In terms of revenue, the Global Online Grocery Delivery Services Market is expected to reach USD 1670.3 Billion by 2030, growing at a CAGR of 26.9% from 2023 to 2030.
Market expansion is expected to be fueled by several factors, such as the spread of the Internet, changing lifestyles and eating habits, increasing demand for convenience and time-saving services, and the growth of e-commerce. Other factors driving the market include the COVID-19 pandemic, which has increased demand for online grocery services due to social distancing and lockdowns. The market is also expected to get opportunities to grow due to the increased availability of smartphones, tablets, and other devices, making it easier for consumers to shop online. In addition, the increasing number of e-commerce delivery service providers and efforts to improve their services, including faster delivery times, wider product range, and more attractive prices, are expected to boost the market growth in the coming years.
Key Highlights from the Report
. Based on Product Type, in 2022, the staple food and cookware segment held the largest market share. Basic products include the demand for grain and oil, which are essential for every household. In the Asia-Pacific region, in particular, the milk market is expected to grow at the level of the basic plant market. Thanks to home delivery of milk and milk products, this market is growing. Due to the availability of meat and seafood, this market is also expected to increase during the forecast period. Online stores include a wide range of products such as cereals, vegetables, fruits, bakery and breakfast products, poultry, and meat.
. Based on Delivery Type, the segment can be further classified into click-and-collect or home delivery. The home delivery category is expected to dominate the share of Online Grocery Delivery Services market during the forecast period. The click and the whole process allows the customer to order products through the website and, at the same time, choose the pickup option. So it helps to save time and shipping costs. Meal kit delivery is also gaining popularity as people want to prepare nutritious meals at home without going to grocery stores.
. Based on End User, the segment can be classified as individual consumers, institutional buyers, large enterprises, hospitality industry, one-time or subscription customers. Subscription services are growing rapidly and have a niche market. This helps customers get free shipping cashback offers and prioritize earlier delivery times. This helps build trust among customers and encourages customers to opt for annual subscriptions. In recent years, e-commerce orders have grown. Rewards or savings are offered for customer retention or subscription services.
. In terms of Region, North America is expected to be the dominating region in for Online Grocery Delivery Services market during the forecast period. Several social trends, such as traffic congestion and longer working hours, have contributed to the rise in popularity of online shopping in the North America region. In most Asian cities, traffic jams are a common occurrence, making travel very stressful. Asian countries also have the longest working hours, requiring online service for products to save time and effort. As a result, the growth of the industry is expected to accelerate.
The expansion of the global online grocery industry is influenced by many factors, including the rise in popularity of electronic tools, the rapid growth of e-commerce, and the rapid popularity of fast delivery solutions. The growing advantages of the online grocery services market, such as easy accessibility, doorstep delivery of groceries, user-friendly payment options, and discounts, are paving the way for the growth of the global grocery services market. Easy door access, higher quality products, and no geographical boundaries are behind the growth of the Online Grocery Delivery Services market. Consumers are more likely to choose online shopping over physical shopping because of the convenience of door-to-door delivery. Today, companies that sell their products on the Internet offer excellent product quality, which shows the willingness of the customer to order regularly from a certain website. The development of the industry is due to increased investment in the expansion of electronic commerce and the adoption of attractive marketing strategies. Due to the increase in competitiveness and a large number of shops in unorganized industries, online stores are introducing more and more free deliveries and offering significant discounts. Consumers appreciate timely and free delivery, which is driving the growth of online grocery shopping.
Additionally, the COVID-19 pandemic has led to a huge increase in demand for online grocery services. Contactless deliveries and online payment options encouraged by the government have also attracted people to use online shopping delivery services. Global and local e-commerce platforms such as Amazon, Blinkit, and Flipkart have rapidly changed their delivery services, which has increased the demand for online shopping services in the region. People working from home, an increase in disposable income, and easy access to these platforms lead to the growth of the market.
Grocery shop automation software is deployed to compete with the market in order to automate manual tasks and procedures and accurately decrease pricing errors. The online grocery pickup and delivery market is one that many companies are attempting to get into. After the epidemic, this new tendency will aid in the growth and prosperity of shops. These platforms provide rewards in the form of loyalty programs to keep clients with a specific business. This loyalty program helps to compete with large companies as well as small grocery stores. In the market, many platforms offer electronic trading facilities. Personalization, based on customer preferences, also plays a very important role, and retailers should make their own software that makes recommendations.
However, factors such as competitiveness among companies, limited delivery areas, challenging logistics, difficulty with fresh food, and high delivery fees are curbing the growth of Online Grocery Delivery Services market.
North America dominated the overall Online Grocery Delivery Services market in 2022, North America Online Grocery Delivery Services Market is estimated to be the most opportunistic market during the forecast period. Factors such as rising population, rising disposable incomes, and sophisticated food-loving consumers across the region are contributing to the growth of the Online Grocery Delivery Services market. In addition, the growth of mobile accessibility and the adoption of broadband is challenging the traditional grocery business model of allowing customers to buy food anywhere, anytime. Several social trends, such as traffic congestion and longer working hours, have contributed to the rise in popularity of online shopping in the North America region.
The Global Online Grocery Delivery Services Market is Segmented as follows
A list of the Key Players of the Global Online Grocery Delivery Services Market is
Tesco PLC (UK), Supermarket Grocery Supplies Pvt. Ltd. (BigBasket) (India), AEON Co. Ltd. (Japan), Amazon.com Inc. (U.S.), Blink Commerce Private Ltd. (India), Alibaba.com (China), Natures Basket Ltd. (India), JD.com Inc. (China), Instacart (U.S.), Reliance Retail (Reliance Fresh) (India), Rakuten Group Inc. (Japan), Walmart Inc. (U.S.), Target Brands Inc. (U.S.), The Kroger Co. (U.S.)
The Global Online Grocery Delivery Services Market Scope can be Tabulated below
Market Size Provided for Years
2017 - 2030
2017 - 2021
2023 - 2030
Regions & Counties Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19