United States Online Grocery Market Report 2024: Projected to Surge to $622.92 Billion by 2032, Driven by Tesco, Walmart, Instacart, Kroger, Costco, Target, FreshDirect, and Peapod Online Grocer
Dublin, May 24, 2024 (GLOBE NEWSWIRE) -- The "United States Online Grocery Market Report by Product, Purchaser Type, Delivery Type, Porter's Five Forces Analysis, SWOT Analysis and Company Analysis" report has been added to * ResearchAndMarkets.com's* offering.
The United States online grocery market, which valued at US$ 159.54 Billion in 2023, is anticipated to experience robust expansion, reaching an impressive valuation of US$ 622.92 Billion by the year 2032
This signifies a Compound Annual Growth Rate (CAGR) of 16.34% during the forecast period of 2024-2032. Factors propelling this growth include advancements in technology, the convenience of online platforms, and shifting consumer behavior towards digital shopping avenues.
Online grocery shopping has increasingly been embraced, particularly within urban and suburban demographics, where the convenience of home delivery and curbside pickup is highly valued. The market is driven by factors such as rising disposable income levels and a consumer preference for convenience. Technological enhancements, emerging business models, and the integration of voice technology into shopping platforms are expected to further bolster market growth. The rise in smartphone penetration only serves to fuel this trend, with more consumers turning to mobile applications for their grocery shopping needs.
*Insights from the United States Online Grocery Market Survey*
According to recent survey data, a significant shift towards online grocery shopping is evident among US residents. With a notable portion of the population having purchased groceries online within a recent 30-day window, and varying frequencies of online grocery purchases reported, the trend towards online grocery shopping is clear. Furthermore, demographic breakdowns showcase varying preferences and adoption rates, underlining the market's diverse consumer base.
*Leading Company Trajectories*
Key players operating within the United States Online Grocery market include Tesco Plc, Walmart Inc, Instacart, The Kroger Co, Costco Wholesale Corporation, Target Corporation, FreshDirect, and Peapod Online Grocer, LLC. Recent developments by these companies showcase innovative strides, ranging from expansion into quick commerce and drone delivery services to acquisitions that consolidate market presence.
*Product Segmentation Analysis*
The market report segments the United States online grocery sector by various product categories such as vegetables and fruits, dairy products, staples and cooking essentials, snacks, meat and seafood, and others. This segmentation provides enhanced understanding of consumers' purchasing preferences and habits in the online grocery space.
*Exploration of Purchaser Types and Delivery Models*
Analysis of purchaser types indicates a categorization between subscription-based and one-time purchase models. Similarly, delivery types are dissected into click & collect and home delivery options, providing insight into the operational dynamics of the market and the evolving landscape of grocery logistics. This analysis mirrors the changing consumer expectations and shopping experiences within the online grocery market.
*Conclusion*
The United States Online Grocery market report provides a comprehensive view of the market's current standing and projected growth. By analyzing various market segments, consumer behaviors, and company performances, the report paints a detailed picture of the factors contributing to the industry's current trajectory and future potential. The continued adoption of online grocery shopping and the innovative approaches by leading companies suggest a dynamic and growing market landscape through 2032.
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 100
Forecast Period 2023 - 2032
Estimated Market Value (USD) in 2023 $159.54 Billion
Forecasted Market Value (USD) by 2032 $622.92 Billion
Compound Annual Growth Rate 16.3%
Regions Covered United States
*Companies Featured*
· Tesco Plc.
· Walmart Inc.
· Instacart
· The Kroger Co.
· Costco Wholesale Corporation
· Target Corporation
· FreshDirect
· Peapod Online Grocer, LLC
For more information about this report visit https://www.researchandmarkets.com/r/308hsq
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*Attachment*
· U.S. Online Grocery Market
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