Online grocery delivery is the term for the grocery delivery service that collaborates with grocery store chains to provide delivery from a variety of locations. As a result, they provide a wide range of products to meet all dietary requirements. Online grocery delivery eliminates the need for customers to stand in long lines at the register and shop from the comfort of their office, sofa, or dining room table. The process of having goods picked up from a retailer and delivered to a customer is also included in the term "online delivery services". Customers will thus have more time to partake in their favourite activities because groceries are delivered right to their homes.
Saudi Arabia Online Grocery Delivery Market Driving Factors and Challenges
Drivers: The market's expansion can be attributed to consumers' changing preferences for online shopping in recent years. Furthermore, the competition has been bolstered by the availability of numerous online resources and their up-to-date delivery services, which will propel the growth of the Saudi Arabian online grocery delivery market over the next five years. Furthermore, the ability to compare the quantity, prices, and quality of the products and services as well as the availability of a wide range of goods and services on online portals is contributing to the expansion of the Saudi Arabian online grocery delivery market in the Forcast Peroid.
Challenges: Delivery and storage are two of the largest capital costs for any online grocery retailer. Investors' savings are diminished as these expenses increase yearly. The distribution and delivery of fresh goods is another problem. An inventory management system that is coupled with software for grocery delivery can handle these to a greater extent. Any e-grocery business that relies on delivery executives, who aren't always dependable, faces additional challenges with delivery. Delivering the product fresh within the delivery window requires an efficient delivery system. The Saudi Arabian online grocery delivery market is not growing because of all these factors.
Impact of COVID-19 on Saudi Arabia Online Grocery Delivery Market
The COVID-19 pandemic-related lockdown raised demand for online delivery. Online grocery shopping experienced a surge in popularity during the pandemic. This is because doorstep delivery, lower service fees, and readily available time slots all contribute to this. Because picking up groceries while driving is convenient, people are also being encouraged to use click and collect services, make online grocery reservations, and pick up their ordered groceries while avoiding crowds. As a result, grocery retailers are swiftly developing click-and-collect options as part of their efforts to provide a comprehensive and practical shopping experience across their chain of supermarkets.
Saudi Arabia Online Grocery Delivery Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Nana Direct, Quix, Khodar & More, Lulu Hypermarket KSA, Noon, Talabat, Haseel, Shgardi, Jumlaty, Qava Shop, and other prominent players.
Saudi Arabia Online Grocery Delivery Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Online Grocery Delivery Market is segmented as; Fresh foods, Household Products, Packaged Foods & Beverages, Personal Care, Others.
By Platform: Based on the Platform, Saudi Arabia Online Grocery Delivery Market is segmented as; Mobile Application, Desktop Website.
By Mode of Payment: Based on the Mode of Payment, Saudi Arabia Online Grocery Delivery Market is segmented as; Card on Delivery, Cash on Delivery, Pre-Delivery Online Payment.
By Region: This research also includes data for Dubai, Abu Dhabi, Sharjah, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.