How Online Grocery Business is Gaining Popularity in the E-Commerce Industry?

From shopping on the high streets to buying everything online, the consumer behavior towards purchasing things has evolved over a period of time. The tech generation prefers getting everything done with a swipe or a click.

Earlier they were buying stuff like books, clothes, and gadgets online but now they depend on these platforms for their day to day needs as well.

The Rise of the Grocery Industry: Emerging Online Grocery Stores

The grocery industry is making headway. The size of the global food & grocery sector reached 8,045 billion US$ in 2017 and the experts are expecting it to grow at a CAGR of 6.8%. Over the next five years that will make it 11,204.5 billion US$ by the end of the year 2022.

That is HUGE!

Along with that, the emergence of e-commerce as a shopping mode has increased the accessibility to various local and international brands along with a wide range of product choices. Now people are looking forward to buying their daily requirements like groceries via online platforms.

The global online grocery market size was 27.5 billion US$ and it is expected to reach 129.5 billion US$ by the end of 2025, with a CAGR of 24.8% during 2019–2025.

Online Grocery Market Players

Since the customer base has increased, the online grocers are also supposed to cater to their needs. The top online grocers are increasing at a 3x rate year-over-year and the whole sector is also growing at an impressive annual rate.

Setting up Online Grocery Store

Online grocery stores are becoming popular as the business promises good revenue due to a large customer base. If you are planning to Set up an Online Grocery Business then specialized online grocery shopping platforms like Growcer would be the best choice. With the help of Growcer, you can get your single-vendor or multi-vendor eCommerce platform build exclusively for your grocery business.