Online Grocery Delivery Services Market to Grow with a CAGR of 24.9% Globally through 2029
Global Online Grocery
Delivery Services Market is propelled by technological innovations,
customer-centric approaches, and a commitment to sustainability.
According to
TechSci Research report, “Global Online Grocery Delivery Services Market -
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029”, the Global Online Grocery Delivery Services Market stood at USD 389.6
billion in 2023 and is anticipated to grow with a CAGR of 24.9% in the forecast
period, 2025-2029. The global online grocery delivery services market has
experienced remarkable growth over recent years, driven by shifting consumer
behaviors, technological advancements, and the influence of external factors
like the COVID-19 pandemic. Online grocery shopping, once considered a niche
segment, has transformed into a significant and rapidly expanding sector within
the broader e-commerce landscape.
Market research
indicates a surge in the adoption of online grocery delivery services globally.
The market size, which stood at a certain valuation in the past, has witnessed
exponential growth and is projected to reach unprecedented heights in the coming
years. This growth trajectory is attributed to various factors, including
increasing internet penetration, changing consumer preferences for convenience,
and advancements in delivery logistics and technology.
Browse over 26
market data Figures spread through 181 Pages and an in-depth TOC on
"Global Online Grocery Delivery Services Market”
The market's landscape
varies significantly across regions. North America and Europe have been at the
forefront, witnessing substantial growth due to high internet penetration,
tech-savvy consumers, and robust infrastructure. In contrast, emerging
economies in Asia-Pacific and Latin America are experiencing rapid adoption as
internet accessibility improves and consumers seek convenient shopping options.
Major players in
the global online grocery delivery services market include established
retailers, tech companies, and startups. Retail giants such as Amazon, Walmart,
and Alibaba have made substantial investments in this sector, leveraging their
existing infrastructure and customer base to capture a significant market
share. Additionally, innovative startups focusing on niche markets or unique
delivery models contribute to the market's dynamism.
Consumer
preferences are evolving, driven by factors like convenience, time-saving, and
safety concerns, especially post-pandemic. The shift towards online grocery
shopping has been accelerated by the need for contactless experiences and the
convenience of doorstep deliveries. Consumers increasingly prioritize a
seamless, personalized shopping experience, which has led to advancements in
AI-driven recommendation systems and user interfaces.
Despite rapid
growth, challenges persist, including last-mile delivery efficiency, perishable
item handling, and market saturation leading to fierce competition.
Additionally, concerns about sustainability and environmental impact in
packaging and delivery logistics are gaining traction. However, the market's
future remains promising, with ongoing technological innovations, investments
in infrastructure, and a growing consumer base driving further expansion.
In essence, the
global online grocery delivery services market continues to evolve and expand,
shaped by technological advancements, changing consumer behaviors, and market
dynamics. Its future trajectory holds immense potential, with opportunities for
innovation, strategic collaborations, and addressing emerging challenges to
sustain growth in this dynamic sector.
The global online
grocery delivery services market is segmented into type, end user, and region.
Based on type, the breakfast & dairy products segment has asserted
its dominance in the global online grocery delivery services market. Primarily,
the universal appeal and daily necessity of breakfast and dairy products have
propelled their prominence in the online grocery sector. These items constitute
core components of numerous households' everyday routines, making them
indispensable commodities for consumers worldwide. As a result, the convenience
offered by online platforms for purchasing these perishable yet vital products
has been a key driver behind the segment's ascendance. Furthermore, the
increased health consciousness among consumers has also played a pivotal role
in the success of breakfast and dairy products in the online realm. With a
growing emphasis on nutritious, fresh, and organic options, consumers are
turning to online grocery services to access a wider array of choices that
cater to their specific dietary needs and preferences.
The COVID-19 pandemic has further amplified the significance of these
segments in the online grocery sphere. As individuals sought ways to minimize
physical interactions and adhere to safety protocols, the convenience of having
breakfast and dairy essentials delivered directly to their doorsteps gained
immense traction. This surge in demand propelled the segment's growth and
solidified its position in the online grocery market.
Based on region,
North America holds a significant position in the global online grocery
delivery services market. North America boasts a tech-savvy consumer base that
readily embraces digital solutions. This region's population has shown a
propensity for adopting innovative technologies and online platforms, creating
an ideal environment for the growth of online grocery services. This cultural
inclination towards digitalization has been a driving force behind the
widespread acceptance and utilization of online shopping for groceries.
Additionally,
the competitive landscape in North America has seen a surge of investment and
strategic initiatives from major retailers and tech companies. Giants such as
Amazon, Walmart, and various regional supermarket chains have invested heavily
in expanding their online grocery offerings and enhancing delivery
capabilities. This competition has led to the development of advanced
logistical systems and efficient delivery networks, thereby catering to the
rising demand for online grocery services.
Major companies
operating in global online grocery delivery services market are:
- 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)
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“The global
online grocery delivery services market has undergone a seismic shift,
propelled by a convergence of digital innovation, changing consumer behaviors,
and market dynamics. With an estimated compound annual growth rate (CAGR)
poised to surge in the coming years, this market represents a paradigm shift in
the way consumers procure essential goods. The COVID-19 pandemic acted as a
catalyst, expediting the adoption of online grocery services as safety concerns
and social distancing norms prompted a surge in digital transactions. This
surge not only expanded the customer base but also intensified competition,
spurring innovation in logistics, technology, and customer experience. From
established retail giants to nimble startups, the market landscape is a battleground
for innovation, offering diverse product offerings, personalized shopping
experiences, and streamlined delivery solutions. As technology continues to
evolve and consumer expectations rise, the global online grocery delivery
services market stands as a testament to the transformative power of e-commerce
in reshaping traditional retail paradigms on a global scale.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Online Grocery Delivery
Services Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Breakfast & Dairy Products, Fresh Produce,
Snacks & Beverages, Meat & Seafood, Staples & Cooking Essentials,
Others), By End User (Individuals and Others), By Region, By Competition,
2019-2029, has evaluated the future growth potential of global online
grocery delivery services market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global online
grocery delivery services market.
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