How Has the Instant Grocery Market Evolved Historically and What is its Current Size?
The instant grocery market has seen considerable growth due to a variety of factors.
• The instant grocery market has grown rapidly in recent years. It will increase from $208.18 billion in 2024 to $252.11 billion in 2025, at a CAGR of 21.1%.
The growth can be attributed to a focus on environmental sustainability, rising urbanization, a growing preference for convenient shopping, health and wellness trends, and rising operational costs.
What Does Future Hold for The Instant Grocery Market By 2029?
The instant grocery market is expected to maintain its strong growth trajectory in upcoming years.
• The instant grocery market is expected to grow rapidly to $536.3 billion by 2029 at a CAGR of 20.8%.
This growth is attributed to changing consumer lifestyles, online shopping, demand for meal kits, a growing workforce, and efficient last-mile delivery networks. Key trends include IoT integration, AI/ML adoption, blockchain for transparency, and collaborations between companies.
What Are The Primary Growth Drivers In The Instant Grocery Market?
The significant growth of the e-commerce sector is expected to fuel the instant grocery market. E-commerce, driven by better internet access and competitive pricing, has led to the rise of instant grocery services, which meet consumers' demands for convenience, speed, and efficiency. The growth of e-commerce is reshaping how people purchase everyday essentials. For example, the U.S. Census Bureau reported that U.S. retail e-commerce sales totaled $289.2 billion in Q1 2024, a 2.1% increase from Q4 2023. This surge in e-commerce is propelling the instant grocery market.
What Is The Segmentation Of The Global Instant Grocery Market?
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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What Emerging Trends Are Influencing The Growth Of The Instant Grocery Market?
Major players in the instant grocery sector are focusing on creating advanced solutions, such as speedy grocery purchasing services, to meet the rising need for expedited delivery. The idea of a fast grocery purchasing service is a retail concept that provides consumers with the advantage of getting their grocery orders quickly, usually within a few minutes to hours after placing the order. For example, in June 2024, Pick Pack Pay, a rapid grocery shopping service was introduced by Uber Eats, a US-based online food ordering enterprise. This service enables couriers to shop for groceries in stores and deliver them directly to the customers' residences. With this service, customers can choose from about 3,000 grocery products available at My Basket stores. The couriers of Uber Eats would then head to the store, buy the items with a digital credit card, and bring the groceries to the client's home. Pick Pack Pay offers customers a quicker, on-demand grocery delivery option than the conventional online grocery services. This service also simplifies the process for small stores to join the Uber Eats platform without the necessity for their own employees to complete orders.
Who Are the Key Players 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.
What Are The Regional Insights Into 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.
