E-Commerce Today - Online Grocery Market Surge Fueled By Convenience And Innovation

The online grocery market is set for substantial growth, with projections indicating a rise from US$ 595.58 billion in 2024 to US$ 3.61 trillion by 2033, driven by a compound annual growth rate (CAGR) of 22.17%. This expansion is attributed to growing consumer demand for convenience, increased smartphone adoption, and personalized shopping experiences enhanced by AI and machine learning. The COVID-19 pandemic has accelerated the adoption of online grocery shopping, emphasizing the need for contactless and efficient service. Furthermore, advancements in digital payment systems and logistics are refining delivery processes, contributing to a seamless consumer experience across regions such as North America and Asia-Pacific. Major players actively shaping the landscape include Amazon, Walmart, and Instacart, alongside regional competitors, all focused on delivering rapid and efficient service.

• Walmart (NYSE:WMT) last closed at $96.43 down 1.4%.

In other market news, Hydsoft TechnologyLtd (SZSE:301316) was a standout up 20% and closing at CN¥50.11. Last week, the company announced a private placement to issue common shares at CNY 20.26 per share. Meanwhile, Aditya Birla Fashion and Retail (NSEI:ABFRL) trailed, down 66.6% to end the day at ₹89.85, not far from its 52-week low.

Walmart's strategic pivot towards high-margin ventures and e-commerce enhancements positions it for enhanced profitability. Click to explore Walmart's compelling growth narrative.

On a related note, revisit our Market Insights article "Beyond the US: Global Markets After Yet Another Tariff Update" to better understand the impact of new tariffs on global e-commerce dynamics, and get in fast for strategic insights.

Best E-Commerce Stocks

• Alibaba Group Holding (NYSE:BABA) settled at $123.59 down 1.3%.
• Amazon.com (NasdaqGS:AMZN) closed at $201.12 down 1.4%. This week, Amazon faced investor activism over warehouse working conditions, while launching several new products on its platform and expanding partnerships in Europe and employee rewards systems.
• NIKE (NYSE:NKE) settled at $59.98 down 4.1%.

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• Jump into our full catalog of 254 E-Commerce Stocks, which includes Troy Information Technology, LPP and Takashimaya Company, here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Online Grocery Market Forecast Report and Company Analysis 2025-2033 Featuring Tesco, Walmart, Auchan SA, Kroger, Carrefour, Costco, Koninklijke Ahold Delhaize, and Target" from Research and Markets on GlobeNewswire (published 19 May 2025)

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