- The India online grocery market is anticipated to grow as a result of changing consumer lifestyles, rapid increase in urbanization, and the tech-savvy generation that are favoring online shopping.
- India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175% from USD 8 billion in 2020 to USD 22 billion in 2021.
- The Governments initiative ‘Digital India’ campaign aims to create a trillion-dollar online economy by 2025.
Rising Consumer Consumption Expenditure: India’s growing consumer consumption expenditure is boosting the Online Grocery Market as the country is undergoing economic and demographic transformations which provides great potential for its grocery industry. Factors like rapid increase in population, rising GDP and disposable income and rise in consumption of food and personal care to drive the country’s e-Grocery market. Moreover, changes in the society like fast-growing middle class and tech-savvy consumers create opportunities for multiple players to enter the market.
Trends and Developments: The online shopping industry is always changing through new trends that will affect businesses in coming years with merchants creating and/or improving their ecommerce businesses. Recent trends like social commerce, investment and developments in, usage of voice searches for searching a product or good, AR and VR which are among the most well-publicized online shopping trends and drone delivery which are to commence soon in the country.
Future Technologies: Advanced technologies like Artificial Intelligence which has the potential to completely transform the supermarket and grocery sector to online shopping where it can help online retailers to deliver an optimized customer experience. The advent of shopping in the “Metaverse” is poised to be a gamechanger in the industry, bringing a new dimension of consumer experiences to an audience. Cloud computing enables a variety of new ‘logistics-as-a-service’ business models and allows for the co-ordination and orchestration of information (related to variety of transactions with different parties) into integrated view, making it enabler of a virtual ‘control tower’, providing 360-degree management dashboards.
The report titled “India Online Grocery Market Outlook to 2027F- Driven by changing consumer needs and preferences with availability of supplies and reliability of delivery of the products” provides a comprehensive analysis of the Online Grocery market in India. The market is expected to grow at a double digit positive CAGR owing to the increase in smart phone penetration rate and increased consumer spending on groceries due to changing consumer needs and preferences are driving the market in India. The India Online Grocery market in GMV is expected to grow over the years due to high consumer demand in the country.
Key Segments Covered in the report:-
India e-Grocery Market
By Categories of Groceries
Food grains, Oil and Masala
Fruits and Vegetables
Snacks and Branded Food
Beauty and Hygiene
Bakery Cakes and Dairy
Eggs, Meat and Fish
Cleaning and Household
By Sales Model
Bulk Purchase Model
Quick Commerce Model
Tier II and Others
By Sales Channel
By Sales Platform
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Key Target Audience:-
Grocery Manufacturers and Distributors
Retail Grocery Stores
3PL Logistics Companies
Quick Commerce Companies
Last Mile Logistic Companies
Logistics/ Supply Chain Industry Associations
Market Research and Consulting Firms
Time Period Captured in the Report:-
Historical Period: FY’2017-FY’2022
Forecast Period: FY’2022-FY’2027F
Key Topics Covered in the Report:-
Executive Summary of Online Grocery Market in India
India Country and Grocery Sector Overview
India Online Grocery Market Overview
Major Challenges in Grocery Market
Comprehensive Analysis on India Online Grocery Market (Market Size, 2017-2027F; Market Shares; Future Trends)
Government and Private Initiatives for Online Grocery Market in India
Technologies Shaping Online Grocery Market in India
Strengths and Weaknesses of Major Online Grocery Players in India
Competitive Landscape in India Online Grocery Market
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Ankur Gupta, Head Marketing & Communications