GCC Online Grocery Market Poised to Reach US$ 45,481.7 Million, Growing at a CAGR of 24.6% During 2024-2032

The latest report by IMARC Group, titled "GCC Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", 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$ 5,959.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 45,481.7 Million by 2032, exhibiting a growth rate (CAGR) of 24.6% during 2024-2032.

Online grocery shopping involves the purchase of food and other household items through web-based platforms, with the products delivered directly to the customer's doorstep. This service combines the convenience of online shopping with the essential needs of grocery shopping, ensuring customers can purchase groceries from the comfort of their homes or on the go, using computers or mobile apps. This method of grocery shopping is characterized by its ease of use, time-saving, and availability of a wide range of products. Moreover, the working mechanism of online grocery shopping includes selecting the items, adding them to the cart, choosing a delivery slot, and making payment, followed by the delivery of the groceries to the customer's preferred location.

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Market Trends and Drivers:

The market in GCC is primarily driven by the increasing internet penetration and smartphone usage in the region. The busy lifestyles of consumers, coupled with the convenience offered by online grocery shopping, are significantly contributing to market growth. Furthermore, the availability of a wide range of products and the option to compare prices easily are acting as growth-inducing factors for the market. Additionally, the rise in disposable income and the growing preference for hassle-free shopping experiences are propelling market growth.

Besides this, the increasing investments in logistics and the development of user-friendly apps and websites are creating lucrative opportunities in the market. The market is further driven by the growing population and the rising demand for international and gourmet food products. Moreover, the increasing focus on customer satisfaction and the implementation of various promotional activities are positively impacting the market.

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 (2018-2023)
• Market Outlook (2024-2032)
• 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.