World Online Grocery Market to Grow at 20.47% CAGR to 2021

ReportsnReports.com adds Global Online Grocery Market 2017-2021 latest research report; The analysts forecast global online grocery market to grow at a CAGR of 20.47% during the period 2017-2021.

April 3, 2017 /MarketersMedia/ —

The global online grocery market analyst says the latest trend gaining momentum in the market is increased demand for functional food and beverages. Vendors worldwide market functional foods and beverages as products that provide a range of health benefits such as enhanced immune system, improved mental strength, improved heart rate, improved digestive health, hydration and electrolyte replenishing benefits, and better intestinal flora and gut function. Functional foods and beverages offer health benefits that appeal to consumers.

Complete report on online grocery market spread across 70 pages, analysing 5 major companies and providing 90 data exhibits are now available at http://www.reportsnreports.com/reports/929168-global-online-grocery-market-2017-2021.html

According to the report, one of the major drivers for this market is growing e-commerce in emerging markets. The growth of e-commerce worldwide has fueled the growth of online grocery market. The penetration of Internet has been increasing globally. This increases the ease of access to various websites and promotes the omni-channel model of shopping.

The following companies are the key players in the global online grocery market: Carrefour, Kroger, Target, Tesco, and Walmart. Other prominent vendors in the market are: ÆON, Aldi, Alibaba, Amazon, big basket, BigBazaar, Coles Supermarkets, Costco Wholesale, EDEKA, METRO AG, more, REWE, Safeway, Schwarz, and Tengelmann. Order a copy of Global Online Grocery Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=929168

Global Online Grocery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global online grocery market for 2017-2021. To calculate the market size, the report considers the retail value sales of grocery products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. One of the major factors responsible for the online grocery market growth in the region is the growth in the leading CPG manufacturers through online distribution. Also, seasonal gifting of cosmetics is another major factor in this region to drive the online grocery shopping.

Further, the online grocery market report states that one of the major factors hindering the growth of this market is end-users' perception of online grocery shopping. Despite the healthy growth that the online grocery shopping is enjoying, online grocers are facing a tough time creating a favorable perception among many end-users. As the market is at its nascent stage, compared to the huge market for grocery items, vendors find it hard to create to a positive impact on end-users' mind.

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Release ID: 182594