Tuesday, October 17, 2017

Emerging Startups and Rising Investments by Venture Capitalists and Increasing Internet Penetration are expected to Drive Online Grocery and Food Delivery Market in the US: Ken Research

Millennials and generation Z shoppers elevating use of social media and digital tools in the country will create huge growth opportunities for online grocery companies.
Online ordering to surpass phone delivery ordering in the country in coming future will drive the demand for food delivery services.
Emergence of startups and mergers and acquisitions will intensify the competition in online grocery and food delivery services.
Convenient facilities provided by the online grocery companies is the major factor driving the industry.
Venture capitalists investing in the food delivery firms will further increase the demand for food delivery services.
US Online Grocery market is expected to grow at a robust rate in coming future owing to the rising number of start-ups which is expected to intensify competition with reduced prices, hence driving the market. The trend of grocery shopping has been changing over years from corner shops to online marketplace. The convenience and pricing have been factors of this changing consumer buying behavior. Millennial shoppers have been a driving force in the online grocery market and the percentage of millennial shoppers has been rising over the years. High population density in USA, high incomes, a lot of young consumers who work long hours, stores are not open late and deliveries are usually made in very short time span have been major growth drivers of US online grocery market
The online food delivery business is undergoing a rapid change majorly owing to development of new and innovative online platforms to capture maximum share in the country. Changes in consumer’s demographic factors, eating habits along with busy schedule, advancement in information technology and availability of labor force have created demand and opportunity in online food delivery industry in the country. The delivery and takeaway food is undergoing rapid change as online platforms are getting more popularity among people who wish to dine food within the home and yet want the quality of restaurant’s meals. Thus, increasing demand for home delivery and fast foods has propelled the growth of delivery and takeaway food market during the forecast period.
Ken Research in its latest study, US Online Grocery and Food Delivery Market Outlook to 2021 suggested AmazonFresh, Wal-Mart, Grubhub and Domino’s will continue their dominance but have to face fierce competition from the counterparts. The companies in the industry have plans to develop innovative services and acquire small players in upcoming years.
US online grocery and food delivery market is estimated to register a positive CAGR during 2016-2021. Growing number of startups, increasing convenience facilities, mergers and acquisitions, rise in millennial and Generation Z online shoppers, changing consumer trends, venture capitalists investing in food delivery firms and online ordering to surpass phone ordering will be the key drivers for the growth of the online grocery and food delivery industry in the country.
The report provided information on US online grocery and food delivery market, Market segmentation of US online grocery and food delivery, Future growth drivers & competitive landscape of major companies including AmazonFresh, Wal-Mart, Grubhub, Domino’s and others.
Key Factors Considered in the Report
Food Delivery Apps in US
Online Grocery Orders US
Amazon Grocery Market US
Diet Food Delivery in the US
Food Delivery Startups in US
Food Delivery Startups in US
Online Food Ordering in the US
Food Delivery Shopping Online US
Online Food Delivery App Download US
Number of Restaurant Apps Download US
For more information on the market research report please refer to the below link:
Related Report by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Monday, October 16, 2017

