According to the latest report by IMARC Group, titled "GCC Online Grocery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the GCC online grocery market is currently witnessing robust growth. Looking forward, the market is expected to continue its robust growth during 2021-2026. Online grocery refers to the buying of grocery products via online retail channels. Online grocery platforms assist in purchasing fresh and packaged items, including dairy, cereals, fruits, vegetables, frozen meat and seafood, beverages and snacks. It offers several additional advantages, such as flexible payment options, hassle-free shopping, track the delivery, cashback and discounted offers. As a result, online grocery is gaining popularity, particularly among the millennial population of the GCC region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
Rapid urbanization coupled with the growing penetration of the internet and smart devices is primarily driving the demand for online grocery in the GCC region. Furthermore, the positive influence of social media apps, such as Facebook and Instagram, is allowing market players to expand their consumer base by directly interacting with existing and potential customers. Moreover, the hectic consumer work schedules and rising working women are also bolstering the market for hassle-free grocery shopping. Besides this, due to the outbreak of COVID-19 pandemic, consumer preferences have shifted towards online grocery platforms for combatting the spread of coronavirus upon human interaction across brick-and-mortar retail stores.
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Key Market Segmentation:
Breakup by Product Type:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
Breakup by Business Model:
- Pure Marketplace
- Hybrid Marketplace
- Others
Breakup by Platform:
- Web-Based
- App-Based
Breakup by Purchase Type:
- One-Time
- Subscription
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.