The instant grocery market has experienced exponential growth, with its size increasing from $172.85 billion in 2023 to $208.18 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.4%. This growth is driven by increasing environmental sustainability, rising urbanization, growing demand for convenient shopping options, a focus on health and wellness, and rising operational costs. The market is expected to continue its exponential growth, reaching $444.05 billion by 2028 at a CAGR of 20.9%. This anticipated growth is attributed to changing consumer lifestyles, increased adoption of online channels, growing demand for meal kits, a rising working population, and the expansion of reliable and efficient last-mile delivery networks. Major trends in the forecast period include technological advancements, integration of IoT technologies, adoption of AI and machine learning, use of blockchain for supply chain transparency, and increased collaborations and partnerships.
Global Instant Grocery Market Key Driver
The significant growth of the e-commerce sector is expected to boost the instant grocery market. E-commerce, involving online buying and selling, is expanding due to increased internet penetration and competitive pricing. Instant grocery services, a key part of e-commerce, offer convenience and efficiency. In the first quarter of 2024, U.S. retail e-commerce sales totaled approximately $289.2 billion, representing a 2.1% increase from the fourth quarter of 2023. Therefore, the e-commerce sector's growth is driving the instant grocery market.
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Global Instant Grocery Market Segments
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
By Geography:The regions covered in the instant grocery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the instant grocery market in 2023.
Major Instant Grocery Industry Players
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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Instant Grocery Market Overview
Instant grocery refers to a service model where customers order groceries online and receive their orders delivered to their doorstep within a concise time frame. This model leverages technology, logistics, and a network of strategically located fulfillment centers or dark stores to rapidly deliver a wide range of grocery items, including fresh produce, dairy products, meats, packaged foods, and household essentials.
Instant Grocery Global Market Report 2023 provides data on the global instant grocery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The instant grocery market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
