Asia-Pacific Online Grocery Market Trends, Share, Revenue, Growth Strategy, Key Players, Business Challenges and Future Investment till 2033: SPER Market Research
The act of ordering groceries and other home goods online and having them delivered right to a customer’s door is known as “online grocery delivery.” Customers can now buy conveniently from the comfort of their homes as it eliminates the need for in-person trips to brick-and-mortar establishments. Online grocery delivery services are a desirable alternative for customers looking for a hassle-free shopping experience because they frequently provide a large selection of products, competitive pricing, and effective delivery services.
According to SPER market research, Asia-Pacific Online Grocery Market Size- By Product Type, By Delivery Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that Asia-Pacific Online Grocery Market is estimated to grow with a CAGR of 15.2% by 2033.
The Asia Pacific Online Grocery Shopping Market holds significant promise, propelled by dynamic factors like evolving consumer lifestyles, urbanization, and the digital evolution of retail. In the APAC region, a substantial portion of consumer expenditures, nearly 50%, is dedicated to fresh food shopping and meal preparation across categories such as food, groceries, and personal care. Although concerns surrounding the quality, freshness, and fulfillment of fresh food have traditionally impeded the adoption of online channels, there is now a noticeable shift in consumer behavior towards digital solutions. This transformation is attributed to urbanization, increased female workforce participation, and growing time constraints. As consumers increasingly embrace online shopping, there is a discernible uptick in the average shopping basket size, reflecting a burgeoning enthusiasm for e-commerce.
In spite of the fact that the Asia-Pacific region is witnessing growth in the online grocery delivery sector, certain challenges remain. Given the limitations of geography and infrastructure, it can be challenging to ensure on-time delivery, especially in remote areas. A further barrier to market expansion may come from consumers who, when buying food online, have concerns about the consistency and freshness of the goods. Furthermore, there is a lot of competition for online grocery delivery services, which often means that profit margins are small and that continuous innovation is necessary to stay competitive.
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Impact of COVID-19 on Asia-Pacific Online Grocery Market
Since Asia Pacific was one of the most severely impacted regions during and after the COVID-19 epidemic, individuals in the area were drawn to online grocery delivery services by the new norm of personal hygiene and social distancing for safety. Asia Pacific’s cheaper cellphones and falling internet prices are also expected to help the sector. The rising use of digital payments and the region’s rising internet penetration rate both contribute to the market’s expansion.
The country with the most market share is predicted to be China. The expansion of the nation is attributed to the existence of numerous dominant firms in the industry as well as the largest number of online shoppers in the nation. In the Asia Pacific area as a whole, Amazon is the most favoured online food store.
Asia-Pacific Online Grocery Market Key Player :
Furthermore, the Indian government is promoting digital literacy and the digital economy framework; as a result, it is expected that the country’s online grocery delivery sector would see an additional boost in growth. Customer growth in tier-I cities like Delhi, Bangalore, Mumbai, and Chennai is credited to the market. Because these cities have greater resources than smaller ones, including logistics, online grocery shopping is more popular in these cities.
Additionally, some of the market key players are Alibaba, Amazon.com, Inc., Carrefour, Costco Wholesale Corporation, Supermarket Grocery Supplies Private Limited, Tesco, Walmart Inc., Zomato, Others.
Asia-Pacific Online Grocery Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply Forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type: Based on the Product Type, Asia-Pacific Online Grocery Market is segmented as; Breakfast and Dairy, Fresh Produce, Meat and Seafood, Snacks and Beverages, Staples and Cooking Essentials, Others.
By Delivery Type: Based on the Delivery Type, Asia-Pacific Online Grocery Market is segmented as; Click and Collect, Home Delivery.
By Region: This research also includes data for Australia, China, India, Indonesia, Japan, South Korea, Thailand and rest of Asia-Pacific.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Asia-Pacific Online Grocery Market Revenue
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