DUBLIN--(BUSINESS WIRE)--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.
United States Online Grocery Market will reach US$ 622.92 Billion by 2032 from US$ 159.54 Billion in 2023, with a CAGR of 16.34% during 2024-2032.
The grocery industry is often portrayed as a laggard in adopting ecommerce technology. This perception is fed in part by the lower pace of consumer adoption for groceries when compared to other items. Increased smartphone usage is a major contributing factor to the increased adoption of online grocery shopping. The ease of buying things online on a mobile device that is never very far from the user makes it convenient to order groceries in between other important things.
United States online grocery shopping has become common in urban and suburban areas, with many consumers opting for home delivery or curbside pickup options. The market for online grocery stores in the United States is primarily driven by rising disposable income and a growing preference for comfort. Ordering groceries is made simple and convenient by online grocery stores. It saves time, and different assets additionally give a broad scope of food as well as non-staple items.
The rising millennial populace and developing internet business market have additionally added fuel to the development of the market. Besides, the improvement of plans of action by predominant players and a mix of voice innovation will additionally drive the development of the market. Smartphones are widely used for online shopping because they are simple to use and let users buy products through mobile apps. As a result, the market is expected to expand in tandem with the rising number of smartphone users over the forecast period.
United States Online Grocery Market Survey
- 2022, the Eating and Health Module captured for the first time nationally representative data concerning the prevalence and frequency of U.S. residents who report shopping for groceries online.
- The survey data revealed that nearly 9 out of 10 individuals aged 15 and older (87.2 percent) reported they usually grocery shopped for their household, either online or in-person.
- Of these, approximately 2 in 10 (19.3 percent) had bought groceries online at least once in the last 30 days.
- The frequency of online shopping varied. Among those who had bought groceries online in the past month, 30.2 percent did so once, 25.1 percent made two online grocery purchases, and 44.7 percent purchased groceries online three or more times.
- April 2023: 24% of men and 22% of women shopped for groceries online weekly
- July 2023: 44% of women shopped for groceries once a week, and 31% of men shopped two to three times a week
- 2023: 65% of millennials shopped for groceries online monthly
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 |
Key Players: Overview,Recent Developments,Revenue Analysis
- Tesco Plc.
- Walmart Inc.
- Instacart
- The Kroger Co.
- Costco Wholesale Corporation
- Target Corporation
- FreshDirect
- Peapod Online Grocer, LLC
Product
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat & Seafood
- Others
Purchaser Type
- Subscription Purchase
- One Time Purchase
Delivery Type
- Click & Collect
- Home Delivery
For more information about this report visit https://www.researchandmarkets.com/r/m2sy9t
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