Singapore Online Grocery Market Research Report Forecast: (2024-2030)

Singapore Online Grocery Market Report - By Product Type (Ready-to-Eat (Fresh Foods), Snacks and Beverages, Bakery and Confectionary, Dairy, Chilled & Eggs, Household Needs, Staple......s and Cooking Essentials, Others (Meat & Seafood, Baby Food and Care, Health, etc.)), By Delivery Type (Instant Delivery, Schedule Delivery), By Platform (Web-based, App-based), By Mode of Delivery (Online Payment, Cash on Delivery), By Business Model, (Pure Marketplace, Hybrid Marketplace,) Others Read more

  • FMCG
  • Apr 2024
  • 116
  • PDF, Excel, PPT

Market Definition

Online grocery refers to the process of purchasing food, household, medical, and related daily-use products through internet-based platforms or applications. These products are generally delivered to end customers through the rapid delivery services provided by these platforms. The market is gaining greater prominence globally due to the greater convenience and flexibility it offers in comparison to shopping through store visits.

Market Insights & Analysis: Singapore Online Grocery Market (2024-30):

The Singapore Online Grocery Market size is estimated to grow at a CAGR of around 8.98% during the forecast period, i.e., 2024-30. The market growth is attributed to the convenience offered by these platforms, which resonates well with the fast-paced lifestyle of Singaporeans. With hectic work schedules and limited time for traditional grocery shopping, the ability to order groceries online and have them delivered to the doorstep saves time and effort. Besides, the COVID-19 pandemic has significantly accelerated the adoption of online grocery shopping. The concerns about health and safety have prompted residents to minimize physical interactions in crowded spaces like supermarkets, making online platforms a safer alternative.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 8.98%
Regions Covered Central Region, East Region, North Region, North-East Region, West Region
Key Companies Profiled 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., and others (Nature’s Glory, Sasha’s Fine Foods, etc.)
Unit Denominations USD Million/Billion

 

Additionally, the wide variety of products available on online platforms with competitive pricing and promotional offers make online grocery shopping economically attractive to residents. According to a study by YouGov, in 2023, more than two-fifths of consumers in Singapore are price-conscious when buying takeout food.

Moreover, the government's support for digitalization initiatives and investments in infrastructure have bolstered the growth of e-commerce, including online grocery platforms, creating an environment conducive to their adoption. Thus, the seamless user experience provided by these platforms through intuitive interfaces and efficient delivery services has helped enhance customer satisfaction. This in turn is driving substantial interest among the populace to opt for online grocery delivery services and platforms, leading to enhanced revenue growth of the industry.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Singapore Online Grocery Market PESTLE Analysis
  5. Singapore Online Grocery Market Trends & Insights
  6. Singapore Online Grocery Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Singapore Online Grocery Market Value Chain and Margin Analysis
  8. Singapore Online Grocery Market Pricing Analysis, 2024 
    1. Comparative Price Points, By Company
    2. YoY Product Wise Price Trends
    3. Forecast- Average Price
  9. Singapore Online Grocery Market Hotspots & Opportunities
  10. Singapore Online Grocery Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product Type
        1. Ready-to-Eat (Fresh Foods)- (Market Size & Forecast 2019-2030, (USD Million)
        2. Snacks and Beverages- (Market Size & Forecast 2019-2030, (USD Million)
        3. Bakery and Confectionary- (Market Size & Forecast 2019-2030, (USD Million)
        4. Dairy, Chilled & Eggs-(Market Size & Forecast 2019-2030, (USD Million)
        5. Household Needs- (Market Size & Forecast 2019-2030, (USD Million)
        6. Staples and Cooking Essentials- (Market Size & Forecast 2019-2030, (USD Million)
        7. Others (Meat & Seafood, Baby Food and Care, Health, etc.)- (Market Size & Forecast 2019-2030, (USD Million)
      2. By Delivery Type
        1. Instant Delivery- (Market Size & Forecast 2019-2030, (USD Million)
        2. Schedule Delivery- (Market Size & Forecast 2019-2030, (USD Million)
      3. By Platform
        1. Web-based- (Market Size & Forecast 2019-2030, (USD Million)
        2. App-based- (Market Size & Forecast 2019-2030, (USD Million)
      4. By Mode of Delivery
        1. Online Payment- (Market Size & Forecast 2019-2030, (USD Million)
        2. Cash on Delivery- (Market Size & Forecast 2019-2030, (USD Million)
      5. By Business Model
        1. Pure Marketplace- (Market Size & Forecast 2019-2030, (USD Million)
        2. Hybrid Marketplace- (Market Size & Forecast 2019-2030, (USD Million)
      6. By Region
        1. Central Region
        2. East Region
        3. North Region
        4. North-East Region
        5. West Region         
      7. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  11. Singapore Online Grocery Market Key Strategic Imperatives for Growth & Success
  12. Competition Outlook
    1. Company Profiles
      1. Lazada Group
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Fair Price Online
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Shopee
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Cold Storage Online
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Amazon.com, Inc.
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Komalas Vegemart Pte Ltd.
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Sheng Siong
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Grocer
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9.  Food Panda
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Waangoo
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Ryan’s Grocery (S) Pte Ltd.
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Others (Nature’s Glory, Sasha’s Fine Foods, etc.)
        1. Business Description
        2. Product Segments
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  13. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

FILL THE FORM TO INQUIRE BEFORE BUYING THIS REPORT

Your data is 100% confidential & secure

By submitting, you agree to our Terms and Privacy Policy .

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now
Related Reports
Talk to our Consultant Talk to our Consultant
Customization Offered
  • Cross-segment Market Size & Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics & Share
  • Import Export & Production Analysis
Request Customization Request Customization