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The instant grocery market share is expected to increase to USD 123.85 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.88%.
This instant grocery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers instant grocery market segmentation by product (nonfood products and food products) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The instant grocery market report also offers information on several market vendors, including Albertsons Co. Inc, Alphabet Inc., Amazon.com Inc., Blink Commerce Pvt. Ltd., Blue Apron Holdings Inc., 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., and We Deliver Local Ltd. among others.
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The technological advancements is notably driving the instant grocery market growth, although factors such as issue of coping with the technological changes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the instant grocery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Instant Grocery Market Driver
One of the key factors driving the global instant grocery industry growth is technological advancements such as smart tracking, dynamic route optimization, and enhanced analytical insights. Instant grocery delivery service is being considered by mobility and eCommerce companies as a future growth channel. Moreover, as the shift from brick-and-mortar to online retail continues, the instant grocery channel for quick grocery is expected to develop. Instant grocery is no longer only about getting things from the warehouse to customers. However, it is also about satisfying customer demand and providing a positive experience. Thus, technological advancements are anticipated to accelerate the market growth in the forecast period.
Key Instant Grocery Market Trend
Order transparency is one of the key instant grocery market trends that is expected to impact the industry positively in the forecast period. The expectations of consumers for delivery have evolved over time, and they now involve transparency as part of the purchase experience. Customers are demanding real-time last-mile visibility, from shipping fulfillment to driver location and expected arrival time. Smart technology, such as smart tracking, dynamic route optimization, and advanced analytics, are being adopted by last-mile delivery companies to improve the efficiency of their delivery supply chains. The last-mile delivery sector is undergoing significant change, with new inventive solutions defining how things are delivered from point A to point B. Such factors will further support the growth of the market in focus in the coming years.
Key Instant Grocery Market Challenge
One of the key challenges to the global instant grocery industry growth is the issue of coping with technological changes. The companies promise delivery in 10-20 minutes, however, e-commerce players confront numerous hurdles. Some of the intriguing difficulties in quick-commerce today include developing technology that consistently delivers products in ten minutes and managing a supply chain that responds to such a high-touch and high-frequency user case. The majority of hyperlocal deliveries rely on existing stores in residential areas. Technology integration at the point of sale, good internet connectivity to process orders, better payments, and a reliable network of delivery persons are the main areas of focus. If the vendors are unable to fulfill the promises and deliver products within the given time, it may lead to customer dissatisfaction, which may hamper the market growth.
This instant grocery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global instant grocery market as a part of the global Internet and direct marketing retail market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the instant grocery market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the instant grocery market encompasses successful business strategies deployed by the key vendors. The instant grocery market is fragmented and the vendors are deploying growth strategies such as growing their consumer base and developing new techniques such as the fastest delivery to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The instant grocery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the instant grocery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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54% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for instant grocery in APAC. However, market growth in this region will be faster than the growth of the market in North America, South America, and MEA.
With an increase in the number of busy and time-pressed consumers, the need for convenience is increasing, which, in turn, is influencing the demand for instant grocery options. This will facilitate the instant grocery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
Due to the proliferation of Covid-19, the use of online grocery delivery services has skyrocketed in the region. In different parts of Southeast Asia, there is a slew of supermarket delivery behemoths that provide exceptional service. It comprises companies such as AmazonFresh, which offers clients online grocery ordering and delivery services. Hence, the market in focus is expected to grow during the forecast period.
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The instant grocery market share growth by the nonfood products segment will be significant during the forecast period. As the number of busy and time-pressed consumers grows, so does the need for convenience, which influences the demand for immediate shopping solutions such as instant grocery for the non-food products. Thus, the global instant grocery market is hence expected to grow during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the instant grocery market size and actionable market insights on post COVID-19 impact on each segment.
Instant Grocery Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.88% |
Market growth 2022-2026 |
$ 123.85 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.5 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 54% |
Key consumer countries |
US, China, Japan, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Albertsons Co. Inc, Alphabet Inc., Amazon.com Inc., Blink Commerce Pvt. Ltd., Blue Apron Holdings Inc., 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., and We Deliver Local Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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