Online Grocery Market Share Gross Margin, Regional Statistics, Competitor, Forecast 2030
Online Grocery Market Outlook The role of online grocers has gained prominence, especially in the duration of several lockdowns imposed during the duration of the COVID-19 pandemic. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. Online Grocery Market Size was valued at USD 11.5 Billion in 2022. The Online Grocery market industry is projected to grow from USD 12.95 Billion in 2023 to USD 33.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.61% during the forecast period (2023 - 2032). A rising preference for online shopping portals and the rising popularity of contactless payment systems are the key market drivers enhancing market growth. The development of several online apps' distribution capabilities is foreseen to add momentum to the growth of the online grocery market share. The improved internet accessibility and penetration of smartphones in different geo...