COVID-19 Outbreak Impact on Online Grocery Market
ID: MRFR/CR/8068-covid | None | Author: Garvit Vyas| April 2020
Impact of COVID-19 Outbreak on Online Grocery Market —Forecast till 2022
The coronavirus COVID – 19 has affected more than 211 countries and territories globally. Governments across the world are taking stringent precautionary measures and issuing advisories to ensure people do not come out of their houses and the chain of coronavirus is broken. The majority of people are following the guidelines stated by their respective government officials. However, shopping of groceries may be single important task other than the healthcare, which has been forcing people to leave their house and enhance the risk of possible contact with the infected.
According to United Nations Conference on Trade and Development, global e-commerce sales was valued at over USD 32 trillion in 2019. North America was the largest contributor for the revenue generation of e-commerce sales in 2019. Among Asia-Pacific countries, Japan and China were the largest contributing countries for the market growth in 2019.
The COVID – 19 pandemics situation has changed the consumer’s way of shopping grocery. Consumers are increasingly taking online grocery platforms to buy even the perishables such as milk, eggs, and bread. Many online grocery providers are assisting local administrations to manage doorstep and contactless deliveries for safety measures. However, the online grocery market is facing challenges due to the pandemic. There is an increasing pressure on supply chain for delivering the products. The another challenge is, employees, as the online grocery providers need to equip their employees with proper resources and trainings to manage operations remotely with little or no disruption.
Many countries have been seeing the steep rise in the online shopping due to the lockdown. For instance, in South Korea the revenue generated from online shopping rose to 34% in February from a year prior due to the pandemic. Also, the revenue contribution of online shopping has increased by 9.1% from the same month a year ago. France has also seen the increase in supermarket and online sales after the COVID – 19 outbreaks during 24 February to 22 March 2020.
Europe Online Grocery Market Year on Year Growth Rate, (2017-2022)
Sources: MRFR Analysis
According to MRFR Analysis, Europe Online Grocery Market was valued at 33,450.9 in 2019 with a year on year growth of 8.62% from previous year 2018. The market is projected to see a drastic year on year growth of 10.35% in 2020 due to the COVID-19 outbreak. The online grocery shopping behavior might continue even after the period of social distancing ends, influencing consumers while selecting a retail channel.
Impact of COVID – 9 Outbreak on Online Grocery Market, by Region
Intended Audience
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