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What is the percentage of online grocery shopping in India?
The online segment dominated the market with a share of 63.8\% in 2020 and is expected to expand at the highest CAGR during the forecast period.
How big is the grocery industry in India?
A RedSeer report from late last year pegged India’s grocery market size at $790 billion by 2024. A new report puts this figure at more than $850 billion in 2025 – tracing a compound annual growth rate (CAGR) of 8\% in the build up.
Which is India’s largest online supermarket?
BigBasket
COIMBATORE: BigBasket, India’s largest online supermarket, has successfully catered to 25,000 customers in Coimbatore in a short span of 1 year.
What is driving the online grocery market in India?
The India online grocery market is primarily driven by rapid urbanization, along with significant growth in the e-commerce industry.
How covid-19 has impacted the online grocery market in India?
Get detailed insights regarding the impact of COVID-19 on the market. The Indian online grocery market reached a value of US$ 3.02 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 29\% during 2021-2026.
How much do consumers spend on groceries online?
According to a study by Nielsen, 70\% of the consumers will shop groceries online by 2024. Subsequently, consumers in the US alone will be spending $100 billion annually on online food and beverages, which is equal to every household spending about $850 annually.
What is online grocery store business model?
Online Grocery Store Business Model: A business owner starts his online grocery store (website/app) and delivers groceries to customers in a specific city or region. Either, he has inventory stored in a warehouse or running an offline grocery store. In this business model, there are mainly two players- 1.