Emerging startups coupled with rising number of millennials and Generation Z elevating towards online shopping has amplified the size of the US Online Grocery and Food delivery Industry in the US.
The report titled “US Online Grocery and Food Delivery Market Outlook to 2021 – Growing Popularity of Online Mode of Shopping among Millennials in the US to Foster Future Growth” by Ken Research suggested a multi bagger CAGR of 18.1% in GMV in online grocery market and CAGR of 16.5% in online food delivery market in the US in between 2016 and 2021.
Millennial shoppers have been a driving force in the online grocery market and the percentage of millennial shoppers has been rising over the years. Moreover, in the US, Millennials are observed to use digital tools with regularity compared to other generations. Generation Z (less than 18 years) and millennials tend to use these tools with respect to the associated enthusiasm for comfort with technology. Large numbers of people are opting for online grocery shopping owing to increased convenience, variety of products, rising awareness about online shopping and delivery in a stipulated time. Major players such as Amazon, Google, Wal-Mart and others have been offering and promoting the facility of same-day delivery service which has aided market growth.
US online grocery and food delivery industry has witnessed a tremendous growth in past five years. There have been various mergers and acquisitions in recent years and few major players evolved in the market. Additionally, changes in consumer’s demographic factors, eating habits along with busy schedule, advancement in information technology and availability of labor force have created demand and opportunity in online food delivery industry in the country.
Increase in smart phone users, urban population, personal disposable income of the population and mobile retail ecommerce sales further assisted the market in generating high revenue. The online grocery and food delivery market in the US is highly organized with the presence of number of small and large players. The industry competition is primarily based on price and the convenience of service. Large number of players in the industry has led to firms facing competition from a large number of regional and local owner-operated companies, located mostly in key cities US is poised to be one of the fastest growing online grocery and food delivery markets worldwide, thus catering to the needs of consumers in the country.
Key Topics Covered in the Report
On Demand Grocery Apps in US
Home Delivery Takeaway in the US
Online Grocery Shopping Trends US
Online Grocery Orders US
Future Online Grocery
Forecast Online Grocery
Kroger Market Share Grocery US
US Online Grocery Sales
Food Delivery Apps in US
Amazon Grocery Market US
Diet Food Delivery in the US
Food Delivery Startups in US
Food Delivery Startups in US
Future Online Grocery Market
Online Food Ordering in the US
For more information on the market research report please refer to the below link:
Related Report by Ken Research
Ankur Gupta, Head Marketing & Communications