Europe Online Food and Grocery Delivery Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033


Europe Online Food and Grocery Delivery Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Dec-2023
 Author: SPER Analyst

Europe Online Grocery Delivery Market is projected to grow with a CAGR of 17%.

The term "online grocery market" describes the practise of buying food and other grocery products via digital channels like mobile apps or websites. Customers can use it to explore and choose products, pay for them, and arrange for pickup or delivery. Online grocery shopping offers customers a handy and time-saving substitute for making in-person trips to brick-and-mortar retailers.

Europe Online Grocery Delivery Market Driving Factors and Challenges
The market is propelled by factors such as rising levels of computer literacy, ease of use, a wide range of branded products, affordability through brand-to-brand price comparisons, sales and discounts, and expedited delivery. Online shopping platforms have always attracted customers due to its convenience and increasing customization to meet their specific needs. The need for online grocery delivery has grown as a result of this. The practise of ordering groceries online has grown in popularity in recent years. Fast and simple food delivery made possible by the growing number of smartphones and internet connections is one of the main factors propelling the market's expansion. 

The delivery process is made simpler by the integration of IOT, which allows customers to choose online grocery delivery services using voice commands. It is anticipated that these technical developments will drive the market under review. IoT links restaurants with businesses, enabling them to serve food quickly. On other days, for instance, they can have larger orders that need to be completed quickly. A person's online experience is the sole factor that counts when making a purchase. From the initial use, it must be perfect.

There are a few factors that could impede the rapid growth of the Europe Online Grocery Delivery market. Food costs are also very unpredictable, aside from the customer base. Prices for food are influenced by several factors. It is usually difficult for food delivery services to maintain a competitive edge and develop a suitable pricing plan. Food delivery companies need to concentrate on using aggressive or conservative pricing strategies in order to compete, given inflation and the growing income gaps of their partners. This affects profitability and puts even greater pressure on the margins. While purchasing groceries online, some customers can still be hesitant to embrace the digital channel due to worries about the quality and freshness of the products. 

Impact of COVID-19 on Europe Online Grocery Delivery Market
Lockdowns and safety precautions during the COVID-19 epidemic caused a spike in demand, which led to a notable expansion of the online food delivery industry. Due to the growing reliance on home-based services, the industry grew to be rather significant. Delivery services, especially for fast food, experienced rapid increase. Online grocery shopping has become increasingly popular among a wide range of customer demographics, with a focus on convenience and safety, thanks to the pandemic acting as a catalyst. After the pandemic, it is expected that the change in consumer behaviour will last. Supply chain weaknesses were made public, forcing online retailers to modify their operations to deal with production, shipping, and distribution interruptions. This meant that backup plans were needed to ensure that the products would always be available.

Europe Online Grocery Delivery 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; Inc., Delivery Hero, Doordash, Flink, Getir, Gorillas, Just Eat, Rewe, Uber Eats, Zomato, Others.

Europe Online Grocery Delivery Market Segmentation:

By Delivery Type: Based on the Delivery Type, Europe Online Grocery Delivery Market is segmented as; Meal Kit Delivery, Quick Commerce, Retail Delivery.

By Product Type: Based on the Product Type, Europe Online Grocery Delivery Market is segmented as; Bakery & Snacks, Beverages, Canned & Packaged Foods, Dairy & Eggs, Fresh Produce, Meat & Seafood, Others.

By Platform: Based on the Platform, Europe Online Grocery Delivery Market is segmented as; Websites, Mobile Apps.

By End User: Based on the End User, Europe Online Grocery Delivery Market is segmented as; Business/Institutional Customers, Individual Consumers.

By Region: This research also includes data for United Kingdom, Germany, France, Spain, Eastern Europe and rest of Europe.

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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