Saudi Arabia Quick Commerce Market Outlook to 2026F - Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future

Saudi Arabia Quick Commerce Market Outlook to 2026F - Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future

The report “Saudi Arabia Quick Commerce Market Outlook to 2026F - Increasing Demand for Rapid Deliveries, Rising Internet Penetration Rate and Changing Lifestyles to Drive the Saudi Arabian Quick Commerce Market in the near future”by Ken Research provides a comprehensive analysis of the potential of Quick Commerce market in Saudi Arabia. The report also covers Saudi Arabia Country overview and Saudi Arabia quick commerce market Overview, Saudi Arabia Quick Commerce market size; Saudi Arabia Quick Commerce market segmentation by B2B/B2C & C2C, by Region, by On-Demand Segment; Saudi Arabia On-Demand Grocery Delivery market segmentation by Region, by Average Delivery Time Taken, by Product Category, by Gender, by Age Group, by Frequency of Ordering; Saudi Arabia On-Demand Food Delivery Market segmentation by Region, by Average Delivery Time Taken, by Gender, by Age Group, by Average Order Value, by Cuisine Type, by Frequency of Ordering; Saudi Arabia On-Demand Last mile Delivery market segmentation by B2B/B2C & C2C, by Region, by Average Delivery Time Taken, by B2C End User; Trends, Genesis, growth journey, challenges, Technological trends; SWOT analysis; Government Policies, COVID-19 Impact, Associations, Customer Analysis and Competition Analysis. The report concludes with future market projections & Outlook and analyst recommendations.

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Detailed Analysis on the Saudi Arabia Quick Commerce Market:

The Saudi Arabia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR in double digits between 2021 and 2026F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last minute ordering and busy lifestyle.

Saudi Arabia Quick Commerce Market:

By B2B/B2C & C2C (By No of Orders),2021 & 2026F:

With smartphone apps and internet traffic growing year-over-year, B2C orders are on the rise in KSA followed by B2B orders. With the high penetration and acceptance of online channel in eB2C are expected to have a domino effect on eB2B. Furthermore, the Courier segment (C2C) is also expected to grow in the coming years as the country has witnessed a growing trend in the popularity of pickup, drop-off services.

By Region(By No of Orders), 2021 & 2026F:

Cities like Riyadh and Jeddah are the highly concentrated areas andthe focal point of growth for e-commerce players whereas Eastern Province is an emerging area. Almost half of the quick commerce orders are coming from Riyadh due to the prime office space and the number of increasing workforces in the region. In other regions, the pandemic has changed the purchasingbehavior of Saudis, mainly shifting it towards online transactionsthus, promoting the growth of Quick Commerce in place of local stores.

By On-Demand Segment (By No of Orders), 2021 & 2026F:

Last Mile Logistics segment has shown tremendous growth in recent years since 2018. Saudi Arabia’s grocery sector is also witnessing a massive surge in online shopping, fueled by a multi-channel push and higher customer stickiness. The current share of grocery segment as compared to other segments is small but is expected to leaps and bounds in the next 5 years.

Saudi Arabia On-Demand Grocery Delivery Market:

By Region (By No of Orders), 2021 & 2026F:

Riyadh and Jeddah are the key hubs of the e-grocery segment in the country.

The central region represents the largest market with large middle- and upper-class consumers and there are plenty of consumers with discretionary budgets which are available for a wide assortment of products.

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

Majority of the orders placed on on-demand grocery delivery platform are delivered in less than 30 minutes followed by 30-45 minutes, only a small percentage of order take 45-60 mins to deliver. The number of orders delivered under 30 minutes will grow in the future as the government is trying to improve the logistics infrastructure.

By Product Category (By No of Orders), 2021 & 2026F:

Grocery amount for majority of the share of orders placed on on-demand grocery delivery platform, followed by bakery and home essentialsand it is also estimated that the Grocery segment will continue to dominate the market in 2026F.

By Gender (By No of Orders), 2021 & 2026F:

Majority of the orders placed on on-demand grocery delivery platforms are by female because of the availability of various high-quality products and companies offering platforms where they can even compare quantity, prices, and quality of offered items. Its is estimated that the percentage of female consumers will reduce but the number of orders will rise in 2026F.

