Global Online Grocery Delivery Services Market
As stated in our extensive report, the Global Online Grocery Delivery Services Market accounted for USD 315.2 Billion in the year 2022 and is projected to reach a value of USD 1670.3 Billion by 2030.
The significant factors compelling Online Grocery Delivery Services market’s growth are its easy accessibility, growing e-commerce industry, and availability of a variety of products on online grocery delivery applications. Online grocery delivery services allow customers to shop for goods from the convenience of their own homes or offices. This element is especially vital for busy customers who cannot visit physical stores due to their busy schedules. By using online grocery delivery services, shoppers save time driving to the grocery store and traversing the aisles. It saves time and energy, making it one of the most essential elements. These services provide a diverse choice of items and brands that are not always available in physical locations.
The preference for grocery shopping through online channels is changing as a result of technological changes resulting from urbanization and changing consumer shopping habits. Rising disposable incomes and attractive discounts offered by online grocery stores are driving the market. Low service fees and easy availability of time slots are also contributing to market growth. Online grocery stores offer more options than traditional stores. The presence of smartphones or smart devices at home and internet connections have also led to the growth of online shopping. A greater preference for hassle-free shopping and a growing inclination towards e-commerce platforms is also expected to help the market grow. Online stores also offer attractive offers such as cashback, discount offers, and express delivery options.
Key factors influencing Online Grocery Delivery Services Market Growth
The growth of the global Online Grocery Delivery Services market can be attributable to the following:
- Online grocery delivery services offer customers the convenience of shopping from home. Customers can easily place orders and have them delivered to their doorsteps, saving time and effort. Online store delivery services are available 24/7, allowing customers to place orders at any time of the day or night. This ensures that customers do not have to wait for the supermarket to open to shop.
- Online grocery delivery services offer a wider range of products compared to traditional grocery stores. Consumers can choose from various products and brands, ensuring they buy what they like. These services often offer competitive pricing with discounts and deals not available in traditional stores. This makes it a cost-effective option for customers who can save money on their grocery bills.
- Online grocery services are more environmentally friendly because they do not require customers to travel to the supermarket, which reduces carbon dioxide emissions. In addition, many e-commerce delivery services use recyclable or recyclable packaging, which reduces waste, and these services have also improved their logistics and ensured fast and efficient delivery of orders. This allowed customers to receive their orders within hours or even minutes in some cases.
- As a result of the COVID-19 pandemic, contactless delivery has become increasingly important. Online grocery services provide this convenience as these services provide consumers with a safe and hygienic option without having to visit crowded physical stores and allow customers to receive orders without physically interacting with delivery people.
- The rise of e-commerce paved the way for the generalization of online grocery services. In addition, the increasing prevalence of smartphones and the availability of high-speed Internet connections have made it easier for consumers to buy groceries online.
North America Region Forecast to Lead the Global Market in the Estimated Period
North America Online Grocery Delivery Services market is expected to hold a major market share in the global Online Grocery Delivery Services market during the forecast period. Due to the digitization of India and China in the North America region, the market is expected to grow. The coronavirus shutdown has helped significantly increase online grocery shopping in these areas. With various government initiatives targeting the digital capability of these states, this market is expected to grow during the forecast period. In the United States, this platform has seen steady growth.
The overall Online Grocery Delivery Services Market sales have been favorably impacted by the growing e-commerce industry, the increasing popularity of online shopping, the convenience of daily home delivery of groceries, the growing consumer preference for contactless transactions, and the convenience of subscription-based services.
The well-known players of the Global Online Grocery Delivery Services Market include 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) and others.