Online grocery market size to grow by USD 740.88 billion between 2022 and 2027 | APAC will account for 63% of the market growth - Technavio
NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The global online grocery market size is projected to grow by USD 740.88 billion between 2022 and 2027, accelerating at a CAGR of 13.14% during the forecast period.
- NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The global online grocery market size is projected to grow by USD 740.88 billion between 2022 and 2027, accelerating at a CAGR of 13.14% during the forecast period.
- APAC will account for 63% of the market growth during the forecast period.
- Factors such as rising income levels, Westernization of buying habits, and rising awareness about online grocery shopping are driving the growth of the online grocery market in APAC.
- Some of the key vendors covered in the report include:
Amazon.com Inc. – The company offers online grocery such as fruits and vegetables.