By Age Group (By No of Orders), 2021 & 2026F:

Majority of the orders placed on on-demand grocery delivery platforms are done by the people lying in the age group of 25-34 years which accounts for nearly half of the market share for online food delivery. Its is expected that the market share of age group 18-24 years will increase in 2026F but the age group of 25-34 years will still remain the dominant group for online food delivery platforms.

By Frequency of Ordering (By No of Orders), 2021:

In 2021, nearly one-third of the people had ordered at least one time in a month from the on-demand grocery platform followed by frequent buying like 2-3 times a week, showcasing the shift of consumer preference towards convenience and quick deliveries.

Saudi Arabia On-Demand Food Delivery Market:

By Region (By No of Orders), 2021 & 2026F:

The Central Region is home to famous Saudi cuisines due to which online ordering behavior is increasingly popular and accounts for majority of the demand for food delivery orders. Furthermore, multiple unplanned and last-minute ordering are some other factors contributing to the growth of food delivery platforms mainly coming towards Western and Eastern Saudi region. And it is also estimated that the Central Region will continue to dominate the Saudi Arabia for On Demand food delivery market by number of orders delivered, while other regions like Western and Eastern will gain share in overall orders delivered.

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

In Saudi Arabia food delivery market, almost one-third of the orders are delivered within 30 minutes and majority of the rest of the orders are delivered within 45 minutes. It is expected that in 2026F, almost half of the food delivery orders will be delivered within 30 minutes, consisting mainly of Fast food and traditional Saudi cuisines.

By Gender (By No of Orders), 2021 & 2026F:

In 2021, maximum food delivery orders were placed by males as they are more prone to online food ordering behavior as compared to females. Some other factors like Work from home, work life balance and busy schedule also enhanced the food ordering behavior.

By Age Group (By No of Orders), 2021 & 2026F:

Maximum orders were placed by the people of age group 18-24 years old, due to rising awareness of convenience as well as increasing tech savvy behavior among this age group in 2021. Its is expected that this age group 18-24 years old will still remain the dominant group in terms of placing order in 2026F mainly due to convenience, doorstep delivery and increasing internet penetration.

By Average Order Value (By No of Orders), 2021:

Growing Prominence of Food Delivery Services Among Full-Service Restaurants, Wider choice, modern delivery options, rising disposable income along with increasing smartphone usage, these all factors will contribute in the rise of average order value of the food delivery platforms.

By Cuisine Type (By No of Orders), 2021 & 2026F:

Fast food is the dominant cuisine type to be ordered by the Saudis with having almost half of the share of the market followed by the Saudis traditional cuisines and it is expected that the fast-food segment will remain the dominant cuisine in 2026F.

By Frequency of Ordering (By No of Orders), 2021:

Majority of people ordered food 1-2 times a month followed by once a week in 2021 mainly due to the trust and dependence of young and working adults on the food delivery platform to maintain their work life balance.

Saudi Arabia On-Demand Last Mile Logistics Market:

By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:

The B2B/B2C segment dominates the market in 2021 and will continue to dominate in 2026F mainly due to the rise in food delivery orders.

By Region (By No of Orders), 2021 & 2026F:

The Central Region placed highest number of last mile delivery orders in 2021 other regions like the western and eastern region are also contributing the significant share in overall last mile orders in Saudi Arabia this is mainly because of the convenience in shopping and speedy delivery of the products. It is estimated that Central region will continue to dominate the market by 2026F due to growing partnerships between industry players for shared delivery logistics with last mile delivery platforms.

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

In Saudi Arabia last mile delivery industry, maximum orders were delivered within 30-45 mins in 2021, and is estimated that nearly half of the orders will be delivered within 30 mins by 2026F mainly due to investment in the last mile delivery solutions and B2C platforms expanding beyond concentration in restaurant & grocery.

By B2C End User (By No of Orders), 2021 & 2026F:

Last mile delivery market in Saudi Arabia is led by Food delivery, contributing majority of the share followed by Medical Store deliveries in 2021. Flexi-delivery and advance use of technology are the main reason for the growth in the market and it is estimated that the food delivery segment will remain the dominant segment in 2026F.

