IMARC Group’s latest research report, titled “Indian Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Indian online grocery market. The report also includes competitor and regional analysis, and contemporary advances in the market. The Indian online grocery market size reached US$ 6.8 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2028 , exhibiting a growth rate (CAGR) of 31.3% during 2023-2028 .
Indian Online Grocery Market Overview:
Online grocery refers to the process of purchasing food and other household items through the Internet, using dedicated platforms or websites provided by grocery retailers or third-party delivery services. Customers may order goods from the comfort of their homes or while on the road, making it a handy and time-saving alternative to traditional brick-and-mortar grocery shopping.
The online grocery experience typically involves browsing through a digital catalog or using search functionalities to find desired products. Shoppers can select items, specify quantities, and add them to their virtual shopping cart. The checkout process involves providing delivery details, choosing a preferred delivery slot, and making payment electronically. Its services often offer a wide range of products, including fresh produce, pantry staples, dairy and frozen items, snacks, beverages, household cleaning products, and personal care items.
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Indian Online Grocery Market Trends:
The growing demand for convenience among the masses majorly drives the market in India. This can be supported by the escalating demand for online grocery shopping as it allows customers to save time and eliminates the need to visit physical stores and supermarkets. Along with this, the increasing consumer inclination toward online platforms to enjoy discounts and a hassle-free shopping experience is propelling the market.
In addition, the adoption of online business models to avoid the challenges associated with maintaining physical stores, such as hiring employees and the risk of shoplifting, is positively influencing the market. Apart from this, providers are offering subscription services, on-demand delivery, slotted delivery, and express delivery to improve the shopping experience consistently, contributing to the market. Furthermore, the availability of multiple payment options, fast delivery, and flexible return or exchange policies is creating a positive market outlook.
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Key Market Segmentation:
Top Companies in Indian Online Grocery Market :
- Aaram Shop Private Limited
- Amazon Retail India Pvt. Ltd
- Godrej Nature’s Basket
- Grofers India Private Limited
- Innovative Retail Concepts Pvt Ltd (Bigbasketball)
- Paytm E-Commerce Pvt. Ltd
Breakup by Product Type:
- Food grains
- Bread, Bakery and Dairy Products
- Fruits and Vegetables
- Personal Care
- Dry and BakingProducts
- Household Products
- Beverages
- Meat and Meat Products
- Others
Breakup by Payment Method:
- Online
- Cash on Delivery
Breakup by Platform:
- App based
- Web based
Breakup by Region:
- North India
- East India
- West India
- South India
TOC for the Indian Online Grocery Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Indian Online Grocery Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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