumer usage is still relatively low.

77% of American adults have not used curbside grocery pickup and 81% haven't ordered from a grocery delivery service. Today's consumer has tremendous convenience at their fingertips. No more long trips to the supermarket, wandering the aisles searching for obscure items and price checking to get the best deal.

Sample for the report can be requested at https://bit.ly/2CfkYYl

Global Online Grocery Market Landscape

According to Goldstein Market Intelligence, In 2018, eCommerce retail sales account for 15% of all retails sales globally. This accumulates to a total of USD 3.53 trillion of revenue in 2019, up from USD 1.99 trillion in 2018. It is predicted that this growth will continue to increase with an estimated revenue value of USD 6.54 trillion by 2025 in global retail eCommerce market.

On the basis of category, personal care product dominates the market owing to the competitive advantage on cross-selling, offers, and discounts, bundling prices and brand differentiation while online order for home delivery is the largest segment of eCommerce option.

Geographically, the top market for grocery e-commerce is South Korea, where online sales account for 16% of the fast-moving consumer goods (FMCG) market followed by Japan (7.8%), the UK (7%), France (5.5%), Taiwan (5%), China (4.5%), Czech Republic (2%), Spain and the Netherland (1.5%) and US  (1.4%).

Scope of The Report

Helps the reader to understand the country specific landscape in the Global Online Grocery Market, the recent trends, and challenges. Moreover, the report also outlines enterprises' investment priorities in the market.
Provides the Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Global Online Grocery Market and further bifurcated into Regions & Countries.
The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.
Impact Analysis of COVID-19 on Global Online Grocery Market.
Detailed Analysis of group of start-ups in the burgeoning Global Online Grocery Market space.
List of new partnerships that supplementing existing service with the new service.

Market analysis on validation, exit strategies, future of Global Online Grocery Market
The report provides a detailed description about the outlook of Global Online Grocery Market which is the next focus area in the industry.
Give the roadmap to the Global Online Grocery Market and explains how companies developing diabetic drug alternatives are transforming healthcare and identifies the key operating players
Helps the client to explores how Global Online Grocery Market stand to benefit and threaten entrenched players
The most exhaustive and up-to-date report providing revenue opportunity forecasts in the Global Online Grocery Market from 2017 to 2030, spanning various sub-segments, 6 regions and 195 countries, and investment priorities.

Report is available at https://bit.ly/3e7YExl

About Goldstein Market Intelligence

Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory and research related services to clients. We, at Goldstein Intelligence Group (GIG) practice works side by side with chief executives and their teams to create effective strategies and secure alignment across the organisation. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world.stats
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