Gurugram, India, May 20, 2021 (GLOBE NEWSWIRE) --
- The online grocery delivery penetration, basis users, is expected to reach 20% by the end of 2025.
- The demand for expresses delivery is expected to grow at a CAGR of 32% between 2019 and 2025. The charges for express delivery are expected to decline by the end of 2025.
- Technological developments such as drone deliveries, warehouse automation and voice ordering are anticipated to be adopted by service providers to enable quicker deliveries.
Diversification of Product Portfolio: Companies aim to establish themselves as one stop solution for all day to day needs of the customer. They have been focussing on diversifying their product portfolio from food, beverages, fruits, vegetables to household supplies, beauty & health, medicines, toys, food and delivery of other daily needs of a family.
Impact of Covid-19: Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears. Major product categories witnessed growth between 20-40% during the pandemic such as water, personal hygiene, home cleaning, fruits & vegetables. March and April was marked by a huge gap between demand and supply as no one was prepared for this situation in advance therefore companies faced logistical challenges. Average delivery time also increased from one to three days to one to two weeks. In order to fulfil the increased demand, companies expanded their delivery fleet by partnering with third party delivery companies to manage last-mile logistics
Expanding Partnerships with Third Party Operators: It is anticipated that companies would be expanding tie ups with suppliers & grocery stores, food delivery companies, e-wallet companies to leverage their capabilities to fulfil customer orders. Companies are also expected to establish dark stores across the Kingdom to ensure quicker and efficient logistics management.
According to the report by Ken Research titled “KSA Online Grocery Delivery Market Outlook to 2025- Driven by Regional Changing Shopping Habits of Consumers and Expansion of Local and International Players in the Kingdom” the Online Grocery Delivery Market will be valued at SAR 650 Billion by the end of 2025, registering a CAGR of 23.4% between 2019 and 2025. The market will witness growth owing to rise in investment in marketplace companies & innovative strategies adopted by service provides.
Key Segments Covered:
- By Region
- Central
- Western
- Eastern
- Southern
- Northern
- By Product Category
- Food & Beverages
- Fresh Food
- Household Supplies
- Beauty and Health
- Others
- By Mode of Payment
- Cash on Delivery
- Pre-Delivery Online Payment
- Card on Delivery
- By Delivery
- In a Specific Time Period (Same Day or Next Day)
- Express Delivery (30 minutes-2 hours)
- Other (2-3 Days or More)
- By Age Group
- 18-24 years
- 25-34 years
- 35-44 years
- 45+ years
- By Gender
- Male
- Gender
Companies Covered
- Nana Direct
- Zadfresh
- Carrefour
- Danube
- Qareeb.com
Key Target Audience
- Online Grocery Delivery Companies
- Supermarkets & Hypermarkets
- E-commerce Companies
- Food Delivery Companies
- Investors and Venture Capitalists
- Logistics Companies
- Government Organization catering to the FMCG Industry
Time Period Captured in the Report:-
- Historical Period: 2017–2019
- Forecast Period: 2020-2025
Key Topics Covered in the Report:-
- Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?
- Target Addressable Audience
- Supply Ecosystem and Competition Parameters
- Demand Scenario, Target Customer and Factor Influencing Consumer Behaviour
- Process of On Boarding a Grocery Store
- Role & Responsibilities of Company and Partner Grocery Store
- Gaps & Possible Solutions of Managing Logistics
- Factors Influencing Customer Behavior
- Seasonality Trends
- Features of a Grocery Delivery Application
- Technologies Facilitating Online Grocery Delivery Industry
- Upcoming Technologies in Online Grocery Delivery Industry
- Future Market Trends and Way Forward
- Marketing Strategies
- Industry Best Practices
- Covid-19 Impact on KSA Online Grocery Delivery Market
- Analyst Recommendations
- KSA Online Grocery Logistics Challenges
- Logistics Cost Online Grocery KSA
- Trends Online Grocery Delivery KSA
- Commission Online Grocery KSA
- Online Grocery Future KSA
- Marketplace Grocery Companies KSA
- Pureplay Grocery Companies KSA
- Omnichannel Grocery Companies KSA
- KSA Online Grocery Delivery Time
For More Information, Refer to this link
KSA Online Grocery Delivery Market Outlook to 2025
Related Reports:
UAE Online Grocery Delivery Market Outlook to 2025- Driven by Increasing Working Population, Introduction of Express Delivery and Regional Expansion
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249