Instant Grocery Market Analysis And Forecast To 2031: By Product (Dairy and breakfast products, Fresh Produce, Snacks and beverages, Meat and seafood, Staple and cooking essentials, Cleaning Essentials, Home utilities, Bath & Body, Others), By Delivery Ty

Instant Grocery Market Analysis And Forecast To 2031: By Product (Dairy and breakfast products, Fresh Produce, Snacks and beverages, Meat and seafood, Staple and cooking essentials, Cleaning Essentials, Home utilities, Bath & Body, Others), By Delivery Type (Home Delivery, Click and Collect), By Purchaser Type (One Time, Subscriber), And Region

The global Instant Grocery Market was valued at USD 120.2 Billion in 2021 and it is anticipated to grow up to USD 181.3 Billion by 2031, at a CAGR of 4.2% during the forecast period.

Instant Grocery is a new type of grocery store that is popping up all over the country. These stores are smaller than your average grocery store, and they specialize in providing fresh, healthy, and organic food to their customers. The food is prepared fresh in the store, and customers can either take it to go or eat it in the store. The store also offers a variety of other services, such as a coffee shop, a juice bar, and a bakery.

Global Instant Grocery Market Scope and Report Structure

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Market Trends and Drivers

Technological developments, like smart tracking and improved analytical insights, are some of the main elements fueling the expansion of the instant grocery market. Mobile and eCommerce businesses are looking at instant grocery delivery as a potential development area. Furthermore, the instant grocery channel for quick shopping is anticipated to grow as the transition from brick-and-mortar to online retail continues. Delivering goods from the warehouse to clients is no longer the main goal of instant groceries. In recent years, users were compelled to step out of their houses in order to purchase any particular good from the grocery store. It takes a lot of time as well as the efforts of the customer. However, with the emergence of instant delivery applications and services, this problem has been addressed. Instant grocery shopping allows the user to purchase and receive any goods at their doorstep. Users can purchase everything they need in order to fulfill their daily requirements through these applications.

Market Restraints and Challenges

The difficulty of adapting to new and complex technologies is one of the major obstacles to the growth of the instant grocery market. Although the companies ensure the delivery of any product in 10 to 20 minutes, e-commerce players face many challenges. Creating technology that reliably delivers things in the promised time period and running a supply chain that can handle such a high-touch, high-frequency user case is just a few of the exciting challenges facing quick-commerce nowadays.

Global Instant Grocery Market Segmental Overview

The report analyses the global Instant Grocery Market based on product, delivery type, purchaser type, and region.

Global Instant Grocery Market by Product

By product, the market is segmented into dairy and breakfast products, fresh produce, snacks and beverages, meat and seafood, staple and cooking essentials, cleaning essentials, home utilities, bath & body, and others. The fresh produce segment accounted for significant market share in 2021 and is expected to register lucrative CAGR over the forecast period. Around 40% of consumers in the country have tried online shopping with home delivery for fresh groceries. The convenience and easy accessibility to high-quality fresh produce are the key considerations among consumers for choosing online grocery stores. This has encouraged companies to develop differentiated business models to improve customer satisfaction and remain competitive in the market. With the ongoing COVID-19 pandemic, leading grocery retailers in the UK are expanding their delivery capacity to fulfill the growing demand of consumers. For instance, in September 2020, J Sainsbury PLC included 1,000 additional online delivery vans to handle 700,000 online grocery orders in a week. Other retailers, such as Tesco PLC, Asda Stores Ltd., and Morrisons, have expanded delivery times to serve more customers and increase market share in the short-term.

Global Instant Grocery Market by Delivery Type

By delivery type, the market is segmented into home delivery, and click and collect. Of these the click & collect model has become a prerequisite for shoppers demanding convenience in picking up their goods. The model involves consumers ordering products online and then picking them up at a pre-determined location. According to Doddle Parcel Services Ltd., in March 2019, out of 2,000 U.S. consumers surveyed, 68% preferred click & collect delivery method due to faster and cheaper access to orders. The click & collect method provides complete control to the consumers over the delivery of their products along with the provision of various options for collection, fulfillment, and eliminating unprofessional delivery services.

Cost-effectiveness is another primary factor for the adoption of the click & collect model among consumers as it offers zero or minimal added delivery costs. It enables consumers to check the quality of the product, pick up orders at their convenience, and save shipping costs. The model has also been beneficial to retailers, helping them to eliminate the need of hiring delivery persons or renting vehicles, and pay a one-time cost to set up the click & collect system.

Global Instant Grocery Market by Purchaser Type

The purchaser type segment of the market is bifurcated into one time, and subscriber. The subscriber are expected to register highest CAGR between 2022 and 2031. Subscription model allows customers to purchase groceries without any interruption and receive a specific product regularly. The benefit of flexibility and anytime cancellation provides easy opt-in and opt-out options to consumers. It also allows consumers to receive home deliveries at a specific period without paying additional delivery charges. Online grocery market participants are increasingly using the subscription-based delivery service model to drive revenue and enable flexible billing options.

