Singapore Online Grocery Market Overview
According to SPER Market Research, the Singapore Online Grocery Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
A website or mobile app that allows you to shop for groceries and other household necessities while remaining at home is known as an online grocery market. Instead of physically visiting a store, you can browse through various product categories, add items to your cart, and quickly complete the checkout process. Fresh produce, canned and packaged foods, cleaning supplies, and personal care products are frequently available in online grocery stores. Many of them also provide delivery services, which allow you to get your groceries brought right to your door. People who don't have a lot of time or have trouble getting to a physical store may find this to be especially convenient. With the rise of e-commerce, online grocery markets have become increasingly popular, providing a convenient and efficient way to shop for groceries.
Exploring the Growth Drivers of the Singapore Online Grocery Industry
Several factors, including the growth of e-commerce and the widespread adoption of technology, which has made it simpler for people to shop for groceries online, are what fuel the Singapore online grocery market. The COVID-19 pandemic has had a significant effect on the market as well, with consumers becoming less likely to visit physical stores and choosing to have their purchases delivered to their homes. Singaporeans' hectic lifestyles have also contributed to the growth of online grocery shopping because it offers a practical and efficient substitute for going to actual stores. The expanding selection of goods and services provided by online grocery stores, including fresh produce, frozen food, toiletries, and household essentials, as well as different delivery options, such as same-day and next-day delivery, have also significantly contributed to the market's expansion.
What challenges does the Singapore Online Grocery Market face?
Despite expanding popularity, the Singaporean online grocery market still faces a number of obstacles. The high cost of logistics required to guarantee that products are delivered in good condition is one of the main challenges. Maintaining product quality and freshness is also a top priority because failing to meet customer expectations can lead to bad reviews and clientele loss. A further difficulty is the fierce competition in the online grocery market, which results in price wars and pressure to provide customers with alluring discounts and promotions. Another difficulty is that some customers lack confidence due to worries about fraud, data privacy, and security breaches. Finally, sustainability is another challenge, as customers expect online grocery stores to adopt eco-friendly practices to reduce packaging waste and offer sustainable products.
In what ways has the COVID-19 pandemic affected Singapore Online Grocery Market?
The Singapore online grocery market has been significantly impacted by the COVID-19 pandemic. People now prefer shopping for groceries online due to their concern about getting the virus, which has increased demand and led to the entry of more online grocery stores. Online grocery stores have increased sanitation standards and implemented contactless delivery to ensure the security of both customers and employees. The pandemic has also sped up the adoption of technology, resulting in an increase in the number of online grocery stores adding new features. As a result, even after the pandemic is over, many people now favour grocery shopping online. Due to this, the market has changed, and more conventional brick-and-mortar grocery stores are now operating online in order to keep up with the latest trends.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Platform
|
| Regions covered | North Region, East Region, South Region, West Region
|
| Companies Covered | RedMart, FairPrice Online, Amazon Prime Now, Sheng Siong, Grocers, QB Food Trading Pte Ltd, The Fishwives, The Butcher's Dog, Ryan's Grocery, Open Taste, EAMart, PurelyFresh, Yummi House, Freshdirect
|
Key Target Audience
- Individuals
- Retailers
- Urban Population
Singapore Online Grocery Market Segmentation:
1. By Type:
- Singapore Online Grocery Market Value Share and Forecast, By Type, 2023-2033
- Fruits & Vegetables
- Household Products
- Packed Food & Beverages
- Personal Care
- Others
2. By Platform:
- Sigapore Online Grocery Market Value Share and Forecast, By Platform, 2023-2033
- Desktop Website
- Mobile Application
3. By Region:
- North Region
- East Region
- South Region
- West Region
Key Topics Covered in the Report
- Singapore Online Grocery Market Size (FY’2023-FY’2033)
- Overview of Singapore Online Grocery Market
- Segmentation of Singapore Online Grocery Market By Type (Fruits & Vegetables, Household Products, Packed Food & Beverages, Personal Care, Others)
- Segmentation of Singapore Online Grocery Market By Platform (Desktop Website, Mobile Application)
- Growth Analysis of Singapore Online Grocery Market
- Problems and Challenges in Singapore Online Grocery Market
- Competitive Landscape in the Singapore Online Grocery Market
- Impact of COVID-19 and Demonetization on Singapore Online Grocery Market
- Details on Recent Investment in Singapore Online Grocery Market
- Competitive Analysis of Singapore Online Grocery Market
- Key Players in the Singapore Online Grocery Market
- SWOT Analysis of Singapore Online Grocery Market
- Singapore Online Grocery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Singapore Online Grocery Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Singapore Online Grocery Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Online Grocery Market
7. Singapore Online Grocery Market, By Type (USD Million)
7.1. Singapore Online Grocery Market Value Share and Forecast, By Type, 2023-2033
7.2. Fruits & Vegetables
7.3. Household Products
7.4. Packed Food & Beverages
7.5. Personal Care
7.6. Others
8. Singapore Online Grocery Market, By Platform (USD Million)
8.1. Sigapore Online Grocery Market Value Share and Forecast, By Platform, 2023-2033
8.2. Desktop Website
8.3. Mobile Application
9. Singapore Online Grocery Market Forecast, 2019-2033 (USD Million)
9.1. Singapore Online Grocery Market Size and Market Share
10. Singapore Online Grocery Market, By Type, 2019-2033 (USD Million)
10.1. Singapore Online Grocery Market Size and Market Share by Type (2019-2026)
10.2. Singapore Online Grocery Market Size and Market Share by Type (2027-2033)
11. Singapore Online Grocery Market, By Platform, 2019-2033 (USD Million)
11.1. Singapore Online Grocery Market Size and Market Share by Platform (2019-2026)
11.2. Singapore Online Grocery Market Size and Market Share by Platform (2027-2033)
12. Singapore Online Grocery Market, By Region, 2019-2033 (USD Million)
12.1. Singapore Online Grocery Market Size and Market Share by Region (2019-2026)
12.2. Singapore Online Grocery Market Size and Market Share by Region (2027-2033)
12.3. North Region
12.4. East Region
12.5. South Region
12.6. West Region
13. Company Profile
13.1. Amazon Prime Now
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. EAMart
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. FairPrice Online
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Freshdirect
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Grocers
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Open Taste
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. PurelyFresh
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. QB Food Trading Pte Ltd
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. RedMart
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Ryan's Grocery
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Sheng Siong
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. The Butcher's Dog
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. The Fishwives
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Yummi House
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
