Asia Pacific Online Grocery Market Growth, Size, Trends, Share, Revenue and Future Competition
Asia Pacific Online Grocery Market Size- By Product Type, By Delivery Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: FMCG2408 | Pages: 1 - 153 | Formats*: |
| Category : Consumer & Retail | |||
Asia-Pacific Online Grocery Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Online Grocery Market is estimated to reach USD 1109.14 billion by 2033 with a CAGR of 15.2%.
The report includes an in-depth analysis of the Asia-Pacific Online Grocery Market, including market size and trends, product mix, applications, and supplier analysis. Online grocery shopping is a service that grocery retailers provide that can be used as a stand-alone e-commerce platform, a physical supermarket, or a brick-and-mortar store. An extensive product range, digital payment options, and optional delivery slots are all provided by online grocers. Customers switched to ordering their groceries online because of these aspects' convenience. With only a click of the mouse, you may have fresh and packaged foods including meat, fish, cereals, fruits and veggies, dairy, cereals, snacks, and more delivered to your doorstep.
- February 2022: Swiggy's Instamart in India has announced a partnership with Zepto, a rapid commerce firm based in Mumbai. It is hoped that the collaboration will assist both businesses in introducing private-label goods. Products sold by shops under their own brand names are known as private-label products. Private-label goods give the store a larger profit margin, hence many e-commerce businesses sell them.
- February 2022: Rakuten Group, Inc. declared the opening of "Rakuten Zenkoku Super," their online grocery delivery service in Japan. The next phase of Japanese grocery buying development is represented by Rakuten Zenkoku Super. With the help of this newly built service, supermarkets around the country will be able to reach new demographics and geographic areas by providing them with a comprehensive online grocery buying platform. The platform is made to quickly deliver products to customers.
Market Opportunities and Challenges
The Asia-Pacific region's online grocery market is growing as a result of the e-commerce infrastructure's rapid development. There has been a sharp increase in the number of people shopping for groceries online thanks to the development of online payment methods, mobile device adoption, and high-speed internet. Large e-commerce companies like JD.com, Rakuten, Lazada, and Alibaba's Tmall have simplified the online grocery shopping experience by providing a wide range of products and practical delivery choices. Consumers are more likely to spend more money on online grocery shopping when disposable incomes rise throughout the region. They are also more likely to choose luxury products like organic fruit, premium meats, and foreign goods. This change is the result of changing customer tastes that favour time-saving methods. Online retailers have responded by offering flexible delivery alternatives, such as same-day or next-day delivery, by utilising GPS monitoring technology. Government programmes in nations like China and India that support digitalization and e-commerce further aid in the rise.
Although the market for online grocery delivery in Asia-Pacific is expanding, there are still a number of obstacles to overcome. It can be difficult to guarantee on-time delivery, particularly in isolated locations, because of infrastructure and geographic limits. When purchasing food online, some customers may also have doubts about the quality and freshness of the products, which can impede market expansion. Moreover, platforms that distribute groceries online face fierce competition, which frequently results in narrow profit margins and the need for ongoing innovation to be competitive.
Market Competitive Landscape
The market for online grocery delivery is fragmented. In addition, there is fierce rivalry between regional and international market participants. Principal firms are focusing on expanding their market share through a range of tactics, including as collaborations, mergers and acquisitions, and international expansion. It is expected that the market participants will gain from these initiatives as they expand their product offerings and local presence. Additionally, it is anticipated that they would enhance their offerings throughout the region's market. The major players in the Asia-Pacific Online Grocery Market include: 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Delivery Type |
| Regions covered | Australia, China, India, Indonesia, Japan, South Korea, Thailand and rest of Asia-Pacific |
| Companies Covered | 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 |
COVID-19 Impact on Asia-Pacific Online Grocery Market
The COVID-19 epidemic had a major role in the Asia-Pacific region's online grocery shopping market boom by forcing consumers to switch to online platforms since it restricted their ability to visit physical stores. This led to investments in and an increase in the online presence of both pure-play and established merchants. For instance, Reliance Retail debuted JioMart food, Tata Group purchased BigBasket, and Flipkart debuted a 90-minute delivery service in India. A symbiotic relationship between online and offline shopping was created by retailers deliberately using their offline locations to increase their reach. This is anticipated to support the ongoing growth of the Asia-Pacific online grocery sector.
