According to the business intelligence report titled ‘Global Online Grocery Market Size study By Product Type (Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Staples & Cooking Essentials), and Regional Forecasts 2021-2027’, available with Market Study Report, global online grocery market was assessed at USD 236.88 billion in 2020 and is estimated to be worth USD 1116.96 billion by 2027, growing at 24.8% CAGR between 2021-2027.
 

Rising disposable income of populace, easy accessibility through internet, and preference for comfort are the key factors driving global online grocery market expansion. Also, increasing use of e-commerce services, and inclination towards online shopping due to the ongoing COVID-19 pandemic will also facilitate industry growth.
 

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As per the UN Conference on Trade and Development, global e-commerce sales amassed USD 29 trillion and the number of online shoppers rose to 1.34 billion in 2017.
 

While growing number of smartphone users and efforts by leading companies to provide faster delivery and better product range will aid revenue inflow, lack of awareness about quality of products among consumers and their inability to inspect them before purchase are poised to act as challenges for the industry sphere.
 

Based on product gamut, worldwide online grocery industry is divided into fresh produce, snacks & beverages, breakfast & dairy, staples & cooking essentials, meat & seafood, and others. Crucial information pertaining to market share held by each segment and growth rate estimates over the analysis timeframe are also given in the report.
 

Regionally speaking, North America captured 14% market share in the recent past owing to presence of leading players, and growing e-commerce sales. Meanwhile, Asia Pacific market size is speculated to expand at 27% CAGR between 2021-2027, due to government efforts to promote digitization and e-commerce in economies like China, and India.
 

Key players influencing worldwide online grocery market trends are Walmart Inc., Albertsons Companies Inc., Aldi, Auchan SA, Amazon.com Inc., ASDA Stores Limited, Koninklijke Ahold Delhaize N.V., The Kroger Co., Tesco Plc, Schwan’s Company, and Supermarket Grocery Supplies Pvt. Ltd. Detailed scrutiny of these companies alongside their business profile, investment portfolio, profit margins, and market position is provided in the report as well.