Market Overview

UK Online Grocery Market Size was valued at USD 12.95 Billion in 2023. The Online Grocery market industry is projected to grow from USD 14.582995 Billion in 2024 to USD 33.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.95% during the forecast period (2024 - 2032).

 

The market has gained immense traction over the past months because of the changing lifestyle of the consumers, growing urbanization, and the tech-savvy generation who prefers buying products online. With the growth in the disposable income of people followed by their busier lifestyles, people are increasingly seeking out customizable and convenient online platforms for grocery shopping instead of walking down to the neighborhood vendors. The rising preference for online delivery of grocery products became more visible following the COVID-19 outbreak. With the social distancing standards, consumers focus on UK Online Grocery shopping, which is a convenient and safer option. 

 

Initiatives such as no contact delivery and online payment have attracted consumers to buy their regular groceries from several online platforms, like Amazon, BigBasket, Grofers, etc. With the safety concerns encircling coronavirus and a large section of the citizens working from home, consumers' dependence on the online platform has increased significantly. It has provided several growth avenues to the market.

 

Key Companies in the UK Online Grocery market include

  • TESCO PLC (UK)
  • com Inc. (US)
  • Royal Ahold Delhaize NV (Netherlands)
  • Walmart Inc. (US)
  • Auchan SA (France)
  • The Kroger Co. (US)
  • ASDA (UK)
  • Albertsons Companies, Inc. (US)
  • ALDI (Germany)
  • Fresh Direct, LLC. (US)

 

Regional Analysis

In 2020, as a part of the APAC region in the UK Online Grocery market, India held the largest share of 34.6% in revenue. The Indian region is expected to maintain its lead over the forecast period. The regional growth is attributed to several prominent players, such as Supermarket Grocery Supplies Pvt. Ltd. (BigBasket), Grofers India Pvt. Ltd., and others like Amazon India Pvt. Ltd., in the region. Big Basket is the most preferred UK Online Grocery in the South Indian cities like Hyderabad and Bangalore. A prevalent change in the consumer landscape and becoming more accustomed to online shopping have been the key factors for the growth of UK Online Grocery in these markets.

West India is projected to be the second-fastest-growing region with a CAGR of 37.3% during the forecast period. This upsurge is because of the growing adoption of UK Online Grocery platforms by technically advanced millennials and working women. Cities such as Pune and Mumbai in West India consist of many working professionals who prefer buying groceries online owing to the convenience and comfort it offers. These factors are expected to provide growth avenues to the West India UK Online Grocery market shortly.

 

Market Segmentation

●      Product Type Outlook

●      Fresh Produce

●      Breakfast & Dairy

●      Snacks & Beverages

●      Meat & Seafood

●      Staples & Cooking Essentials

●      Others

●      Payment Method Outlook

●      Online

●      Offline (Cash on Delivery)

●      Regional Outlook

●      North America

●      Europe

●      APAC

●      RoW

 

Industry News

For instance, in November 2020, Amazon India Pvt. Ltd. started with the operations of its UK Online Grocery store Amazon Fresh in 4 more cities, namely Pune, Ahmedabad, Kolkata, and Chennai. The company stated that the service had been initiated in these cities by expanding its specialized geographical network that facilitates ultra-fast delivery services of groceries and daily essentials under the Amazon Fresh Store on Amazon.in.

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