If we look at the online grocery industry analysis for the last year, online purchases of fresh groceries and consumer packaged goods enjoyed a 40% year-over-year growth spurt. This tremendous growth has exceeded all projections and expectations, triggering a race among entrepreneurs. As this booming grocery industry picks up pace, the larger share of revenue will go to the participants who are quick to announce their business.
Online shopping has matured enough and consumers have become accustomed to buying things online. This has removed the hurdles faced by other sectors in the past where they had to first earn the trust of consumers. The best part of online shopping site is that consumers can easily select delivery slots preferred by them which results in the timely delivery of products as per the requirement of the consumers.
Analysis for online grocery
There are several reports that suggest the online grocery market in India alone could grow five folds over the next decade, where consumers are expected to spend upwards which is a promising forecast and the same is expected to be witnessed all across the globe. Online stores market analysis state that by the end of 2019, nearly 20 million new consumers will adopt online grocery shopping. Out of them, 85% would be willing to use at-home delivery while the rest would go for in-store pickup. Digital market for grocery is expected to be one of the fastest-growing sectors in India.
In the next few years, we’ll see a reduced number of people in the offline stores as most of the shopping will move online in India. Improved delivery methods like drones and robust logistics will further add to the growth of online grocery shopping which is the perfect time for anyone to start their own online venture by using a ready-to-launch solution.