Online Grocery Market Size, Share, Growth Analysis, By Product type(Fresh Produce, Breakfast & Dairy, Snacks & Beverages, Meat & Seafood), By Purchaser Type(One Time Purchase and Subscription Purchase), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Global Online Grocery Market was valued at USD 0.35 trillion in 2022 and is anticipated to rise from USD 0.44 trillion in 2023 to reach a value of USD 2.66 trillion by 2031, at a CAGR of more than 25.30% during the forecast period (2024–2031).

Over the course of the projected period, the online grocery market growth is anticipated to be driven by two key factors. The shifting consumer buying habits as a result of the pandemic's onset and the unrelenting expansion of the e-commerce sector is a primary growth driver. Secondly, online grocers get access to a wide range of payment choices and guarantees for contactless delivery of the purchased groceries. This is anticipated to aid in the market's expansion during the forecast period. For this market to expand significantly in the forecast period, multiple specialty delivery alternatives such as click & collect and same-day delivery will always be available.

The demand for online food shopping is particularly being driven by the pandemic breakout. As a result, click & collect services is encouraging people to opt for online groceries, book the grocery online, and pick up the grocery they ordered at their convenience while avoiding crowds due to the ease of availability of time slots, lower service fees, and the convenience associated with picking up the grocery while on the way. In order to offer a convenient and complete consumer experience across their network of groceries, retailers are quickly developing click & collect options. Compared to traditional channels, the online channel offers consumers more options. E-commerce platforms enable customers to compare numerous products to one another and make educated purchases as a result. Grocers now have more options to promote their brands and prioritize quality. Features like saved preferences and order histories for reordering are also enhancing consumer convenience and influencing them to choose online grocery shopping, which is fueling the market’s expansion.

US Online Grocery Market  is poised to grow at a sustainable CAGR for the next forecast year.