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The online grocery market is predicted to register a CAGR of 12.61% during the 2020 to 2026 forecast period. A market research report predicts US$2,81,841.4 million valuation of the market by 2026. The growth is anticipated to be supported by the growing demand from companies across many industries. Based on the report, the growing application areas will drive growth in the market in the coming years till 2026. However, the availability of alternative solutions will negatively affect the online grocery market’s growth. The easy availability of alternative products is anticipated to be another factor which could turn out to be a threat to companies during 2020 to 2026. The market report based on primary and secondary data reveals that product type segments will witness a healthy growth till 2026. While the surging usage across different industries will support the market during the forecast period and the rising demand from a large number of manufacturers will also help the market globally, the growth could be affected by the weak supply chain which could hinder business activities. The low demand from developing countries is also expected to be responsible for stalled market growth till 2026.
The introduction of new products will drive growth in the market during the forecast period 2020 to 2026. Across all the segments including product type, the global market for online grocery will witness a healthy growth. However, factors such as the fluctuating prices of raw materials could become a threat to the market’s growth. Economic activities surrounding the online grocery sector will also get benefitted from the surging usage across different industries. Businesses across online grocery have been thoroughly studied and analyzed by online grocery industry’s expert researchers. Findings have been published in the online grocery market research report with forecasts till 2026.
Online Grocery Market Regional Overview:
The online grocery market, apart from the product and service related segments, is spread across the world. The regional markets of online grocery covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. Favorable government policies are set to be a key growth factor for businesses active in the online grocery space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the online grocery sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. Online grocery based businesses across the world will be supported by the presence of many untapped opportunities across the market during the forecast period 2020 to 2026. However, the growth could be hindered by the growing preference of consumers towards alternative solutions. The market is also segmented into the Middle East and Africa regions among others.
Industry News:
According to a filing with both the Competition Commission of India (CCI), Tata Sons Pvt. Ltd has agreed to buy India's leading grocer Big Basket for more than $1 billion. Tata Digital Ltd, a digital logistics affiliate of Tata Sons, has agreed to buy up to 64.3 percent of Supermarket Grocery Supplies Pvt. Ltd (SGS), a company that provides goods to commercial units. SGS will then take complete ownership of Innovative Retail Concepts Pvt. Ltd (IRC), a company that delivers goods to consumers through big basket. The majority of the big non-promoter investors would profit from this transaction. The initial owners would maintain an interest in the venture. Tata wants to purchase 64.3 percent of the company from current non-founder and non-promoter founders.
Complete Report Details @ https://www.marketresearchfuture.com/reports/online-grocery-market-9626
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