Press release
Key Trend Reshaping the Instant Grocery Market in 2025: Innovative Quick Grocery Shopping Services To Meet Growing Demand For Rapid Delivery
Instant Grocery
The expansion of the e-commerce sector is projected to boost the growth of the instant grocery market in the future. E-commerce involves the online purchase and sale of goods and services, and its growth is driven by factors like increased internet access and competitive pricing by online retailers. Instant grocery services have become an essential part of e-commerce, changing how people buy and receive daily necessities. These services offer speed, convenience, and efficiency, catering to the changing demands of modern shoppers. For example, in the first quarter of 2024, U.S. retail e-commerce sales reached about $289.2 billion, reflecting a 2.1% rise from the previous quarter. Thus, the rapid growth of e-commerce is driving the instant grocery market forward.
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What is the projected compound annual growth rate (CAGR) of the instant grocery market from 2025 to 2034, and what factors influence it?
The instant grocery market is set to surge from $208.18 billion in 2024 to $252.11 billion in 2025 at a CAGR of 21.1%, fueled by urbanization, demand for convenience, health-conscious shopping, and sustainability efforts.
The instant grocery market is projected to grow to $536.3 billion by 2029 at a CAGR of 20.8%, fueled by lifestyle shifts, online shopping adoption, meal kit demand, and efficient last-mile delivery. Trends include IoT and AI integration, blockchain for transparency, and strategic partnerships.
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How are the latest trends influencing the growth of the instant grocery market?
Companies in the instant grocery market are enhancing customer experience by introducing fast grocery shopping services. This model enables rapid delivery, often within minutes, after placing an order. In June 2024, Uber Eats, a US-based online food delivery company, launched Pick Pack Pay, a quick grocery shopping service. Customers can order from a selection of around 3,000 grocery items, and Uber Eats couriers handle the shopping and delivery. This service offers faster and more convenient grocery delivery compared to traditional methods.
What are the major segments of the instant grocery market and their role in driving growth?
The instant grocery market covered in this report is segmented -
1) By Product: Food Products, Non-Food Products
2) By Delivery Type: Home Delivery, Click and Collect
3) By Purchaser Type: One Time, Subscriber
Subsegments
1) By Food Products: Fresh Food, Packaged Food, Frozen Food, Beverages
2) By Non-Food Products: Household Products, Personal Care Items, Health & Wellness Products, Pet Care Products
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Which regions are key players in the growth of the instant grocery market?
Asia-Pacific was the largest region in the instant grocery market in 2023. The regions covered in the instant grocery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the instant grocery market?
Major companies operating in the instant grocery market are Amazon.com Inc., The Kroger Co., Reliance Industries Limited, Target Corporation, Koninklijke Ahold Delhaize N.V., 7-Eleven Inc., Albertsons Companies Inc., Safeway Inc., Uber Technologies Inc., Rite Aid Corporation, Meijer Inc., Wegmans Food Markets Inc., Yandex.Lavka, HelloFresh SE, DoorDash Inc., Ralphs Grocery Company, Maplebear Inc., GoPuff, Postmates Inc., Boxed Inc., Giant Food LLC, Ocado Retail Limited, Shipt Inc., Mercato Inc., Buymie Technologies Ltd.
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What Is Covered In The Instant Grocery Global Market Report?
•Market Size Forecast: Examine the instant grocery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the instant grocery market for a structured understanding.
•Key Players Overview: Analyze major players in the instant grocery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the instant grocery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the instant grocery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the instant grocery market.
•Industry Challenges: Identify potential risks and obstacles affecting the instant grocery market.
•Competitive Landscape: Review strategic developments in the instant grocery market, including expansions, agreements, and new product launches.
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