June 16, 2022
According to the research report titled ‘United States Online Grocery Market Size, Share, Emerging Trends, Current Analysis, Growth, Demand, Opportunity, and Forecast 2022 – 2028’, available with MarketStudyReport, United States online grocery market was worth USD 96 billion in 2021 and is anticipated to record a CAGR of 14.1% during 2021-2028 to amass USD 242 billion by the year 2028.
According to report findings, United States online grocery market growth is attributed to shifting lifestyle of consumers, technologically inclined generation that prefers to shop online, as well as rising disposable incomes, and hectic schedules.
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Moreover, with COVID-19 outbreak, the demand for online grocery has increased, due to factors like availability of time slots, lower service prices, convenience of picking up groceries while on the go through use of click & collect services, which in turn has augmented the industry expansion in the recent past.
Apart from drivers and opportunities, the study literature also discusses current and future difficulties, as well as potential remedies. It also considers the history of market augmentation and the current business landscape to produce reliable estimates for growth rate, size, revenue share, as well as other unique attributes over 2022-2028.
Based on segments, the United States online grocery industry is branched into dairy products, beverages, meat, fish, poultry & other deli items, drugs & healthcare items, frozen foods, fruits & vegetables, other non-food items, and other foods. The study provides in-depth analysis, facts, and market size for these primary segments.
Speaking of the competitive landscape, Fresh Direct (acquired by Ahold Delhaize), Amazon.com, Inc., Target Brands, Inc., Albertsons Companies, Inc., Costco Wholesale Corporation, The Kroger Company, and Walmart, Inc. are the leading players in marketplace.
These organizations are adopting various inorganic development tactics to stay competitive while catering to evolving consumer expectations. Smaller firms are cooperating with United States online grocery industry leaders in particular to build infrastructure, scale, and capabilities that might otherwise take years to develop.