GCC Online Grocery Market

GCC Online Grocery Market Overview:

The GCC online grocery market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Online grocery refers to a service provided by various platforms offering numerous fresh and packaged products, such as dairy products, fruits, vegetables, frozen food, meat, beverages, and other cooking essentials. Online grocery shopping allows consumers to compare prices on various websites and track their total spending, order history to reorder items, and delivery process. Some other advantages these stores offer are cashback, express delivery options, discounted offers, and instant payment gateways. In recent years, online grocery has gained traction in the GCC region on account of the busy lifestyle of the masses, and faster delivery of products with doorstep facilities.

One of the primary factors driving the market is the changing shopping preferences of individuals due to the sudden outbreak of coronavirus disease (COVID-19). Additionally, these websites offer the options of digital payments and contactless deliveries in an attempt to minimize social contact and contain the spread of the virus across the GCC countries. Other than this, the increasing penetration of social media applications, such as Instagram and Facebook, along with extensive investments in innovative promotional campaigns, is creating a positive market outlook. Besides this, the integration of advanced technologies, including artificial intelligence (AI), the Internet of Things (IoT), and Big Data, which allow the brands to predict consumer behavior for targeted advertising, is propelling the market growth. Apart from this, the growing sales of smartphones and the increasing penetration of high-speed internet are encouraging individuals to opt for online grocery platforms. Furthermore, attractive discounts offered by these platforms and the rising income levels of individuals are escalating the demand for these services. Other than these factors, key players are also adopting numerous innovative business models, such as on-demand or subscription, slotted or express delivery models, to expand their consumer base and encourage individuals to opt for online grocery shopping.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC online grocery market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC online grocery market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC online grocery market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC online grocery market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC online grocery market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC online grocery market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC online grocery market industry. Furthermore, the value chain analysis of the GCC online grocery market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Online Grocery Market Segment Insights:

The GCC online grocery market has been analysed as followed:

By Product Type:

• Vegetables and Fruits
• Dairy Products
• Staples and Cooking Essentials
• Snacks
• Meat and Seafood
• Others

By Business Model:

• Pure Marketplace
• Hybrid Marketplace
• Others

By Platform:

• Web-Based
• App-Based

By Purchase Type:

• One-Time
• Subscription

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Online Grocery Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC online grocery market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs