Online grocery market - A quick overview Despite starting any business, it is imperative to perform in-depth market research. So, you will come to know the recent trends and customers’ expectations. Thereby, you can draft a business plan which will be a sure hit. Apart from knowing the current marketplace, it would be important to know the future scope of the market. A glimpse into the online grocery delivery market is as follows. ● According to Grand View Research, the online grocery delivery industry was valued at $189.81 billion in 2019. Experts predicted that it would soar at an annual growth rate of 24.8% between 2020 and 2027. ● In the United States, the market’s net value in 2020 was $95.8 billion, according to Statista. It is expected to touch $187.7 billion by the end of 2024. ● Another recent report shows that the sales of groceries online will increase by 21.5% by 2025, which is double the sales percentage compared to the current year in the United States. ● Worldwide, North America contributed 15% in terms of revenue generation. As predicted, Asia-Pacific’s online grocery market will grow to a larger extent in the foreseeable period. ● According to GroceryDrive, it is expected that nearly 30 million people will be inclined towards online grocery shopping by 2022. This implies that venturing into the online grocery delivery market with your app is a profitable business idea to consider. Nevertheless, you have to determine which audience to target. Take surveys to know your target audiences’ preferences.