Online Grocery Delivery Services Market is Expected to Grow from $286 Billion in 2021 to $2,159 Billion in 2030, Expanding at a CAGR of over 26% in Retail Sector

New York, NY, Jan. 27, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report 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” in its research database.

“According to the latest research study, the demand of global Online Grocery Delivery Services Market size & share in terms of revenue was valued at USD 286 billion in 2021 and it is expected to surpass around USD 2,159 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 26% during the forecast period 2022 to 2030.”

What are Online Grocery Delivery Services? How big is the Online Grocery Delivery Services Industry?

Online Grocery Delivery Services Report Coverage & Overview:

Online grocery delivery services have gained popularity in the last few years subject to convenience and ease of access. Rise in digitization and surging use of the internet and smartphones indirectly cater to escalating demand for online grocery delivery services. Macro-economic factors such as increase in per capita expenditure on household & grocery items, and surging urbanization has enhanced popularity of online grocery delivery services.

The global online grocery delivery services market is projected to grow significantly in the coming years.

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Global Online Grocery Delivery Services Market: Growth Dynamics

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.

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Report Scope

Online Grocery Delivery Services Market: Segmentation Analysis

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 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.

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

By End-User

• Individuals
• Others

Browse the full “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

Competitive Landscape

Some of the main competitors dominating the global Online Grocery Delivery Services market include - 

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

Key Insights from Primary Research:

• 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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Key questions answered in this report:

• What is the market size and growth rate forecast for Online Grocery Delivery Services industry?
• What are the main driving factors propelling the Online Grocery Delivery Services Market forward?
• What are the leading companies in the Online Grocery Delivery Services Industry?
• What segments does the Online Grocery Delivery Services Market cover?
• How can I receive a free copy of the Online Grocery Delivery Services Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Product Type, By End-User, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

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 The Kroger Company in the sub-continent

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In April 2022, Dunzo, a quick commerce player supported by Reliance and Google, launched instant online grocery delivery services in Mumbai. The groceries delivered to customers include fresh fruits, household necessities, fresh vegetables, dairy, meat, snacks, hygiene items, and more. The move will provide impetus to online grocery delivery services business in India and the Asia-Pacific zone.
• In December 2022, Swiggy, an online food & grocery delivery firm based in India, introduced a new business platform referred to as Handpicked. Reportedly, the new platform offers premium products that are either manufactured by locals or imported. The strategic initiative will bolster the expansion of the online grocery delivery services business in India and abroad.
• In January 2022, Swiggy had raised nearly $700 million at about $10.7 billion valuation in a new round of financing.

To know an additional revised 2022 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/online-grocery-delivery-services-market

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