Online Grocery Delivery Services Market Size, Share, Growth Report 2032

Online Grocery Delivery Services Market

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

Category: Food & Beverage Report Format : PDF Pages: 167 Report Code: ZMR-7095 Published Date: Jan-2023 Status : Published

Global online grocery delivery services market size was evaluated at $286 billion in 2021 and is slated to hit $2,159 billion by 2030 with a CAGR of nearly 26%.

Online Grocery Delivery Services Market

Industry Perspective:

The global online grocery delivery services market size was evaluated at $286 Billion in 2021 and is slated to hit $2,159 Billion by the end of 2030 with a CAGR of nearly 26% between 2022 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Online Grocery Delivery Services Market: Synopsis

Online grocery delivery services are becoming increasingly popular in recent years with their easy access and convenience. Apart from this, surging digitization and rising use of smartphones and the internet have contributed lucratively towards the expansion of the online grocery delivery services industry. Surging urbanization and huge spending on household & grocery products have boosted the popularity as well as demand for online grocery delivery solutions.

Key Insights

  • As per the analysis shared by our research analyst, the global online grocery delivery services market is projected to expand annually at the annual growth rate of around 26% over the forecast timespan (2022-2030)
  • In terms of revenue, the global online grocery delivery services market was evaluated at nearly $286 billion in 2021 and is anticipated to hit $2,159 billion by 2030
  • The global market is anticipated to surge at a remarkable rate over the forecast period due to technological advancements, swift urbanization, and changing consumers’ shopping behavior
  • Based on product type, the breakfast & dairy segment is projected to record the fastest CAGR of over 25.1% over 2022-2030
  • On the basis of region, the Asia-Pacific region is predicted to be a key revenue generator for the global market over the projected timeframe

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Online Grocery Delivery Services Market: Growth Factors

Technological breakthroughs and consumer preference for online grocery delivery to steer the global market growth

Technological advancements, swift urbanization, and changing consumers’ shopping behavior are driving the demand for grocery shopping through online touchpoints. This is likely to boost the expansion of the global online grocery delivery services market. Launching of new business models, such as on-demand or subscription delivery models by grocers has made online grocery shopping more popular among customers. Apart from this, huge soaps, offers, and discounts offered by firms during festive as well as non-festive seasons and free delivery of the food products at the doorstep of consumers will further elevate the global market trends. A prominent rise in the disposable income of consumers has bolstered the industry landscape. In addition, the rapidly expanding m-commerce industry will also contribute majorly towards global market growth.

Online Grocery Delivery Services Market: Hindrances

Growing preference of people in emerging economies towards purchase of products from offline retail store can hamper the global market expansion

A large number of people in emerging economies prefer purchasing groceries from the offline retail stores after physically examining the groceries and this can put brakes on the growth of the global market. In addition to this, a growing number of fraudulent cases witnessed in online transactions such as credit or debit card transactions, as well as cashless transactions, can inhibit the global market surge.

Online Grocery Delivery Services Market: Opportunities

Flourishing e-commerce activities to open new growth opportunities for the global industry

Thriving e-commerce sector and fast-track delivery of groceries will help the global online grocery delivery services market explore new vistas of growth in the years to come.

Online Grocery Delivery Services Market: Challenges

Less internet connectivity in rural areas and lack of access to smartphones in these areas have proved to be a major challenge for the global market

A large number of populations in rural areas do not have access to the internet or smartphones. Moreover, internet connectivity in some rural as well as remote areas is slow. Furthermore, online grocery delivery services levy additional charges such as logistics or transition charges on customers. All these aforementioned factors have posed a challenge to the growth of the global online grocery delivery services market. Moreover, a large number of consumers prefer purchasing vegetables and fruits from vendors than online outlets and this has proved to be a major challenge for business expansion.

Online Grocery Delivery Services Market: Segmentation

The global online grocery delivery services market is divided into product type, end-user, and region.

Based on product type, the global online grocery delivery services industry is segmented into meat & seafood, breakfast & dairy products, snacks & beverages, fresh produce, and staples & cooking essentials. Moreover, the breakfast & dairy products essentials segment is predicted to register the highest CAGR of more than 25.1% from 2022 to 2030. The segmental expansion over the forecast timeframe can be credited to escalating demand for a slew of milk and non-milk products along with doorstep delivery of these products ordered online. Furthermore, hectic lifestyle and a surge in the per capita income of consumers has also encouraged consumers to order these products through online channels.

