The United States online grocery market is expected to grow with double-digit CAGR for the year 2020. The primary reasons for this growth are nationwide lockdowns due to COVID-19. However, there are other reasons too that is driving this market, such as rising disposable income, customers growing preference for a hassle-free shopping experience and people’s increasing inclination towards comfort. According to the Renub Research report, United States Online Grocery Market is expected to reach US$ 152.3 Billion by the end of the year 2026.
Amazon’s is dominating the online grocery market in the United States by offering two services — Amazon Prime Now and AmazonFresh. The Prime customer benefits program has been a key sales driver in grocery. On the contrary, Walmart is winning customers for its online grocery segment by steadily capitalizing on its existing brick-and-mortar footprint and proximity to its customer base. In the last few years, the online grocery shopping rate has more than doubled.
How COVID-19 is helping the United States Online Grocery Industry
As the spread of coronavirus stockpiling of groceries and supplies was in full swing across the United States. Due to this, online grocery sales get an even bigger lift from the pandemic COVID-19. The coronavirus outbreak has encouraged purchasers to buy food and essentials online in higher numbers and more frequently. Get the complete analysis of COVID-19 impact on the United States Online Grocery Industry in our report.
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