
Report ID: UCMIG45E2159
Report ID:
UCMIG45E2159 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for instant grocery services attained a value of USD 126.4 billion in 2021 and is projected to witness significant growth with a CAGR of 19.0% from 2022 to 2030. This growth can be attributed to several factors, including the increasing adoption of online grocery shopping, rising consumer demand for convenience and time-saving options, and the expansion of e-commerce platforms and mobile applications in the grocery industry. The market expansion is further fueled by changing consumer preferences, urbanization, and advancements in logistics and delivery technologies that enable efficient and quick fulfillment of grocery orders.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2159