India Online Grocery Market to Grow at CAGR of 33% through FY2027
Booming e-commerce industry and increasing disposable income to drive online grocery market of India in the forecast period. According to TechSci report on, “ India Online Grocery Market - By Region, Competition Forecast & Opportunities, FY2017 - FY2027”, India online grocery market is projected to grow with a CAGR of 33% in the forecast period, FY2023-FY2027 to reach a market value of USD26.63 billion by FY2027. India online grocery market growth can be attributed to increasing disposable income and better internet connectivity for the online ordering of groceries. Rising urbanization and increasing working population are some of the key factors for the growth of online grocery market. Online grocery platforms offer fresh groceries and COVID-19 safety is another factor for the significant increase in adoption of online grocery. In order to increase the consumer base, some companies are focusing on providing quick delivery services, especially in major metro cities. Companies