Authored By: Sarah
11 Jul 2024

 Instant Grocery Market Size to grow by USD 104.4 billion between 2024-2028

According to a research report “ Instant Grocery Market” by Product (Nonfood products, Food products) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 104.4 billion, at a CAGR of  14.76% during the forecast period. In the evolving retail landscape, instant grocery delivery has emerged as a potential growth avenue for mobility and e-commerce companies. As customer preferences lean towards convenience and contactless interactions, instant grocery services are no longer just about warehouse-to-customer logistics. Operators are focusing on meeting complex customer demands, such as contactless delivery and curbside pick-up, to build long-term, engaging relationships. Leveraging technology, they are implementing smart tracking, dynamic route optimization, and enhanced analytical insights to streamline operations and enhance the customer experience. The future of instant grocery delivery lies in satisfying customer needs while ensuring a positive interaction, setting new standards in the industry.

Browse market data tables, figures, and in-depth TOC on “Instant Grocery Market” by Product (Nonfood products, Food products) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Nonfood products segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the realm of Instant Grocery Market, non-food items play a pivotal role, accounting for a larger market share than food products. These essentials encompass shampoos, conditioners, toiletries, bathroom cleaners, home utilities, and various hygiene and grooming products. Additionally, they include kitchen supplies such as paper towels, matches, griddles, dishwashers, and miscellaneous items like compasses, flashlights, batteries, and knives. As consumers' lifestyles evolve with rising employment and income levels, the demand for convenience increases. Time-pressed individuals seek immediate shopping solutions for these necessary items, making Instant Grocery Market an indispensable service.

APAC is forecasted to hold the largest market size by region in 2024

As a seasoned virtual assistant, I'm pleased to provide insights into Instant Grocery Market's business operations. This innovative platform prioritizes customer convenience by offering on-demand grocery delivery services. By leveraging advanced technology and strategic partnerships, Instant Grocery Market ensures efficient order fulfillment and timely delivery, catering to the dynamic needs of today's time-conscious consumers. Their commitment to quality and customer satisfaction sets them apart in the competitive grocery market landscape.

The Instant Grocery Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Albertsons Co. Inc
  • Alphabet Inc.
  • Amazon.com Inc.
  • Blink Commerce Pvt. Ltd.
  • Blue Apron LLC
  • Buymie Technologies Ltd.
  • Delivery Hero SE
  • HelloFresh SE
  • Koninklijke Ahold Delhaize NV
  • Kroger Co.
  • Maplebear Inc.
  • Ocado Retail Ltd.
  • Reliance Industries Ltd.
  • Target Corp.
  • Tata Sons Pvt. Ltd.
  • Uber Technologies Inc.
  • Walmart Inc.
  • We Deliver Local Ltd.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Instant Grocery Market is a rapidly growing segment in the retail industry, where traditional supermarkets face competition from Quick-commerce players offering Instant Grocery Shopping and Delivery. With the rise of Instant Delivery Applications, Online Retail is no longer limited to e-commerce websites and platforms but also includes On-demand, real-time grocery shopping. Brick-and-mortar grocery stores are adapting to this shift by integrating e-commerce operations and offering Instant Grocery Delivery. Technological developments like Smart Tracking enable real-time inventory management and efficient order processing. Food Products, Cleaning Essentials, Snacks and Beverages, Breakfast and Dairy, Non-food Products, and Fresh Produce are all available for Instant Purchase on these platforms. Delivery charges may apply, but the convenience of Online Orders and the ease of Mobile Applications make up for it. The Instant Grocery Market includes Online Grocers and E-commerce Platforms, offering a wide range of Food Products for consumers. The Grocery Industry continues to evolve, embracing technology and meeting the changing needs of consumers.

Market Research Overview

Title: Instant Grocery Market: Traditional Supermarkets vs. Home Delivery and Quick-commerce The Instant Grocery Market is revolutionizing the way we shop for daily requirements. With the rise of home delivery and instant grocery shopping, traditional supermarkets are facing stiff competition from grocery retailers offering quick-commerce services. Fresh groceries, meat and seafood, snacks and beverages, spices, oil, grains, wheat flour, and other daily requirements can now be ordered through instant delivery applications. Technological developments have enabled online retailers to provide instant delivery of these items, making life more convenient for urban dwellers. Instant grocery delivery services like Home Utilities, Bath and Body, Cleaning Essentials, Fresh Produce, Snacks and Beverages, Breakfast and Dairy, Non-food Products, and Food Products are gaining popularity. Brick-and-mortar establishments are responding by integrating e-commerce operations and offering online shopping through their websites and mobile applications. Quick-commerce services use fulfillment centers, dark stores, and urban dark storefronts to ensure quick delivery. Bikes, scooters, and electric motorcycles are used by riders to make hyperlocal deliveries. The instant grocery approach has reduced the time period between ordering and delivery, making it a game-changer in the grocery industry. Despite the convenience, there is a delivery charge, which can be a deterrent for some consumers. However, the benefits of instant grocery shopping outweigh the cost for many, especially in urban areas where time is a precious commodity. In conclusion, the Instant Grocery Market is transforming the grocery industry with its quick-commerce services. Traditional supermarkets are adapting to this trend by integrating e-commerce operations and offering instant delivery. The future of grocery shopping looks promising, with technological advancements continuing to make the process more convenient and efficient.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio