Online Grocery Market – Global Opportunities & Forecast, 2020-2027 - Gurgaon

The rising penetration of the internet and smartphones, followed by the fundamental shift in the consumer’s preference towards online shopping, are the two major factors that are driving the growth of the online grocery market over the coming years.

Increasing disposable income of individuals, the growing number of smartphone users, shift to convenient shopping, and the COVID-19 outbreak are the significant factors that are strengthening the growth of the market. E-commerce is one of the most evolving industries with the existence of different service providers across the globe. Online grocery platforms offer a wide range of products that are not available in local stores. In the current scenario, most of the population is working and busy; there fore the online shopping of groceries saves time by eliminating the need to stand in the long queue for billing and parking issues. Through online grocery shopping, billing could be done within a few minutes, and products are delivered at the doorstep. Additionally, online vendors offer multiple offers and discounts, which is attracting a large number of consumers into the market. The products ordered online could even be returned or replaced through a home pickup facility. The combination of these factors is responsible for the expansion of the online grocery market size over the coming years.

As per the online grocery market report, the widespread outbreak of the COVID-19 pandemic is another factor that is surging the demand of the market. With the rising emphasis on social distancing, individuals have started adopting online shopping platforms at a higher rate as payments are made through digital platforms and no contact deliveries are available at doorsteps.

Visit: httpswww.gmiresearch.com/report/online-grocery-market/