Competitive Landscape in Saudi Arabia Quick Commerce Market:

Saudi Arabia Quick Commerce Market is a moderately fragmented market which is still at a growing stage. High internet penetration is the prime factor for the growth of the market. Adoption of new technologies, impact of Covid-19, emergence of new players, and government initiatives are some other factors responsible for the growth of the quick commerce market in Saudi Arabia. The top quick commerce players as of 2021 in Saudi Arabia are, Hungerstation and Nana. Some other players are Jahez, The Chefz, Careem, ToYou, Mrsool, Shgardi.

Saudi Arabia Quick Commerce Market Future Outlook and Projections:

Saudi Arabia Quick Commerce Market is expected to grow with a double digit CAGR, between 2021-2026F, some of the major determinants for the surging growth in the coming years is the changing lifestyle of the people, discounts offered by the companies, convenience, last mile-delivery, availability of variety of brands and Government initiatives. Furthermore, Companies are also adopting new technologies like GPS monitored robots, drones, inbuilt RFID, IoT Telematics that will be used for tracking Inventory and Simplified E-banking system which will contribute in the growth of the quick commerce market in Saudi Arabia.

Key Segments Covered

Saudi Arabia Quick Commerce Market:

By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:

B2B/B2C

C2C

By Region (By No of Orders), 2021 & 2026F:

Central (Riyadh, Qasim)

Western (Mecca, Medina, Jeddah)

Eastern (Dammam, Khafji, Alhasa)

Southern (Asir, Najran, Jizan)

Northern (Ha'il, Tabuk, Jouf)

By On-Demand Segment (By No of Orders), 2021 & 2026F:

On-Demand Food Delivery

On-Demand Last mile Logistics

On-Demand Grocery

Saudi Arabia On-Demand Grocery Delivery Market:

By Region (By No of Orders), 2021 & 2026F:

Central (Riyadh, Qasim)

Western (Mecca, Medina, Jeddah)

Eastern (Dammam, Khafji, Alhasa)

Southern (Asir, Najran, Jizan)

Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

Under 30 Minutes

30 to 45 Minutes

45 Minutes to 60 Minutes

By Product Category (By No of Orders), 2021 & 2026F:

Grocery

Bakery, Snack & Sweets

Home Essentials, Gift & Pet

Health & Wellness

Other Items (Baby & mom Needs, Gadgets, Toys, Stationery etc)

By Gender (By No of Orders), 2021 & 2026F:

Male

Female

By Age Group (By No of Orders), 2021 & 2026F:

18-24

25-34

35-44

45 Above

By Frequency of Ordering (By No of Orders), 2021:

Everyday

2-3 times a week

Once a week

1-2 times a month

Once every 6 months

Once in a year or less

Saudi Arabia On-Demand Food Delivery Market:

By Region (By No of Orders), 2021 & 2026F:

Central (Riyadh, Qasim)

Western (Mecca, Medina, Jeddah)

Eastern (Dammam, Khafji, Alhasa)

Southern (Asir, Najran, Jizan)

Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

Under 30 Minutes

30 to 45 Minutes

45 Minutes to 60 Minutes

By Gender (By No of Orders), 2021 & 2026F:

Male

Female

By Age Group (By No of Orders), 2021 & 2026F:

18-24

25-34

35-44

45 Above

By Average Order Value (By No of Orders), 2021 :

50 SAR – 100 SAR

100 SAR – 200 SAR

>200 SAR

By Cuisine Type (By No of Orders), 2021 & 2026F:

Fast Food

Traditional

Asian

Others (Mediterranean, Lebanese, Latin American Food)

By Frequency of Ordering (By No of Orders), 2021:

Everyday

2-3 times a week

Once a week

1-2 times a month

Once every 6 months

Once in a year or less

Saudi Arabia On-Demand Grocery Delivery Market:

By B2B/B2C & C2C (By No of Orders), 2021 & 2026F:

B2B/B2C

C2C

By Region (By No of Orders), 2021 & 2026F:

Central (Riyadh, Qasim)

Western (Mecca, Medina, Jeddah)

Eastern (Dammam, Khafji, Alhasa)

Southern (Asir, Najran, Jizan)

Northern (Ha'il, Tabuk, Jouf)

By Average Delivery Time Taken (By No of Orders), 2021 & 2026F:

Under 30 Minutes

30 to 45 Minutes

45 Minutes to 60 Minutes

By B2C End User (By No of Orders), 2021 & 2026F:

Food Delivery

Supermarts & Conveyance Stores

Furniture & Home Essentials Stores

Medical Store Deliveries

Others (Pet Supplies, Flowers & Gift Shops, Bakery Stores, Stationery etc.)

