Latest News- Online Grocery Delivery Services Market: Individuals is expected to lead the End-user segment during 2025-2029

The Online Grocery Delivery Services Market is being driven by Increased popularity and adoption of e-commerce platform

The Online Grocery Delivery Services Market is expected to grow at a CAGR of 23.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1183.5 billion. The global market for online grocery delivery services is experiencing significant growth due to the increasing consumer preference for functional foods and beverages. These products, which offer benefits such as enhanced immune system, improved mental strength, heart rate regulation, digestive health, hydration, and electrolyte replenishment, are in high demand due to their health advantages. With consumers investing more in non-traditional fitness activities like yoga and aerobics, there is a growing need for convenient access to functional foods and beverages as a healthy source of nutrition. Given the limited availability of these products in traditional retail outlets, the online grocery delivery sector is poised to capitalize on this trend and cater to the evolving needs of health-conscious consumers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Individuals
  • Others
• Product
  • Non food products
  • Food products
• Delivery
  • Instant delivery
  • Schedule delivery
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased popularity and adoption of e-commerce platform
• Rapid growth in m-commerce
• Growing popularity of fast delivery services

However, the market also witnesses some limitations, which are as follows:

• End-user perception of online grocery shopping
• Huge competition from offline retail stores
• Lack of proper infrastructure in developing countries

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Market Scope in Online Grocery Delivery Services Market Research Report

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Research Analysis Overview

In the evolving Online Grocery Delivery Services Market, 'dark stores' and micro-fulfillment centers are at the forefront, utilizing automated warehousing and robotics. Innovations like drone delivery and autonomous vehicles, powered by geolocation technology and mapping software, are revolutionizing last-mile delivery. Supply chain visibility, dynamic pricing, real-time inventory updates, and fraud detection ensure seamless operations. Customer retention hinges on product variety, fresh produce delivery, grocery partnerships, local sourcing, organic products, ethnic groceries, and specialty items. Bulk ordering, meal kits, and recipe boxes cater to diverse grocery shopping habits. Consumer preferences drive the adoption of user-friendly interfaces with push notifications, in-app messaging, and multiple customer support channels.

Market Research Overview

The online grocery delivery market is a significant segment of the broader global retail industry, encompassing revenue generated by companies offering grocery delivery apps, e-commerce platforms, and order fulfillment services. According to Technavio, the global broadline retail market, which includes internet retailing service providers, third-party online retail platform providers, door-to-door retailing services, department stores, and general merchandise companies, will experience growth due to the increasing adoption of advanced mobile devices and high Internet penetration. This trend enables consumers to conveniently access on-demand grocery products and services from anywhere, driving market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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