GCC Online Grocery Market Destined to Reach US$ 20,870.5 Million (CAGR 28.15%) During 2023-2028: IMARC Group

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 refers to various web-based applications that are used for purchasing food and necessary household products over the internet. They enable customers to place their orders through e-commerce websites or mobile applications and provide numerous benefits, such as convenience and ease of shopping, and anytime access to a wide variety of products. Along with this, they allow users to place pre-paid orders and schedule the time and intervals of the deliveries as per their requirements. Some of the common groceries available online include bakery, canned goods, dairy, frozen foods, meat, fresh fruits and vegetables, homecare cleaners, and personal care.

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Market Trends and Drivers:

Significant growth in the e-commerce industry is driving the market across GCC. Moreover, the widespread utilization of internet services, the proliferation of mobile devices, and the availability of simple virtual payment methods that make online platforms easier and more convenient are contributing to the demand. Besides, continuous technological advancements and the emergence of voice assistants and delivery robots are acting as another growth-inducing factor.

Due to shifting lifestyle preferences and the hectic working schedule of working professionals, the demand for online grocery shopping has rapidly increased across the region. Other factors, including rapid digitization, and inflating disposable income levels of the masses, are also influencing the market across GCC.

Explore the Full Report with Charts, Table of Contents, and 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 the 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

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.