Saudi Arabia Online Grocery Delivery Market to Grow With Developed Internet Services until 2026
Rising demand of better
consumer services is driving the growth of Saudi Arabia Online Grocery Delivery
Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Online Grocery Delivery Market By Product Category
(Fresh Foods, Household Products, Packaged Foods & Beverages, Personal
Care, Others) By Platform (Mobile Application & Desktop Website) By Mode of
Payment (Pre Delivery Online Payment, Card on Delivery and Cash on Delivery) By
Region, Competition Forecast & Opportunities, 2026”, Saudi
Arabia online grocery delivery market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia online
grocery delivery market owes its growth to the factors like rapidly increasing
usage of smart phones and internet service penetration in the market. Moreover,
accessibility to the delivery services that is making daily lifestyle and busy
schedule management easier for the young working population is further aiding
to the growth of the market in the next five years. Furthermore, rapid changes
in the fooding habit are also one of the major factors driving the growth of
the market. Technological advancements have flooded the market with online
grocery and food delivery service providers. The market players are
consistently dedicated toward providing the best shopping and service delivery
experiences and thereby supporting the growth of the market in the upcoming
five years. Online grocery delivery services work on either mobile applications
or desktop websites. The availability of the multiple market players is also
influencing the market growth in the five years forecast until 2026.
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The Saudi Arabia
online grocery delivery market is segmented by product category, platform,
payment mode, regional distribution, and competitional analysis. Based on
platform, the market is divided between desktop website and mobile application.
Mobile application is anticipated to dominate the market in the upcoming five
years. The market growth can be relied on the feasibility and accessibility of
the mobile apps that are rapidly increasing. More market players are invested
in providing the easier user interface enabled apps and that is actively
responsible for the market growth in the upcoming five years. Desktop websites
are expected to register significant growth on the account of consumers
ordering groceries and shopping while at work.
Based on payment
mode, the market is fragmented into pre delivery online payment, card on
delivery and cash on delivery. Online payment method is expected to generate
maximum revenue due to consumers inclination. Making online payment is more
secure and helps with avoiding any type of physical exchanges. In the recent
event of pandemic, the online payment methods have boomed since the no contact
delivery was advertised and promoted well. Card on delivery is expected to
register the fastest growing CAGR on the account of consumers’ reliability to
card payments. The billing amount is directly deducted from the bank accounts
and consumers have complete proof of the transactions in case of any fraud
situations.
Based on product
category, the market is further bifurcated into fresh foods, household
products, packaged foods & beverages, personal care, and others. Packaged
foods & beverages are anticipated to dominate the market in the upcoming
five years on the account of surge in the demand from the working population of
the country. The busy lifestyle and accessibility to the convenience delivery
is driving the growth of the market in the next five years. Fresh foods are
also expected to register significant growth in the market on the backbone of
availability of the fresh meat, fresh vegetables, fresh fruits, etc. to the
consumers. Multiple market players have flooded the market claiming the
farmer’s market fresh products frozen and supplied with utmost care such that
nutrient content of the food item is not disrupted, thereby further aiding to
the growth of the Saudi Arabia online grocery delivery market.
A partial list
of market player in the Saudi Arabia online grocery delivery market includes
Nana Direct, Quix, Khodar & More, Lulu Hypermarket KSA, Noon, Talabat,
Haseel, Shgardi, Jumlaty, Qava Shop, Freshvery, Mandarine, Suqiakum, ZAD,
Qareeb Technology FZ-LLC, among others. These market players hold larger shares
of the market than the new market players. With the evolving technology, it is
appropriate to say that the effective research and development of the
technologically advanced devices and effective services would support the
market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide smart devices
and smart services that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“Online grocery delivery demand in the country is rapidly increasing.
With the applications of feasible bill payments and secure delivery of the
products and services the market is bound to register esteemed growth in the
upcoming five years. New market players may focus on the better delivery
services and enticing schemes. Membership plans from the delivery service
providers is expected to aid consumers’ reliability as well as make
considerable profits for thew market players too,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi Arabia Online
Grocery Delivery Market By Product Category (Fresh Foods, Household Products,
Packaged Foods & Beverages, Personal Care, Others) By Platform (Mobile
Application & Desktop Website) By Mode of Payment (Pre Delivery Online
Payment, Card on Delivery and Cash on Delivery) By Region, Competition Forecast
& Opportunities, 2026” has
evaluated the future growth potential of Saudi Arabia online grocery delivery
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 Saudi Arabia online grocery delivery
market.
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