A revenue generation of over USD 1 Bn registered by Vietnam Online Grocery Market in 2021. Will growth continue in the future?: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In 2016, Online Grocery Penetration was 0.12% which increased to 1.85% in the year 2021 with smartphone Users aged 25-44 being the major target audience, says a report by Ken Research 1. Price, Delivery Cost and Delivery Time Amongst Most Influencing Factors tilting the consumer preference towards online shopping Click here :- Know more about consumer preference trends The most beneficial factor of shopping online was identified as a possibility to compare prices and buy at a lower price. Customer would prefer the operator that would offer similar products at a lower price. Grocery signifies urgency. Faster delivery increases the chances of regular and frequent orders and delivery fees, convenience charges or any other surcharges reduces the chances of regular orders. Moreover, customers prefer their orders to be delivered within the promised time slot, preferably between 6 – 9PM which has increased the demand for online platforms as the time slots are busy. Promotion techniques such as coupons, free samples, discounts, cashback offers increases the chances of customer retention. Hassle free payment, return & refund experience is an important factor in a purchasing decision. A clear return policy gives consumers a feeling of security which is often not the case in offline purchases. About 60% of online grocery shoppers prefers cash as mode of payment. 2. Covid-9 affected the growth of Online Grocery Market positively with people switching to Online platforms for grocery shopping To learn more about this report Download a Free Sample Report Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears. Customer’s habits have completely changed during the pandemic, which led to the sudden shift from offline to online shopping. COVID-19 has also made cashless transactions more popular among consumers. With lockdown measures in place, people resorted to online means of purchasing groceries. 3. “Express Delivery:” Increasing demand for fast-delivery of groceries is anticipated to be seen in the upcoming years as people expect more online platforms Visit this Link: – Request for custom report Features such as Express delivery, increasing service innovation is Expanding product assortments to ensure 100% product availability at all times. Virtual shopping tour with available products. Enabling consumers to compare products, prices and read labels & Facilitators in terms of shopping lists i.e. multiple family members could add to a common grocery wish list will be expected in the upcoming years with the market growing at a CAGR of over 20%. Moreover, improvement in delivery infrastructure is also something that can be expected to be there in the online grocery market in Vietnam. All in all, availability of products, discounts, express delivery are some of the trends that can be seen during the forecasted period. 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