The Global Online Grocery Market was worth US$492.22 billion in 2023 and is anticipated to surpass US$2,984.27 billion by 2032. According to Renub Research, it is expected to expand at a CAGR of 22.17% from 2024 to 2032.
As a digital platform, the online grocery industry offers numerous benefits to consumers. It provides convenience, a wide range of products, and time-saving advantages. This industry has been experiencing various trends to enhance the online grocery delivery experience. For example, in March 2023, Amazon.com partnered with Rite Aid to offer 2-hour delivery to Prime members for cosmetics and grocery essentials.
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Several key factors drive the expansion of the online grocery sector. Foremost among these is the increasing consumer demand for convenience. Online grocery shopping allows consumers to browse, compare, and purchase products from the comfort of t