US Online Grocery and Food Delivery Market Research Report to 2021: Ken Research

How  Online Grocery  is Positioned in the US?
The online grocery service industry in the US is at nascent stage. The market has witnessed a robust growth over past six years. The online grocery industry has begun growing with the increase in millennials using online grocery has been on the rise over the years as they prefer paying more for the convenience and this behavior has led them to purchase grocery online even with high transportation charges. Moreover, the startup trend in this industry has made a positive impact on the market with various companies such as Shipt, Farmigo, Instacart and others entering the market.
Online grocery market has grown from USD ~ million in 2011 to USD ~ million in 2016, growing at a CAGR of ~% during the period. The increase in millennials using online grocery has been on the rise over the years due to increase in the smart phone users and internet penetration. Millennials prefer paying more for the convenience and this behavior has led them to purchase grocery online even with high transportation charges.
Which Product Category Dominated Online Grocery Market?
Bread and dairy products dominated the product category in the US online grocery market with revenue share of ~% of the total market in 2016 due to high usage of these products. Bread is staple food of the US and therefore, the usage of bread is highest, which results in excessive purchase of this product with the evolving online grocery, hence driving market for the segment. Similarly, the consumption of processed dairy products including cheese, evaporated and condensed milk and ice cream has inclined in the US in the recent years, which further justifies the reason behind dominating share of the segment. Fruit and vegetables were observed to hold second share in the market with revenue share of ~% in the total market. Rising consumption of fruits especially in form of juices has been observed as the major factor driving growth of the market. Both commercial and street wide juice vendors are observed to order fruits through online mode. Other product category includes beverages, household products, personal care and others.
Which Mode of Ordering is more popular in Online Grocery Market of the US?
Website as mode of ordering for online grocery shopping captured ~% revenue share in 2016 owing to the higher trust factor compared to mobile apps. The features such as comparability, big screen and others surpass the mobile apps. Moreover, there is no access to personal information of the customer while using websites and websites use less memory as compared to apps. The consumers are observed to be more comfortable in purchasing grocery through website mode, which further drives the market for the segment. ~% of the online shoppers in the US prefer to do shopping from websites majorly due to clarity of picture and specifications through the source.  Mobile as a mode of ordering for online grocery captured lower share than the website but is expected to grow in future owing to increase in tech savvy population,  rise in smart phone users and internet penetration. The rising population for using mobile for ordering online grocery can be advocated to high use of mobile apps such as Shipt, Instacart, Amazon Prime Now, Peapod, Google Express and others over the years. It was observed in 2016 that ~% of millennial used online grocery mobile app.
Which Factors are expected to Drive Growth of Online Grocery Market in the US in Future?
Online Grocery market will grow at a tremendous rate in coming future. The market will increase at a CAGR of ~% during 2016-2021 to reach at USD ~ billion in 2021 owing to rising smart phone users and internet penetration. Introduction of startups and mergers and acquisitions is anticipated to result in expansion of this market and number of stores and hence, the accessibility will increase for the consumers. Walmart had planned in 2016 to add additional 500 stores in the US. This will have a positive impact on the industry. Millennials and Generation Z have generated the highest revenue in the US online grocery market and this trend coupled with the changing perception of the consumers about online grocery is anticipated as a major growth driver for US online grocery market. Online grocery market will be largely dominated by Bread and Dairy products in coming future. The Bread and Dairy products orders will contribute a share of ~% in 2021 with mobile-app mode of ordering getting more popular among the nationals.
Which Food Type is expected to Dominate Food Delivery Market in the US?
Pizza dominated the US food delivery market with ~% revenue share in 2016 owing to the high consumption of pizza in the US. Italian is the most popular type of ethnic food in America and pizza tops the chart. Cheap deals and convenience have made pizza chains successful in the US. Moreover, easy availability and fast delivery have increased its consumer base leading to rising food delivery of pizza in the country. Additionally, the strong marketing strategies which include advertisements and promotional offers by players who are operating in Pizza-delivery market including Dominos, Pizza Hut, and Papa John’s has attracted huge number of customers towards them, providing segment dominant share. Pizza online ordering generated ~% of the total online ordering revenue in 2016, clearly advocates high demand for Pizza delivery.
Which Mode of Ordering Generates More Revenue For Food Delivery in the US?
Offline orders contributed ~% share in mode of food delivery in 2016 owing to the fact that people in the US tend to order through their mobile calls rather than through apps or website mode. Convenience and habit associated with ordering through offline mode has been considered as the major reason for high share of the segment. 9 out of 10 people in the US opted to order through phone for online or takeout food delivery orders in year 2015, clearly explaining reason for high share of the segment.
Online orders contributed ~% revenue share in mode of food delivery in 2016. The increase in number of smart phone users over the years has been observed as the major reason for changing consumer behavior towards online ordering. This has increased food delivery market revenue generation through online medium. The number of online orders doubled from ~ million in 2010 to ~ million in 2015, showing the trend of offline delivery shifting towards online delivery.
How are US Online Food Delivery market positioned?
The food delivery business in the country witnessed a rapid change majorly owing to introduction of new online platforms in the country. The online food delivery industry has been transforming over the years and the market incorporates two types of business models. The most common form of delivery method is still the traditional model in which the consumer places an order with the local restaurant over the phone and waits for the restaurant to bring food to the customer’s doorstep. This traditional model has occupied maximum share in the market and most of the orders are still placed on phone. As the digital technology is reshaping the customers are getting accustomed to placing order through mobile applications or websites. In terms of revenue, US online food delivery market witnessed positive growth with revenues increasing from USD ~ billion during 2011 to USD ~ billion during 2016 at a CAGR of ~% during 2011-2016. Online food delivery players allow consumers to compare offerings and order meals from a group of restaurants through a single website or app. Availability of multiple cuisines and various restaurants on a single platform for a minimal delivery charge attracted customers towards online food delivery.
Which Factors are expected to Drive Future Growth of the US Food Delivery Market?
Online Grocery market will grow at a tremendous rate in coming future. The market will increase at a CAGR of ~% during 2016-2021 to reach at USD ~ million in 2021 owing to changing consumer trends of choosing food delivery over dining. The innovative technology such as drone delivery announced by Amazon shall attract more customers to the food delivery market due to the factors such as time-saving and convenience. More technological advancements like this are expected to be introduced in the market during the forecast period, hence driving the market.  The food delivery services are expected to penetrate further in more cities and reach more consumer base leading to a positive impact on this industry.
Companies Cited in the Report
List of Companies                                  Companies Covered in the Report
Wal-Mart
Amazon Fresh
Peapod
Kroger
FreshDirect                 Major Players in the US Online Grocery and Food Delivery Market
Safeway
Domino’s
GrubHub
Pizza Hut
Papa John’s
Eat24
Postmates
DoorDash
Jimmy John’s
Panera
Key Factors Considered in the Report
USA Grocery Market
Food Delivery Apps in US
Online Grocery Orders US
Food Delivery Startups in US
Number of Orders Grocery US
Online Food Ordering in the US
Food Delivery Shopping Online US
Amazon Grocery Market US
Diet Food Delivery in the US
Food Delivery Startups in US
Home Delivery Takeaway in the US
Number of Restaurant Apps Download US
Competition in Online Grocery Market
Online Grocery Shopping Trends US
Online Food Delivery App Download US
Kroger Market Share Grocery US
For more information on the market research report please refer to the below link:
Related Report by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Indonesia Financial Cards and Payments Market Research Report: Ken Research