Geographical Analysis of Global Instant Grocery Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe instant grocery market revenue is poised to grow significant CAGR during the forthcoming years. The presence of leading retail grocery chains and the growing popularity of online shopping in countries such as the UK, Germany, Spain, France, and Italy are driving the regional market growth. The COVID-19 pandemic is providing a significant short-term boost to the industry. According to Waitrose & Partners, a brand of supermarkets, out of 2,000 consumers in the UK, 60% have shopped online for groceries since the pandemic with 40% citing convenience as the primary reason. Furthermore, the increasing focus of government administrations & financial organizations on promoting the usage of digital payment methods to contain the virus spread is likely to boost the market revenue. In March 2020, the European Banking Authority (EBA) directed payment firms to adopt contactless payments to reduce the risk of spreading the virus.

Major Players in the Global Instant Grocery Market

The instant grocery industry is highly competitive with the presence of multiple small and large players across the globe. Companies are engaged in acquisitions and partnerships to gain a competitive edge over other companies through expansion in new territories. The key players in the Instant Grocery Market s Amazon.com, Inc., Swiggy, Ocado Retail Ltd., Blink Commerce Pvt. Ltd., Instacart, Uber Technologies, Inc., Walmart, Inc., Delivery Hero SE, Target Corporation, and DoorDash, Inc., among others.

COVID-19 Impact:

The unprecedented outbreak of COVID-19 has emerged as a major factor for individuals shifting from brick and mortar stores to online grocery stores. According to a survey by Chicory, a New York-based digital shopper marketing platform, in October 2020, there were 18% more online grocery users compared to pre-COVID times. The COVID-19 pandemic is anticipated to have a substantial positive impact on the growth of the instant grocery market. Many modifications in the consumer behavior have been driven by the COVID-19 outbreak. Due to the pandemic, the majority of people have adopted online grocery shopping for the first time, which compelled retailers to focus on online delivery. Due to the ease of placing an order through just one click from the convenience of their own home and the close proximity of physical stores, consumers prefer online grocery rapid delivery

Recent Developments

In August 2022, Amazon rolled out same-day delivery from select retail stores. With this launch, the company aimed to avail the delivery of more products in significantly reduced time. Moreover, this launch also complements the company’s aim to compete with delivery apps offering same-day delivery of retail products

In July 2022, Uber introduced a range of new features to its grocery delivery service. This product expansion aimed to offer more convenience to consumers as well as merchant partners. Moreover, this product expansion would also allow customers to place orders from grocery stores post the operational hours, schedule deliveries, order tracking, etc.

In June 2022, Instacart Walmart Canada partnered with Instacart, a grocery delivery, and pick-up service company. This partnership aimed to include Walmart Now, a virtual convenience store pilot within Toronto. In addition, the new virtual store would offer 4,000 items for delivery within 30 minutes with an Instacart-powered service.

In May 2022, Uber entered into a partnership with Albertsons Companies, an American grocery company. Through this partnership, the companies aimed to add Albertsons stores and 2000 grocers stores to Uber Eats.

In February 2022, Blinkit partnered with Chuk, a compostable food service ware company. Following this partnership, the companies would roll out a range of disposable tableware, including trays, plates, and bowls made of plant-based material. In addition, the companies also aimed to boost the sustainability of the environment.

In September 2021, Instacart entered into a partnership with Kroger, an American retail company. Under this partnership, the companies aimed to launch Kroger Delivery Now, a virtual convenience store that delivers meal solutions, fresh food, snacks, and other products within 30 minutes. In addition, the new service encompasses a choice of nearly 25,000 items available for 50 million households through 2,700 grocery stores of Kroger.

In May 2021, Uber Technologies came into a partnership with GoPuff, a consumer goods and food delivery company. Following this partnership, the companies aimed to integrate Ubers engaged US consumer base and the expertise of GoPuff in instant needs delivery to fulfill the demand of customers.



Frequently Asked Questions

Q1. How big is the biliary stents market?

Ans. The global Instant Grocery Market was valued at USD 120.2 Billion in 2021 and it is anticipated to grow up to USD 181.3 Billion by 2031, at a CAGR of 4.2% during the forecast period.

Q2. What is the Instant Grocery Market growth rate?

Ans. The growth rate of the Instant Grocery Market is 4.2%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Instant Grocery Market in 2021.

Q4. Which segment accounted for the largest Instant Grocery Market share?

Ans. By purchaser type, one time segment accounted for the largest Instant Grocery Market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global Instant Grocery Market report includes players such as Amazon.com, Inc., Swiggy, Ocado Retail Ltd., Blink Commerce Pvt. Ltd., Instacart, Uber Technologies, Inc., Walmart, Inc., Delivery Hero SE, Target Corporation, and DoorDash, Inc., among others.

Q6. What are the factors driving the Instant Grocery Market growth?

Ans. Technological developments, like smart tracking and improved analytical insights, are some of the main elements fueling the expansion of the instant grocery market.

Q7. What are the key growth strategies of Instant Grocery Market players?

Ans. The key growth strategies of Instant Grocery Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Instant Grocery Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Instant Grocery Market during the forecast period.