Europe Online Grocery Market Size and Share 2023- Industry Trends, Revenue, Growth Drivers, CAGR Status, Business Challenges, Opportunities and Forecast Research Report 2033: SPER Market Research
The term “online grocery market” describes the practice of buying food and other grocery products via digital channels like mobile apps or websites. Customers can use it to browse and choose products, pay for them, and arrange for pickup or delivery.
According to SPER market research, ‘’Europe Online Grocery Market Size- By Product Type, By Business Model, By Platform, By Purchase Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033” state that the Europe Online Grocery Market is predicted to reach USD 552.32 billion by 2033 with a CAGR of 16.13%.
Online grocery shopping provides a practical substitute for conventional brick-and-mortar stores, enabling customers to peruse and buy groceries while on the go or in the comfort of their own homes. Working parents, people with limited mobility, and busy professionals find this convenience factor especially appealing. The growth of the online grocery market in Europe can be attributed in large part to developments in digital technology and infrastructure. Customers now have the means to easily access online grocery platforms thanks to the widespread availability of smartphones and high-speed internet connectivity. Customers can now easily browse, choose, and buy groceries using their preferred digital devices thanks to user-friendly mobile applications and responsive websites.
When buying groceries online, some customers might still be hesitant to embrace the digital channel because they have doubts about the quality and freshness of the products. It can be difficult in some areas to build a strong logistics infrastructure necessary for the timely and effective delivery of perishable goods. For online grocery platforms to remain profitable in a cutthroat market, they must carefully control expenses related to inventory management, storage, and last-mile delivery. When moving from physical stores to an online presence, traditional grocery retailers may encounter operational difficulties as well as internal resistance.
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Impact of COVID-19 on Europe Online Grocery Market
Supply shortages and delivery delays resulted from an unexpected spike in demand for online grocery platforms. With a wider range of consumers adopting digital channels for convenience and security, the pandemic hastened the adoption of online grocery shopping. Even after the pandemic has passed, it is anticipated that the shift in consumer behavior will continue. To guarantee the safety of both consumers and delivery staff, online grocery platforms have put in place stringent health and safety measures, including temperature-controlled packaging, sanitization procedures, and contactless delivery. Due to production, distribution, and transportation disruptions, the pandemic revealed weaknesses in supply chains. To ensure a consistent supply of goods, online grocery platforms had to adjust to shifting supplier capabilities and put backup plans in place.
Europe Online Grocery Market Key Players:
The internet penetration rate, consumer preferences, and competitive environment all have an impact on the regional differences in the European online grocery market.
Western Europe: With high internet penetration and e-commerce consumer acceptance, nations like France, Germany, and the United Kingdom have become important online grocery markets.
Eastern Europe: Countries like Poland, Romania, and Hungary offer prospects for market expansion due to the region’s rapidly rising internet penetration and rising consumer awareness of online shopping.
Nordic nations: Distinguished by their elevated rates of digital adoption, nations such as Sweden, Norway, and Denmark are experiencing a meteoric rise in grocery shopping via the internet, propelled by convenience and ecological considerations.
Southern Europe: Online grocery shopping is becoming more and more popular in nations like Greece, Italy, and Spain as people enjoy the convenience and increased product selection that digital platforms provide.
Additionally, the key markets players are Amazon.com Inc., Delivery Hero, Doordash, Flink.
Europe Online Grocery Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Europe Online Grocery Market is segmented as; Dairy Products, Meat and Seafood, Snacks, Staples and Cooking Essentials, Vegetables and Fruits, Others.
By Business Model: Based on the Business Model, Europe Online Grocery Market is segmented as; Hybrid Marketplace, Pure Marketplace, Others.
By Platform: Based on the Platform, Europe Online Grocery Market is segmented as; App-Based, Web-Based.
By Purchase Type: Based on the Purchase Type, Europe Online Grocery Market is segmented as; One-Time, Subscription.
By Region: This research also includes data for France, Germany, Italy, Spain, United Kingdom, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Europe Online Grocery Market Future Outlook
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