Europe Online Grocery Market Growth 2023- Industry Size-Share, Scope, Rising Trends, Increasing Demand, Future Challenges, Business Opportunities and Forecast Report 2033: SPER Market Research
Online grocery shopping refers to the process of purchasing food and other grocery items through digital platforms, such as websites or mobile applications. It offers consumers the convenience of browsing through a wide range of products, making secure payments, and selecting their preferred delivery or pickup options. By opting for online grocery shopping, customers can avoid the need to visit traditional brick-and-mortar stores, saving time and effort while still fulfilling their grocery needs efficiently.
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%.
Due to a number of motivating factors, the European online grocery business has seen tremendous expansion in recent years. First off, the convenience that internet platforms provide has been a significant driver of the market’s growth. The convenience of grocery shopping from the comfort of their homes, which saves them time and effort, is valued by consumers. The market’s popularity is further influenced by the accessibility of a large variety of goods and the simplicity of comparing costs from other vendors. Also, a bigger audience now has easier access to online shopping because to the quick development of technology and the rising use of smartphones. The popularity of high-speed internet and safe payment methods has increased people’s trust in making supermarket shopping online.
Despite its development and potential, the European online grocery sector still has a number of difficulties. The necessity for effective last-mile delivery solutions to guarantee timely and fresh delivery of perishable items is one of the major challenges. To properly establish consumer trust, questions about product quality and freshness as well as potential damage during transit must still be addressed. Existing businesses face issues due to the fierce rivalry among online grocery platforms and the entrance of new players. For ongoing growth and success in the fiercely competitive environment, overcoming logistical challenges and adapting to changing consumer preferences will be essential.
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Impact of COVID-19 on Europe Online Grocery Market
The online grocery sector in Europe was significantly impacted by the COVID-19 outbreak. Lockdowns and social isolation policies were put in place to stop the virus from spreading, and as a result, demand for online grocery delivery services increased. Even those who had previously been apprehensive about online shopping have come around to e-commerce due to its convenience and security. Online grocery sellers had to make quick adjustments as a result of the unexpected increase in demand’s tremendous pressure on the supply chain and delivery systems. While the pandemic boosted market expansion, it also made clear the necessity for a solid infrastructure and cutting-edge solutions to satisfy changing consumer demands.
Europe Online Grocery Market Key Players:
Geographically, the Europe online grocery market has been categorized into different regions, including Germany, France, the United Kingdom, Italy, Spain, and others. Presently, the United Kingdom holds the leading position in this market segment. Additionally, some of the market key players are Alibaba Group Holding Limited, Amazon.com, Inc., Carrefour S.A., Sainsbury’s, Tesco PLC, Others.
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: | · Dairy Products
· Meat and Seafood · Snacks · Staples and Cooking Essentials · Vegetables and Fruits · Others |
| By Business Model: | · Hybrid Marketplace
· Pure Marketplace · Others |
| By Platform: | · App-Based
· Web-Based |
| By Purchase Type: | · One-Time
· Subscription |
| By Region: | · Germany
· France · 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.
For More Information, refer to below link:-
Europe Online Grocery Market Future Opportunity
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