Is it worth starting an online grocery delivery business in 2021?
The eCommerce grocery business has become one of the most profitable ideas to step into the online market, considering the current ongoing market situation. Customers these days have become more familiar with online grocery shopping and are taken away with factors like convenience, offers, home delivery services, and additional features like contactless delivery.
If stats are to be believed then according to Orian Research, the global grocery market is expected to grow at a CAGR of 23.7 per cent in the period of 2020-2015. Talking about the top market players in this niche, Peapod, Instacart, FreshDirect, FARMIGO, etc, all have enjoyed profits in the past 2 years, due to a sudden rise in demand.
As mentioned earlier the online grocery delivery service has been beneficial for all its stakeholders that include the admin of the online grocery delivery platform, the merchants/local retailers, buyers and the delivery staff.
Talking specifically about the benefits of Online Grocery Delivery Platform for Merchants/vendor/Local retailers:
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Easy shop Management
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Multiple Orders Management
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Efficient Product Management
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Inventory Management
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Tracking Daily Sales Reports
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Logistics Support/Delivery Apps
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More Customer Base
The buyers/customer have a lot of benefits of shopping from online grocery ordering and delivery platforms like:
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Multi-lingual supporting different languages
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Multi-cart
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Multi-payment
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Delivery Scheduler option
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Mobile App to place browse and place orders
Considering the list of benefits, yes I think starting an online grocery delivery business is a great idea in 2021.
Whereas countries like the US currently stand at $20 - $25 billion in the online grocery delivery industry. By the end of 2021, the number is expected to reach $38.16 billion.
Other countries like Canada are spending around $6.4 billion per year on online grocery shopping making it a potential market to start your online grocery delivery business.
I truly believe that the idea of online grocery delivery or shifting your offline grocery business online is a profitable business decision for the year 2021 considering all the affecting factors.
For more details, you can continue reading the blog titled “ Setting up Online Grocery Business in 2021? Here is What you Need to Know” for valuable insights :
https://www.fatbit.com/fab/setting-online-grocery-business-2020-need-know/?=pc
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