Asia Pacific Online Grocery Shopping Market Share, Revenue, Trends, Growth Drivers, Challenges and Future Investment Opportunities Till 2033

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Asia Pacific Online Grocery Shopping Market Share, Revenue, Trends, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research


 Category : Consumer & Retail

 Published: Jan-2024
 Author: SPER Analyst


Asia-Pacific Online Grocery Market is estimated to grow with a CAGR of 15.2% by 2033.

Online grocery ordering is a service provided by grocers that can operate as a stand-alone e-commerce grocery provider, a brick-and-mortar supermarket, or a grocery shop. Online grocery stores provide a wide range of products, digital payment options, and alternative delivery windows. Customers started placing their grocery orders online due to these aspects' convenience. With only a mouse click, you can have fresh and packaged items including meat, fish, cereals, fruits, vegetables, dairy, cereals, snacks, and more delivered right to your door.

Asia-Pacific Online Grocery Market Driving Factors and Challenges
The convenience provided by e-commerce platforms, rising internet penetration, and shifting customer tastes are all contributing to the rapid expansion of the Asia-Pacific online grocery delivery market. Industry players have a lot of opportunities in this market to grow their businesses, attract new clients, and take advantage of cutting-edge technologies. In recent years, the Asia-Pacific online grocery delivery market has experienced substantial expansion due to shifting customer tastes and growing e-commerce platform use. This market includes, among other things, the online delivery of groceries, including packaged foods, fresh vegetables, drinks, and necessities for the home. The Asia-Pacific region's consumers now have more access to and convenience with online grocery delivery services thanks to technological advancements, the increasing usage of smartphones, and internet connectivity.


The grocery shopping experience is becoming more personalised thanks to the usage of AI-based technologies. When grocery shopping online, artificial intelligence is utilised to gather customer data from multiple sources. The primary sources of the data include online resources, offline venues, and user behaviour on the website. The information is then used to better understand the needs of the target clientele. In order to better serve their consumers, grocery businesses can also use AI to keep track of festivals, holidays, weather, and seasonality.

Even though Asia-Pacific's online grocery delivery sector is growing, there are still a lot of challenges to be solved. Ensuring timely delivery can pose a challenge, especially in remote areas due to limited infrastructure and geographical constraints. Market expansion may be hampered by consumers' uncertainties about the quality and freshness of food they purchase online. Furthermore, there is intense competition among platforms that supply groceries online, which frequently leads to thin profit margins and the requirement for constant innovation in order to remain competitive.

Impact of COVID-19 on Asia-Pacific Online Grocery Market
Because of the COVID-19 epidemic and its restrictions on physical store visits, online grocery shopping has become increasingly popular in the Asia-Pacific area. Pure-play and traditional merchants were compelled to increase their online presence and make investments as a result. For instance, in India, Tata Group purchased BigBasket, Reliance Retail established JioMart food, and Flipkart debuted a 90-minute delivery service. It is anticipated that this symbiotic link between online and offline shopping would support the ongoing growth of the Asia-Pacific online grocery market. Retailers selectively employed physical locations to expand their reach.

Asia-Pacific Online Grocery Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alibaba, Amazon.com, Inc., Carrefour, Costco Wholesale Corporation, Koninklijke Ahold Delhaize N.V., LuLu Hypermarket, Rakuten Group, Inc., Reliance Retail Ltd., Supermarket Grocery Supplies Private Limited, Target Brands, Inc., Tesco, Walmart Inc., Zomato, Others.


Asia-Pacific Online Grocery Market Segmentation:

By Product Type: Based on the Product Type, Asia-Pacific Online Grocery Market is segmented as; Breakfast and Dairy, Fresh Produce, Meat and Seafood, Snacks and Beverages, Staples and Cooking Essentials, Others.

By Delivery Type: Based on the Delivery Type, Asia-Pacific Online Grocery Market is segmented as; Click and Collect, Home Delivery.

By Region: This research also includes data for Australia, China, India, Indonesia, Japan, South Korea, Thailand and rest of Asia-Pacific.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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