E-grocery enables consumers to purchase grocery online via COD, credit cards, or internet banking accounts. Online grocers allow private individuals and businesses to purchase products of their choice without any time or location constraints. The online grocery market has gained momentum in recent years due to a growing number of new entrants in the Indian market. Many venture capitalists and angel investors are showing interest in e-grocery as there is immense potential and scope for growth.
Technavio's analysts forecast the e-grocery market in India to grow at a CAGR of 26.24% during the period 2014-2019.
Covered in this report
The report covers the present scenario and growth prospects of the e-grocery market in India for the period 2015-2019. To calculate the market size, the report considers revenue generated from the following segments of the market:
Technavio Announces the Publication of its Research Report – E-Grocery Market in India 2015-2019
Technavio recognizes the following companies as the key players in the E-Grocery Market in India: AaramShop, BigBasket, Jiffstore, Localbanya, Nature's Basket and ZopNow
Other Prominent Vendors in the market are: Bazaar Cart, Farm2Kitchen, Grofers, MyGrahak, My247Market, PepperTap, Reliance Fresh Direct, and Veggie Bazaar.
Commenting on the report, an analyst from Technavio’s team said: “Interest in m-commerce has increased in recent years, with 76% of the total online population in India using mobile Internet. The number of online mobile users in India as of June 2015 is 213 million. This was an increase of 23% over the previous six months. This has influenced e-grocery companies to develop and focus on operations on mobile platforms.”
According to the report, e-grocery vendors provide easy online payment options, which facilitate convenient shopping for consumers. Customers have a choice of payment methods such as credit and debit cards, COD, and Internet banking accounts, to select from while conducting their online grocery purchase. The availability of easy payment modes attract consumers to the market, resulting in significant market growth.
Further, the report states that complexities in the supply chain management and intense competition among players may continue to affect considerably the profit margins of vendors during the forecast period.
AaramShop, BigBasket, Jiffstore, Localbanya, Nature's Basket, ZopNow, Bazaar Cart, Farm2Kitchen, Grofers, MyGrahak, My247Market, PepperTap, Reliance Fresh Direct, Veggie Bazaar