Key Target Audience:
- Busy Professionals
- Elderly or Disabled Individuals
- Price-Conscious Shoppers
- Subscription-Based Customers
- Urban Dwellers
- Others
Our in-depth analysis of the Asia-Pacific Online Grocery Market includes the following segments:
| By Product Type: |
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| By Delivery Type: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia-Pacific Online Grocery Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Online Grocery Market
- Segmentation of Asia-Pacific Online Grocery Market By Product Type (Breakfast and Dairy, Fresh Produce, Meat and Seafood, Snacks and Beverages, Staples and Cooking Essentials, Others)
- Segmentation of Asia-Pacific Online Grocery Market By Delivery Type (Click and Collect, Home Delivery)
- Statistical Snap of Asia-Pacific Online Grocery Market
- Expansion Analysis of Asia-Pacific Online Grocery Market
- Problems and Obstacles in Asia-Pacific Online Grocery Market
- Competitive Landscape in the Asia-Pacific Online Grocery Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Online Grocery Market
- Details on Current Investment in Asia-Pacific Online Grocery Market
- Competitive Analysis of Asia-Pacific Online Grocery Market
- Prominent Players in the Asia-Pacific Online Grocery Market
- SWOT Analysis of Asia-Pacific Online Grocery Market
- Asia-Pacific Online Grocery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia-Pacific Online Grocery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Online Grocery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Online Grocery Market
7. Asia-Pacific Online Grocery Market, By Product Type (USD Million)
7.1. Asia-Pacific Online Grocery Market Value Share and Forecast, By Product Type, 2023-20337.2. Breakfast and Dairy7.3. Fresh Produce7.4. Meat and Seafood7.5. Snacks and Beverages7.6. Staples and Cooking Essentials7.7. Others
8. Asia-Pacific Online Grocery Market, By Delivery Type (USD Million)
8.1. Asia-Pacific Online Grocery Market Value Share and Forecast, By Delivery Type, 2023-20338.2. Click and Collect8.3. Home Delivery
9. Asia-Pacific Online Grocery Market Forecast, 2019-2033 (USD Million)
9.1. Asia-Pacific Online Grocery Market Size and Market Share
10. Asia-Pacific Online Grocery Market, By Product Type, 2019-2033 (USD Million)
10.1. Asia-Pacific Online Grocery Market Size and Market Share By Product Type (2019-2026)10.2. Asia-Pacific Online Grocery Market Size and Market Share By Product Type (2027-2033)
11. Asia-Pacific Online Grocery Market, By Delivery Type, 2019-2033 (USD Million)
11.1. Asia-Pacific Online Grocery Market Size and Market Share By Delivery Type (2019-2026)11.2. Asia-Pacific Online Grocery Market Size and Market Share By Delivery Type (2027-2033)
12. Asia-Pacific Online Grocery Market, By Region, 2019-2033 (USD Million)
12.1. Asia-Pacific Online Grocery Market Size and Market Share By Region (2019-2026)12.2. Asia-Pacific Online Grocery Market Size and Market Share By Region (2027-2033)12.3. Australia12.4. China12.5. India12.6. Indonesia12.7. Japan12.8. South Korea12.9. Thailand12.10. Rest of Asia-Pacific
13. Company Profile
13.1. Alibaba13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Amazon.com, Inc.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Carrefour13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Costco Wholesale Corporation13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Koninklijke Ahold Delhaize N.V.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. LuLu Hypermarket13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Rakuten Group, Inc.13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Reliance Retail Ltd13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Supermarket Grocery Supplies Private Limited13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Target Brands, Inc.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Tesco13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Walmart Inc.13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Zomato13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia-Pacific Online Grocery Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 15.2% during the forecast period.
Asia-Pacific Online Grocery Market grew in market size from 2023. The Market is expected to reach USD XX Billion by 2033, at a CAGR of 15.2% during the forecast period.
Asia-Pacific Online Grocery Market CAGR of 15.2% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Asia-Pacific Online Grocery Market size is USD XX Billion from 2023 to 2033.
Asia-Pacific Online Grocery Market Segment is Covered By Product Type, By Delivery Type
The Asia Pacific region is anticipated to have the highest market share in Asia-Pacific Online Grocery Market.
The key players in the market include Companies Covered 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
Customers switched to ordering their groceries online because of these aspects' convenience. With only a click of the mouse, you may have fresh and packaged foods including meat, fish, cereals, fruits and veggies, dairy, cereals, snacks, and more delivered to your doorstep.
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