25-Jan-2023 | Zion Market Research
The global online grocery delivery services industry size was nearly $286 Billion in 2021 and is set to increase to about $2,159 Billion by 2030 with a CAGR of nearly 26% between 2022 and 2030.
Online grocery delivery services have gained popularity in the last few years subject to convenience and ease of access. The rise in digitization and surging use of the internet and smartphones indirectly cater to escalating demand for online grocery delivery services. Macroeconomic factors such as an increase in per capita expenditure on household & grocery items, and surging urbanization has enhanced the popularity of online grocery delivery services.
The expansion of the global online grocery delivery services industry is impacted by myriad factors. This includes the enhanced popularity of e-commerce tools, the rapid surge in m-commerce activities, and the swift popularity of fast delivery solutions. Growing benefits offered by the online grocery delivery services market such as ease of access, door-step delivery of groceries, user-friendly payment options, and discounts will pave a way for the growth of the global online grocery delivery services market.
The global online grocery delivery services market is divided into product type, end-user, and region.
On the basis of product type, the global online grocery delivery services industry is sectored into snacks & beverages, breakfast & dairy products, meat & seafood, fresh produce, and staples & cooking essentials segments. Furthermore, the staples & cooking essentials segment, which accounted for a major share of the global market in 2021, is anticipated to register notable growth over the forecast period. The growth of the segment over 2022-2030 can be owing to the repetitive purchase of staple food such as flour, food grains, and cooking essentials, including oil considered necessities in households across Asia–Pacific region.
Based on the end-user, the global online grocery delivery services market is segmented into individuals and others. Moreover, the individual segment is predicted to dominate the segmental growth in the forecast period. The segmental surge can be attributed to humungous demand for convenient shopping tools, particularly from the millennials & baby boomer population.
The Asia-Pacific region, which accounted for a major share of the global online grocery delivery services industry share in 2021, is predicted to continue its domination over the assessment period. The regional market surge can be attributed to favorable initiatives taken by governments of countries such as China and India towards promoting online shopping and e-commerce activities.
Apart from this, the North American region is also projected to make notable contributions toward the expansion of the online grocery delivery services market across the globe. The growth of the market in the region can be credited to the presence of major players such as Walmart Inc., Instacart, Amazon.com, Inc., Target Corporation, and Kroger Company in the sub-continent
This review is based on a report by Zion Market Research, titled “Online Grocery Delivery Services Market By Product Type (Breakfast & Dairy Products, Fresh Produce, Snacks & Beverages, Meat & Seafood, and Staples & Cooking Essentials), By End-User (Individuals and Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/online-grocery-delivery-services-market
Key participants profiled in the global online grocery delivery services industry include:
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