What percent of groceries are bought online in India?

The online segment dominated the market with a share of 63.8\% in 2020 and is expected to expand at the highest CAGR during the forecast period.

What are 3 disadvantages of grocery shopping online?

Disadvantages included inadequate substitutions, the online shopping fee, lack of control over selection of perishable goods, and inability to find good deals online versus in the store. Further research is needed to determine how to encourage healthy grocery purchases online.

Why do people prefer online groceries?

Better Prices with Coupons/Discounts The purpose of online shopping is not only the availability of a wide range of different products. But they offer a lower price as well. That’s the one reason why do people shop online. There are several options available to compare prices from different stores.

What is the future of online grocery in India?

We believe this surge in demand is driven by a behavioural shift towards e-grocery through the last 12 months,” a company spokesperson says. The online grocery market in India is expected to touch $24 billion by 2025, accounting for just 3\% of the total grocery market, noted a recent report by RedSeer Consulting.

How big is the online grocery market in India?

As of 2019, Bigbasket – the online grocery store had the highest market share among online groceries in India at over 35 percent. The other competitors Amazon and Grofers were not far behind. The market value of online groceries was about 100.7 billion Indian rupees that same year.

What are the difficulties in shopping online for groceries?

One of the main problems with online grocery shopping is that their storage cost might fluctuate rapidly. Many elements are affecting the same like taxes, rent of the storage space, maintenance issues, electricity, and many more.

Why consumers do not shop online?

The results show the main reason respondents do not prefer to shop online is that they are concerned about the quality of a product. Hence, online vendors may use the findings of this study to improve their online store designs, streamline their online business operations, and improve their customer support services.

Is Jio Mart growing?

JioMart, which was launched in May 2020, saw 25\% quarter-on-quarter rise in orders, with 70-75\% repeat orders. JioMart is now present in 218 cities, while Reliance Retail’s kirana partnerships were up by a third during the quarter. “JioMart has really come in many ways to the rescue.

Is online grocery business profitable in India?

In last year over $120 million has been raised by online grocery startup in India like Grofers, Bigbasket, and more. As people are busy with their jobs and the growing popularity of online shopping grocery business does hold a profit even today.