MySupermarket

Sep 11, 2020

News provided by Share this article DUBLIN, Sept. 11, 2020 /PRNewswire/ -- The "Online Grocery - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027. Global Online Grocery Market to Reach US$550.7 Billion by the Year 2027 Amid the COVID-19 crisis, the global market for Online Grocery estimated at US$198.5 Billion in the year 2020, is projected to reach a revised size of US$550.7 Billion by 2027, growing at a CAGR of 15.7% over the period 2020-2027. The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 20.5% CAGR for the Period of 2020-2027 The Online Grocery market in the U.S. is estimated at US$57.1 Billion in the year 2020. The country currently accounts for a 28.77% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$110 Billion in the year 2027 trailing a CAGR of 20.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.4% and 14% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR while Rest of European market (as defined in the study) will reach US$110 Billion by the year 2027. Competitors identified in this market include, among others: Albertsons Companies, Inc.