In 2016, the GDP growth of Indonesia was revised down to just 5.1% by World Bank following the slower-than-expected first half of the year. Although consumer expenditure still showed a positive outcome, growth of the consumer payments value slumped further in 2016 after non-performing 2015 which brought consumer payment value transactions to single-digit growth for the first time after more than a decade. Despite a slight improvement in the economy, consumers are more cautious in spending and lo

Euromonitor International's Financial Cards and Payments in Indonesia report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch. Product coverage: Financial Cards in Circulation, M-Commerce, Transactions. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
                    Get a detailed picture of the Financial Cards and Payments market;
                    Pinpoint growth sectors and identify factors driving change;
                    Understand the competitive environment, the market's major players and leading brands;
                    Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Key Topics Covered in the Report:
Indonesia Financial Cards and Payments Market Research Reports
Indonesia Financial Cards and Payments Market Share
Indonesia Financial Cards and Payments Market Analysis
Indonesia Financial Cards and Payments Market Trends
Indonesia Financial Cards and Payments Market Outlook
Indonesia Financial Cards and Payments Market Demand
Indonesia Financial Cards and Payments Market Growth
Indonesia Financial Cards and Payments Market Value
Indonesia Financial Cards and Payments Market Revenue
Indonesia Financial Cards and Payments Market Size

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Related reports


Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204

Millennials and Generation Z Shoppers Elevating Use of Social Media and Digital Tools to drive the growth of US Online Grocery and Food Delivery Market: Ken Research

Emerging startups coupled with rising number of millennials and Generation Z elevating towards online shopping has amplified the size of the US Online Grocery and Food delivery Industry in the US.
The report titled “US Online Grocery and Food Delivery Market Outlook to 2021 – Growing Popularity of Online Mode of Shopping among Millennials in the US to Foster Future Growth” by Ken Research suggested a multi bagger CAGR of 18.1% in GMV in  online grocery market and CAGR of 16.5% in online food delivery market in the US in between 2016 and 2021.
Millennial shoppers have been a driving force in the online grocery market and the percentage of millennial shoppers has been rising over the years. Moreover, in the US, Millennials are observed to use digital tools with regularity compared to other generations. Generation Z (less than 18 years) and millennials tend to use these tools with respect to the associated enthusiasm for comfort with technology. Large numbers of people are opting for online grocery shopping owing to increased convenience, variety of products, rising awareness about online shopping and delivery in a stipulated time. Major players such as Amazon, Google, Wal-Mart and others have been offering and promoting the facility of same-day delivery service which has aided market growth.
US online grocery and food delivery industry has witnessed a tremendous growth in past five years. There have been various mergers and acquisitions in recent years and few major players evolved in the market. Additionally, changes in consumer’s demographic factors, eating habits along with busy schedule, advancement in information technology and availability of labor force have created demand and opportunity in online food delivery industry in the country.
Increase in smart phone users, urban population, personal disposable income of the population and mobile retail ecommerce sales further assisted the market in generating high revenue. The online grocery and food delivery market in the US is highly organized with the presence of number of small and large players. The industry competition is primarily based on price and the convenience of service. Large number of players in the industry has led to firms facing competition from a large number of regional and local owner-operated companies, located mostly in key cities US is poised to be one of the fastest growing online grocery and food delivery markets worldwide, thus catering to the needs of consumers in the country.
Key Topics Covered in the Report
On Demand Grocery Apps in US
Home Delivery Takeaway in the US
Online Grocery Shopping Trends US
Online Grocery Orders US
Future Online Grocery
Forecast Online Grocery
Kroger Market Share Grocery US
US Online Grocery Sales
Food Delivery Apps in US
Amazon Grocery Market US
Diet Food Delivery in the US
Food Delivery Startups in US
Food Delivery Startups in US
Future Online Grocery Market
Online Food Ordering in the US
For more information on the market research report please refer to the below link:
Related Report by Ken Research
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-124-4230204