$43.3bn
$X.Xbn
71,273
5,497
$X.Xbn
Online grocery sales have surged as online shopping has shot up. The surge in the popularity of online shopping, along with an increase in per capita disposable income and consumer spending, contributed to significant revenue growth for the industry. Overall, industry revenue will climb at a CAGR of 16.3% over the five years to 2024 to reach an estimated $43.3 billion in 2024, including expected growth of 4.3% in 2024.
Industry revenue has grown at a CAGR of 16.3 % over the past five years, to reach an estimated $43.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Walmart Inc. | 12,169.0 | 510.6 | 4.2 | |
Amazon.Com, Inc. | 6,489.7 | 385.4 | 5.9 | |
The Kroger Co. | 4,887.1 | 112.2 | 2.3 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Fresh and frozen meat, fish and seafood, Fruits and vegetables and Egg and dairy products. Fresh and frozen meat, fish and seafood is the largest segment of the Online Grocery Sales in the US.
Beverages are a popular component of online grocery sales
Online grocery companies sell grocery items through online channels, including those wholly based online as well as those with a physical presence that also sell food products on the internet.
Purchase this report to view all 4 major companies in this industry.
NAICS 45411 - Online Grocery Sales in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 accelerated the popularity of online grocery shopping. Even as pandemic fears have subsided, consumers have continued to turn to online shopping because of the conve...
Learn about an industry's products and services, markets and trends in international trade.
Many consumers express concerns over the quality and freshness of the products offered online. This impacts online buying decisions, with some consumers still preferring to s...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Online grocers don't always establish operations following the distribution of the population. However, population density is an important factor in an operator's geographic ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Prices have become an important factor. Consumers can easily compare prices across platforms, so to mitigate this online grocery retailers offer customers various discounts, ...
Learn about the performance of the top companies in the industry.
Walmart is the largest online grocery store service. The company dominates sales by leveraging its well-known brand and existing infrastructure.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Online grocers do not receive any formal assistance from the federal or state governments. However, these grocers are indirectly assisted by industry associations like the Na...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Labor intensity makes wages a high expense. Wages represent more than a tenth of revenue since paid employees are needed to process orders, track inventory and deliver produc...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Online Grocery Sales in the US industry in United States is $43.3bn in 2024.
There are 5,497 businesses in the Online Grocery Sales in the US industry in United States, which has grown at a CAGR of 16.9 % between 2019 and 2024.
The market size of the Online Grocery Sales in the US industry in United States has been growing at a CAGR of 16.3 % between 2019 and 2024.
Over the next five years, the Online Grocery Sales in the US industry in United States is expected to grow.
The biggest companies operating in the Online Grocery Sales market in United States are Walmart Inc., Amazon.Com, Inc. and The Kroger Co.
Fruit and vegetables and Eggs and dairy products are part of the Online Grocery Sales in the US industry.
The company holding the most market share in United States is Walmart Inc..
The level of competition is high and increasing in the Online Grocery Sales in the US industry in United States.