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North America E-Grocery Market to Grow Rapidly, Will Reach USD 114,923.8 Million by 2026: Facts & Factors

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North America E-Grocery Market to Grow Rapidly, Will Reach USD 114,923.8 Million by 2026: Facts & Factors

July 30
17:36 2021
North America E-Grocery Market to Grow Rapidly, Will Reach USD 114,923.8 Million by 2026: Facts & Factors
[195+ Pages Report] According to Facts and Factors Market Research, the North America e-grocery market in 2019 was approximately USD 30,879.1 Million. The market is expected to grow at a CAGR of 19.0% and is anticipated to reach around USD 114,923.8 Million by 2026.

According to Facts and Factors Market Research, the North America e-grocery market in 2019 was approximately USD 30,879.1 Million. The market is expected to grow at a CAGR of 19.0% and is anticipated to reach around USD 114,923.8 Million by 2026.

E-grocery involves the purchase of fresh and processed food through online platforms. People today prefer to shop online since it is easy and provides a large selection of products. The ordered products are delivered in a short time at the consumer’s doorstep. In addition, consumers can keep track of their expenditures.

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Top Market Players

  •  7-Eleven Inc.
  •  ALDI
  •  Amazon.com Inc.
  •  Beelivery
  •  Fresh Direct LLC.
  •  Google LLC
  •  Instacart
  •  Postmates Inc.
  •  Ahold Delhaize
  •  Albertsons Companies
  •  Target Corporation
  •  Kroger Co.

 

The growing workforce along with their hectic schedules provides businesses with the ability to set up online food stores. Consumers are increasingly aware of the numerous shopping patterns emerging in society with the evolving technology and the growing penetration of internet services. Moreover, brands offering premium services such as same-day delivery of products or delivery of products within one hour is triggering the market demand in recent years. Additionally, the rise in the omnichannel approach among the grocers is significantly influencing the growth of the market. However, concerns regarding the freshness of fruits and vegetables, and high delivery charges curb the demand for the market in recent times. Furthermore, the implementation of voice-enabled technology is expected to increase e-grocery sales.

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The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the e-grocery sector. Key strategic developments in the e-grocery market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the e-grocery market are appropriately highlighted in the report.

Penetration of the internet had played a vital role in connecting people in various ways. The internet has greatly helped to shorten the gap between people and their prospects. Additionally, rapid urbanization has elevated the working population. They are more prone to online grocery shopping due to their hectic schedules. Moreover, traditional grocery requires hours, to pay the bill in counters, while online grocery saves time. Therefore, consumer preference towards e-grocery owing to such factors is increasing the market demand in recent years. Although, online grocery looks promising when compared to other products available online it faces rather different challenges such as lack of physical evidence and verification of the products. Furthermore, advances in technology and the rise in omnichannel marketing and sales is expected to increase the market demand in upcoming years.

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The e-grocery market research report delivers an acute valuation and taxonomy of the e-grocery industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the e-grocery industry includes the complete classification of all the major countries including the U.S., Canada, and Mexico.

North America e-grocery market has been segmented into end-users, type, product type, business model, platform, purchase type, and region.  The end-user segment has been classified into individuals and organizations. The organization has been categorized into large enterprises, small and medium enterprises in terms of the organization size. The individual segment had accounted for the largest share in North America e-grocery market in 2019. It is due to the diversification of product choices and subscription options for daily items like vegetables and diaries that are supporting the market growth. Based on type, the market has been divided into indirect, and direct. The direct applications dominated the market growth as these are provided by the hyper and supermarket stores. Based on product type, the market has been segregated into food grains, bread, bakery and dairy products, fruits and vegetables, dry and baking products, and beverages among others. Bread, bakery, and dairy products are leading the market growth. The business model is of two types that are delivery, and takeaway. The delivery segment has accounted for the highest market share as it is convenient and preferred by the customers. On the basis of platform, the market has been segmented into web-based, and app-based. The app-based segment dominated the e-grocery market owing to the increasing number of smartphone users in this region. Furthermore, the purchase type has been bifurcated into one-time purchases and subscriptions. The subscription segment has accounted for the largest market share as the subscription models can be customized based on the requirements of the customers.

On the basis of geography, the market has been analyzed into U.S., Canada, and Mexico regions. In this region, U.S. is leading the market as most of the online suppliers in the United States provide same-day delivery options and also the availability of a huge number of online grocers such as Walmart, FreshDirect, LLC, and AmazonFresh among others.

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This report segments the North America e-grocery market as follows:

North America E-Grocery Market: By End Users Segmentation Analysis

  • Individuals
  • Organization
    • Small and Medium Enterprises
    • Large Enterprises

 

North America E-Grocery Market: By Type Segmentation Analysis

  • Indirect
  • Direct

 

North America E-Grocery Market: By Product Type Segmentation Analysis

  • Food Grains
  • Bread, Bakery and Dairy Products
  • Fruits and Vegetables
  • Dry and Baking Products
  • Beverages
  • Others

 

North America E-Grocery Market: By Business Model Segmentation Analysis

  • Delivery
  • Takeaway

 

North America E-Grocery Market: By Platform Segmentation Analysis

  • Web Based
  • App Based

 

North America E-Grocery Market: By Purchase Type Segmentation Analysis

  • One-time Purchase
  • Subscription

 

North America E-Grocery Market: Regional Segmentation Analysis

  • U.S.
  • Canada
  • Mexico

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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