E-Grocery Market in India - Market Research 2015-2019
Market outlook of the e-grocery market in India
E-grocery allows consumers to purchase grocery online through various mediums such as cash on delivery (COD), credit cards, and internet banking without any time and location constraints. The e-grocery market constitutes a major part of the overall online retail market in India. The rising disposable income and growing digital awareness among consumers are fueling the market growth in India. Technavio’s market research analyst projects the e-grocery market in India to grow at a tremendous rate of around 26% during the forecast period.
The increased internet penetration has been a fundamental driver behind the growth of the e-grocery market in India. Social media has impacted the growth of online consumers dynamically in Tier I cities. For instance, Big Basket's Facebook page updates their customers about the extensive options and discounts available in different categories.
Competitive landscape and key vendors
The e-grocery market in India is witnessing intense competition among vendors based on pricing strategies and innovative services. This research report predicts the competition in the market to intensify during the forecast period as a result of product extensions.
The top five vendors in the market are –
- Nature's Basket
Other vendors in the market include Bazaar Cart, Farm2Kitchen, Grofers, MyGrahak, My247Market, PepperTap, Reliance Fresh Direct, and Veggie Bazaar.
Product based segmentation and analysis of the e-grocery market in India
- Edible oil
- Milk and dairy products
- Baby and child care
- Biscuits and cookies
- Laundry supplies
- Household and cleaning
- Cereals and breakfast
Staples, edible oil, beverages and milk and dairy products constitute nearly 46% of the market shares in the e-grocery market. These items are considered as essentials and are bought in high quantities. The price for staples, oils, and milk and dairy products are also of great importance to consumers and any fluctuation in the price of these products would affect the consumer buying behavior.
Segmentation by demographics and analysis of the e-grocery market in India
- Below 18 years
- 18-24 years
- 25-36 years
- 36 years and above
The 25-36 years age group accounts for the maximum share of the online grocery market as this segment constitutes working professionals who prefer to shop grocery online due to of lack of time.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the e-grocery market in India?
- What are the key market trends impacting the growth of the e-grocery market in India?
- What are the challenges to market growth?
- Who are the key vendors in the e-grocery market in India?
- What are the market opportunities and threats faced by the vendors in the e-grocery market in India?
- What are the key outcomes of the five forces analysis of the e-grocery market in India?
Technavio also offers customization on reports based on specific client requirement.