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Online Grocery Delivery Services Booming amid Pandemic: Fact.MR
Especially during pandemic, sales via online channels have surged due to rising health concerns. These factors are providing lucrative opportunities to key players. Industry players are developing cost-effective applications and services to cater the surging demand among consumers. However, high transportation and logistics charges and lack of internet access in rural areas are likely to pose a challenge to the market.
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Key players profiled by Fact.MR providing online grocery delivery services include Alibaba Group Holding Ltd., Target Corp., Walmart Inc., Amazon.com Inc., Rakuten Inc., Costco Wholesale Corp., J Sainsbury PLC., and Albertsons Companies Inc. among others. Fact.MR evaluates the market as fairly fragmented. Key players are focusing on generating their revenues by launching a variety of products and services. Also, numerous food delivery app and e-commerce websites have forayed into online grocery delivery services, which has intensified existing competition.
For instance, in April 2020 , Zomato, a leading food delivery app launched its online grocery delivery services under the segment 'Zomato Market' amidst COVID-19 due to the nationwide lockdown.
Also, Box8, another e-commerce food delivery app launched its online grocery service in April 2020 reconfiguring their strategy and offering to deliver grocery to sustain and thrive in the industry.
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Fact.MR has published a market research report on global online grocery delivery services market for the period 2021-2031. The study gives a detailed segmentation on the trends, challenges and drivers of the market expected to prevail in the upcoming years. In order to gain a better understanding, the market is segmented on the basis of products (fruits, vegetables, dairy products, fresh products, frozen foods, and other food products) and region ( North America , Latin America , Europe , East Asia , South Asia , Oceania and MEA).
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