Online Grocery Market Size Worth $1.1 Trillion by 2027 | CAGR: 24.8%: Grand View Research, Inc.
JD.com, Inc. - American Depositary Shares (JD)
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Source: PR Newswire
SAN FRANCISCO, April 8, 2020 /PRNewswire/ -- The global online grocery market size is expected to reach USD 1.1 trillion by 2027, expanding at a CAGR of 24.8% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Increasing number of smartphones, their use, and rising number of smartphone users are anticipated to boost the market growth over the forecast period. Along with these factors, recent pandemic of corona virus is another major contributor of rising number of online grocery shoppers across the globe.Key suggestions from the report:The fresh produce segment is projected to expand at a CAGR of over 22.0% during the forecast period owing to increasing adoption of e-commerce platforms for buying fruits, vegetables, and other grocery items Asia Pacific is estimated to record the highest CAGR from 2020 to 2027 owing to rising younger population in the region that is more inclined toward online grocery buying The market is fragmented in nature and is characte
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