The Singapore Online Grocery Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Singapore Online Grocery Market is projected to witness a compound annual growth rate (CAGR) of around 8.98% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Singapore Online Grocery Market Segmentation Analysis: 2024-2030
The Singapore Online Grocery Market is segmented into:
By Product Type
- Ready-to-Eat (Fresh Foods)- (Market Size & Forecast 2019-2030, (USD Million)
- Snacks and Beverages- (Market Size & Forecast 2019-2030, (USD Million)
- Bakery and Confectionary- (Market Size & Forecast 2019-2030, (USD Million)
- Dairy, Chilled & Eggs-(Market Size & Forecast 2019-2030, (USD Million)
- Household Needs- (Market Size & Forecast 2019-2030, (USD Million)
- Staples and Cooking Essentials- (Market Size & Forecast 2019-2030, (USD Million)
- Others (Meat & Seafood, Baby Food and Care, Health, etc.)- (Market Size & Forecast 2019-2030, (USD Million)
By Delivery Type
- Instant Delivery- (Market Size & Forecast 2019-2030, (USD Million)
- Schedule Delivery- (Market Size & Forecast 2019-2030, (USD Million)
By Platform
- Web-based- (Market Size & Forecast 2019-2030, (USD Million)
- App-based- (Market Size & Forecast 2019-2030, (USD Million)
By Mode of Delivery
- Online Payment- (Market Size & Forecast 2019-2030, (USD Million)
- Cash on Delivery- (Market Size & Forecast 2019-2030, (USD Million)
By Business Model
- Pure Marketplace- (Market Size & Forecast 2019-2030, (USD Million)
- Hybrid Marketplace- (Market Size & Forecast 2019-2030, (USD Million)
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Singapore Online Grocery Market Opportunity:
Inclination Towards Locally Grown Produce to Provide Attractive Growth Opportunities – There is a growing emphasis on food safety and sustainability in Singapore, with consumers seeking assurance about the origins and quality of their food. Locally sourced foods are perceived to be safer and more trustworthy in terms of quality and hygiene standards compared to their imported counterparts. This shift towards locally grown produce is also fueled by a desire to support local farmers and promote sustainability within the food supply chain. Singapore's "30 by 30" goal, aiming to produce 30% of its nutritional needs locally by 2030, further emphasizes the importance of supporting domestic agriculture. This growing preference for locally grown fresh produce is likely to impact the demand for online grocery platforms and services in Singapore. As consumers prioritize freshness and traceability, online platforms that offer a wide selection of locally sourced produce are poised to attract more customers. Thus, it offers lucrative opportunities for market growth & expansion in the long run.
Geographical Coverage of the Singapore Online Grocery Market
- Central Region
- East Region
- North Region
- North-East Region
- West Region
Singapore Online Grocery has captured a significant market share in the Singapore Online Grocery Market.
Top Leading Key Players of Singapore Online Grocery Market
- Lazada Group
- Fair Price Online
- Shopee
- Cold Storage Online
- Amazon.com, Inc.
- Komalas Vegemart Pte Ltd.
- Sheng Siong
- Grocer
- Food Panda
- Waangoo
- Ryan’s Grocery (S) Pte Ltd.
- Others (Nature’s Glory, Sasha’s Fine Foods, etc.)
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Common Queries
- What is the current trajectory of cost and profit estimations in the Singapore Online Grocery Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Singapore Online Grocery Industry?
- Which technological advancements are anticipated to shape the future of the Singapore Online Grocery Market?
- Who are the noteworthy players highlighted in the Singapore Online Grocery Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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