Market Insights Digital Online Food Delivery Grocery Delivery

Retail Delivery - Denmark

Denmark

The Reail Delivery market in Denmark is anticipated to witness significant growth in the coming years.
According to projections, the market's revenue is expected to reach US$1.60bn by 2024.
Furthermore, the market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8.78% between 2024 and 2028, resulting in a market volume of US$2.24bn by the end of the forecast period.
In terms of user base, the Reail Delivery market in Denmark is expected to experience substantial growth.
By 2028, the number of users is estimated to reach 1.7m users.
This growth can be attributed to various factors such as increasing consumer demand and advancements in technology.
User penetration, which refers to the percentage of the population using Reail Delivery market services, is expected to rise from 23.5% in 2024 to 28.8% by 2028.
This indicates a growing acceptance and adoption of Reail Delivery market services among the Danish population.
The average revenue per user (ARPU) in the Reail Delivery market in Denmark is projected to amount to US$1.16k.
This metric provides insights into the average amount of revenue generated by each user in the market.
When comparing the global Reail Delivery market, it is noteworthy that in the United States is expected to generate the highest revenue, with an estimated value of US$195,400.00m in 2024.
This highlights the significant market potential and economic importance of the Reail Delivery market sector in the United States.
In terms of user penetration, in the United States is projected to have the highest rate at 30.7% in the Reail Delivery market.
This indicates a relatively higher adoption and usage of Reail Delivery market services among the population in the United States compared to other countries.
Overall, the Reail Delivery market in Denmark is poised for substantial growth in the coming years, driven by factors such as increasing revenue, expanding user base, and growing user penetration.
Denmark's retail delivery market is witnessing a surge in demand for sustainable and eco-friendly delivery options.

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Analyst Opinion

The Retail Delivery market of Online Grocery Delivery dominates the market. Retailers were able to scale their online channels rapidly during the COVID-19 lockdowns to meet the exponential rise in customer demand. Retailers still need to look for ways to attract more customers to keep up with the competition. Walmart for example introduced a service where the delivery driver would deliver groceries to the customer’s fridge.

The growth rates of 2022 will see a slight decline in comparison to 2020 and 2021 due to the uncertainty of macroeconomic factors. Although China has a steady lead over the rest of the regions, the U.S. market shows strong growth signals in our forecast. This is due to the high demand and rapid rise of grocery spending per capita.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.