The market is poised to surge ahead at a CAGR of over 20 per cent through 2031, according to a report published by Fact.MR on online grocery delivery services.
The online grocery delivery services market is reportedly flourishing through increasing investments by key players in developing more advanced and innovative solutions such as mobile applications and user-friendly websites. Additionally, the outbreak of the coronavirus pandemic has taken digitization one step forward, which will benefit the market even in post-pandemic years, paving new paths for key players in this space.
- The global online grocery delivery services market is expected to ascend at over 20 per cent CAGR through 2031.
- Rise in requirement for fresh and frozen vegetables and fruits to boost demand.
- The United States to propel growth of North America for online grocery delivery solutions and services.
- The United Kingdom, Canada, Italy, France, and Japan to maintain positive industry outlook throughout the forecast period.
With the competition getting tougher, key players providing online grocery delivery services are launching new advanced solutions to retain and gain more customers.
For instance, Walmart Inc. launched its new extensive customizable categories such as Easy Family Meals, along with its Pick up & Delivery Services. As of 2020, Walmart surpassed Amazon in online grocery share.