According to a new report, published by KBV research, The Global Instant Grocery Market size is expected to reach $418.7 billion by 2028, rising at a market growth of 19.6% CAGR during the forecast period.
The Food Products segment acquired maximum revenue share in the Global Instant Grocery Market by Product in 2021 thereby, achieving a market value of $271.4 billion by 2028. The growth of the segment is majorly rising due to the fact that owing to online platforms' ease of accessibility, grocery purchasing has altered throughout time. Nowadays, people prefer to order their groceries online since it is quick and easy, and it offers a large selection of food items that can be delivered to customers' doorsteps in a certain period of time.
The North America market dominated the Global Instant Grocery Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $140.7 billion by 2028. The Europe market is exhibiting a CAGR of 19.1% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 20.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/instant-grocery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon.com, Inc., Swiggy, Walmart Inc., Delivery Hero SE, DoorDash, Inc., Target Corporation, Uber Technologies, Inc., Ocado Retail Ltd., Blink Commerce Private Limited, and Instacart.
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