Key Target Audience

Quick Commerce Players

Ecommerce Companies

E-grocery Companies

Logistics Companies

Cold Chain Companies

Investors & Venture Capitalists

Time Period Captured in the Report:

Historical Period: 2018-2020

Base Year: 2021

Forecast Period: 2022F – 2026F

Companies Covered:

On-Demand Grocery Delivery

Hungerstation

Nana

On Demand Food Delivery

Hungerstation

Jahez

The Chefz

Careem

ToYou

On-Demand Last mile Logistics Delivery

Mrsool

Shgardi

Key Topics Covered in the Report:

Executive Summary of Saudi Arabia Quick Commerce Market

Saudi Arabia Country Overview

Digital Economy in Saudi Arabia

Saudi Arabia Quick Commerce Market Overview and Genesis

Ecosystem of major entities in Saudi Arabia Quick Commerce Market

Genesis of Saudi Arabian Quick Commerce Market

E-Commerce vs Quick Commerce

Saudi Arabia Quick Commerce Market Size

Saudi Arabia Quick Commerce Market Segmentation by Segments, 2021 (Food delivery, Grocery delivery, Last-mile logistics)

Saudi Arabia On-Demand Grocery Delivery Market

Ecosystem of the Grocery Delivery Market in Saudi Arabia

Drivers and Challenges in Saudi Arabia On-Demand Grocery Delivery Market

Business Model(s) followed by On-Demand Grocery Delivery Platforms

On-Demand Grocery Platforms Revenue Model

Growth Journey of major on-demand grocery delivery players in Saudi Arabia

Cross comparison of major on-demand grocery delivery players in Saudi Arabia

Saudi Arabia On-Demand Food Delivery Market

Ecosystem of the Food Delivery Market in Saudi Arabia

Customer Journey of on demand food order

Cloud Kitchen as a new emerging vertical

Economics of Food Delivery Order

Different types of Food Delivery Business Models

Inventory Business Model

Market Sizing Analysis of Saudi Arabia On-Demand Food Delivery Market

Competition Analysis: Market Share of major On-Demand Food Delivery Players, 2021

Growth Journey of major on-demand Food delivery players in Saudi Arabia

Cross comparison of major on-demand Food delivery players in Saudi Arabia

Saudi Arabia On-Demand Last Mile Logistics Market

Ecosystem of the Last Mile Logistics Market in Saudi Arabia

Business Cycle and Genesis of Saudi Arabia On Demand Last Mile Logistics Market

Revenue Model of Saudi Arabia Last Mile Delivery Market

Market Sizing Analysis of Saudi Arabia On-Demand Last Mile Logistics Market (GMV and number of orders)

Competition Analysis: Market Share of major On-Demand Last Mile Logistics Players, 2021

End User Analysis of Saudi Arabia Quick Commerce Market

Consumer needs: Quick Commerce Market

Factors affecting purchase decision of Saudi Consumers: Quick Commerce

Industry Analysis of Saudi Arabia Quick Commerce Market

SWOT Analysis of Saudi Arabia Quick Commerce Market

Technological trends in Saudi Arabia Quick Commerce Market

Key Challenges in Saudi Arabia Quick Commerce Market

Competition Framework of Saudi Arabia Quick Commerce Market

PEAK Matrix Assessment of Saudi Arabia Quick Commerce Market

Market Share of Saudi Arabia Quick Commerce Market major players

Impact of Covid-19 on Saudi Arabia Quick Commerce Market

Future Outlook of Saudi Arabia Quick Commerce Market

Market Opportunity

Analyst Recommendations

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