Rising demand of better consumer services is driving the growth of Saudi Arabia Online Grocery Delivery Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Online Grocery Delivery Market By Product Category (Fresh Foods, Household Products, Packaged Foods & Beverages, Personal Care, Others) By Platform (Mobile Application & Desktop Website) By Mode of Payment (Pre Delivery Online Payment, Card on Delivery and Cash on Delivery) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia online grocery delivery market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia online grocery delivery market owes its growth to the factors like rapidly increasing usage of smart phones and internet service penetration in the market. Moreover, accessibility to the delivery services that is making daily lifestyle and busy schedule management easier for the young working population is further aiding to the growth of the market in the next five years. Furthermore, rapid changes in the fooding habit are also one of the major factors driving the growth of the market. Technological advancements have flooded the market with online grocery and food delivery service providers. The market players are consistently dedicated toward providing the best shopping and service delivery experiences and thereby supporting the growth of the market in the upcoming five years. Online grocery delivery services work on either mobile applications or desktop websites. The availability of the multiple market players is also influencing the market growth in the five years forecast until 2026.
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The Saudi Arabia online grocery delivery market is segmented by product category, platform, payment mode, regional distribution, and competitional analysis. Based on platform, the market is divided between desktop website and mobile application. Mobile application is anticipated to dominate the market in the upcoming five years. The market growth can be relied on the feasibility and accessibility of the mobile apps that are rapidly increasing. More market players are invested in providing the easier user interface enabled apps and that is actively responsible for the market growth in the upcoming five years. Desktop websites are expected to register significant growth on the account of consumers ordering groceries and shopping while at work.
Based on payment mode, the market is fragmented into pre delivery online payment, card on delivery and cash on delivery. Online payment method is expected to generate maximum revenue due to consumers inclination. Making online payment is more secure and helps with avoiding any type of physical exchanges. In the recent event of pandemic, the online payment methods have boomed since the no contact delivery was advertised and promoted well. Card on delivery is expected to register the fastest growing CAGR on the account of consumers’ reliability to card payments. The billing amount is directly deducted from the bank accounts and consumers have complete proof of the transactions in case of any fraud situations.
Based on product category, the market is further bifurcated into fresh foods, household products, packaged foods & beverages, personal care, and others. Packaged foods & beverages are anticipated to dominate the market in the upcoming five years on the account of surge in the demand from the working population of the country. The busy lifestyle and accessibility to the convenience delivery is driving the growth of the market in the next five years. Fresh foods are also expected to register significant growth in the market on the backbone of availability of the fresh meat, fresh vegetables, fresh fruits, etc. to the consumers. Multiple market players have flooded the market claiming the farmer’s market fresh products frozen and supplied with utmost care such that nutrient content of the food item is not disrupted, thereby further aiding to the growth of the Saudi Arabia online grocery delivery market.
A partial list of market player in the Saudi Arabia online grocery delivery market includes Nana Direct, Quix, Khodar & More, Lulu Hypermarket KSA, Noon, Talabat, Haseel, Shgardi, Jumlaty, Qava Shop, Freshvery, Mandarine, Suqiakum, ZAD, Qareeb Technology FZ-LLC, among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced devices and effective services would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide smart devices and smart services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Online grocery delivery demand in the country is rapidly increasing. With the applications of feasible bill payments and secure delivery of the products and services the market is bound to register esteemed growth in the upcoming five years. New market players may focus on the better delivery services and enticing schemes. Membership plans from the delivery service providers is expected to aid consumers’ reliability as well as make considerable profits for thew market players too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Online Grocery Delivery Market By Product Category (Fresh Foods, Household Products, Packaged Foods & Beverages, Personal Care, Others) By Platform (Mobile Application & Desktop Website) By Mode of Payment (Pre Delivery Online Payment, Card on Delivery and Cash on Delivery) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia online grocery delivery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia online grocery delivery market.
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