Based on the end-user, the global online grocery delivery services market is segmented into individuals and others. Moreover, the individuals 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.

Recent Breakthroughs

  • In the first half of 2020, Zomato, an Indian based online food ordering & delivery service provider, launched online grocery delivery services in India. The strategic move will augment the growth of the online grocery delivery services industry in India and across the Asia-Pacific region
  • In May 2020, Reliance Industries Ltd, a key business played based in India, launched online grocery services referred to as JioMart. The initiative is aimed at garnering a huge share of the Indian online grocery services delivery market.

Online Grocery Delivery Services Market: Report Scope:

Report Attributes Report Details
Report Name Online Grocery Delivery Services Market Research Report
Market Size in 2021 USD 286 Billion
Market Forecast in 2030 USD 2,159 Billion
Compound Annual Growth Rate CAGR of 26.00%
Number of Pages 167
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Tesco.com, Supermarket Grocery Supplies Pvt. Ltd. (BigBasket), AEON Co., Ltd., Amazon.com, Inc., Blink Commerce Private Limited, Alibaba.com, Natures Basket Limited, JD.com, Inc., Instacart, Reliance Retail (Reliance Fresh), Rakuten Group, Inc., Walmart Inc., Target Brands, Inc., and The Kroger Co.
Segments Covered By Product Type, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Online Grocery Delivery Services Market: Regional Analysis

Asia-Pacific to hold the highest market share during the forecast period

The Asia Pacific region, which contributed the highest market share in the global online grocery delivery services in 2021, is expected to continue its market domination in the forecast timeframe. The online grocery delivery services market in the Asia-Pacific region is set to record a CAGR of almost 28.1% during the projected timeline. The growth of the regional market can be credited to supportive government initiatives in the countries such as China and India. The thriving e-commerce sector and swift digitization witnessed in countries such as China and India have provided new growth opportunities for the online grocery delivery services industry in the Asia-Pacific zone. Citing an instance, in the first half of 2016, the Indian government declared nearly 100% foreign direct investments in the food retail sector.

Online Grocery Delivery Services Market: Competitive Landscape

The global online grocery delivery services market is led by participants such as:

  • Tesco.com
  • Supermarket Grocery Supplies Pvt. Ltd. (BigBasket)
  • AEON Co. Ltd.
  • Amazon.com Inc.
  • Blink Commerce Private Limited
  • Alibaba.com
  • Natures Basket Limited
  • JD.com Inc.
  • Instacart
  • Reliance Retail (Reliance Fresh)
  • Rakuten Group Inc.
  • Walmart Inc.
  • Target Brands Inc.
  • The Kroger Co.

The global online grocery delivery services market is segmented as follows:

By Product Type

  • Breakfast & Dairy Products
  • Fresh Produce
  • Snacks & Beverages
  • Meat & Seafood
  • Staples & Cooking Essentials

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By End-User

  • Individuals
  • Others

By Region

  • North America

    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global online grocery delivery services market is projected to expand over 2022-2030 owing to technological innovations, rapid urbanization, and changing consumers shopping trends that are spurring the demand for grocery shopping through digital channels.

According to study, the global online grocery delivery services market size was $286 billion in 2021 and is projected to reach $2,159 billion by the end of 2030 with a compound annual growth rate (CAGR) of roughly 26% between 2022 and 2030.

The global online grocery delivery services market is anticipated to be dominated by the Asia-Pacific region in the ensuing years owing to supportive government initiatives in the countries such as China and India. Thriving e-commerce sector and swift digitization witnessed in countries such as China and India have provided new growth opportunities for the online grocery delivery services industry in the Asia-Pacific zone.  

The global online grocery delivery services market is led by players like AEON Co., Ltd., Amazon.com, Inc., Blink Commerce Private Limited, Alibaba.com, Natures Basket Limited, JD.com, Inc., Instacart, Reliance Retail (Reliance Fresh), Supermarket Grocery Supplies Pvt. Ltd. (BigBasket), Rakuten Group, Inc., Walmart Inc., Target Brands, Inc., Tesco.com, and The Kroger Co.

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