The Growing Landscape: United States Online Grocery Market Insights and Trends, 2023-2028
The latest report by IMARC Group, titled “United States 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 US online grocery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The United States online grocery market size reached US$ 127.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 358.7 Billion by 2028, exhibiting a growth rate (CAGR) of 18.8% during 2023-2028.
Online grocery refers to purchasing groceries and household items through internet-based platforms or websites. It allows consumers to shop for various food and non-food items, such as fruits, vegetables, dairy products, packaged goods, cleaning supplies, and personal care products, among others, from the comfort of their homes. Customers can browse virtual catalogues, select the desired items, and order online. Online grocery shopping offers convenience, time savings, and a wide selection of products and often includes features like personalized recommendations and subscription services.
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Market Trends and Drivers:
The global market is majorly driven by the convenience offered by online grocery. Online grocery shopping provides a convenient alternative to traditional brick-and-mortar stores, allowing customers to shop from their homes. In line with this, busy schedules and the hectic lifestyles of consumers are significantly contributing to the market. Furthermore, online grocery platforms' wide range of products is positively influencing the market. Several market players are also offering subscription services, providing customers with regular deliveries of essential items and ensuring they never run out of groceries.
Apart from this, home delivery provided by such platforms is catalyzing the market. It eliminates the need for customers to travel to the store, providing added convenience, especially for those with mobility challenges or limited access to transportation. Besides, online grocery platforms often offer competitive prices, discounts, and deals, allowing consumers to save money on purchases. This, in turn, provides numerous opportunities to the market. Additionally, the advancements in logistics and delivery technologies have made it possible for online grocery retailers to offer faster and more reliable delivery services, further providing a boost to the market.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/united-states-online-grocery-market
Key Market Segmentation:
Breakup by Product Type:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
Breakup by Business Model:
- Pure Marketplace
- Hybrid Marketplace
- Others
Breakup by Platform:
- Web-Based
- App-Based
Breakup by Purchase Type:
- One-Time
- Subscription
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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