GCC Online Grocery Market 2023 | Size Worth US$ 20,870.5 Million by 2028 | Growth Rate (CAGR) of 28.15%

The latest report by IMARC Group, titled "GCC Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the GCC online grocery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The GCC online grocery market size reached US$ 4637.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 20,870.5 Million by 2028, exhibiting a growth rate (CAGR) of 28.15% during 2023-2028.

Online grocery represents e-commerce platforms that are designed to facilitate purchasing of fresh and packaged food items such as vegetables, dairy, cereals, meat, drinks, seafood, etc., and other household products. They are available in either web-based or app-based shopping service models. Online grocery channels allow customers to select delivery slots, track orders in real time, choose from flexible payment options, and opt for attractive discounts and offers. Consequently, they are in extensive demand among consumers in the GCC region.

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Market Trends and Drivers:

The rising sales of smartphones, laptops, and other smart devices and the increasing high-speed internet penetration are primarily driving the GCC online grocery market. Besides this, the growing working population and the elevating need for hassle-free shopping experiences are acting as significant growth-inducing factors. Additionally, the inflating investments by leading players in social media promotion, celebrity endorsement, and other innovative digital market strategies to expand their customer base are also positively influencing the regional market.

Furthermore, the shifting preferences for contactless delivery of essential products and food items and digital payment methods, owing to the sudden outbreak of the COVID-19 pandemic, are catalyzing the market across the region. Apart from this, the development of voice ordering features and the escalating integration of the internet of things (IoT), artificial intelligence (AI), big data, and predictive analytics, that aid in predicting customer behavior for targeted advertising to ensure customized services as per the user requirement are expected to fuel the GCC online grocery market in the coming years.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/gcc-online-grocery-market

Key Market Segmentation:

Breakup by Product Type:

• Vegetables and Fruits
• Dairy Products
• Staples and Cooking Essentials
• Snacks
• Meat and Seafood
• Others

Breakup by Business Model:

• Pure Marketplace
• Hybrid Marketplace
• Others

Breakup by Platform:

• Web-Based
• App-Based

Breakup by Purchase Type:

• One-Time
• Subscription

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.