Grocery Delivery - Malaysia

  • Malaysia
  • The projected revenue in the Grocery Delivery market in Malaysia is expected to reach US$2,150.00m in 2024.
  • This indicates a promising growth potential for the market in the country.
  • The revenue is also projected to show an annual growth rate (CAGR 2024-2029) of 11.50%, resulting in a projected market volume of US$3,706.00m by 2029, further highlighting the positive trajectory of the market.
  • In comparison to other countries, China is expected to generate the highest revenue in the Grocery Delivery market, with an estimated value of US$266,000.00m in 2024.
  • This showcases the dominance of the Chinese market in this industry.
  • The average revenue per user (ARPU) in the Grocery Delivery market in Malaysia is projected to be US$297.10 in 2024.
  • This metric provides an insight into the average amount of revenue generated per user in the market.
  • Furthermore, the number of users in the Grocery Delivery market in Malaysia is expected to reach 10.0m users by 2029.
  • This indicates a substantial user base, highlighting the popularity and demand for grocery delivery services in the country.
  • Lastly, the user penetration rate in the Grocery Delivery market is projected to be at 20.9% in 2024.
  • This metric represents the proportion of the population that actively uses grocery delivery services, indicating the level of adoption and market saturation.
  • Overall, the projected revenue, market volume, average revenue per user, number of users, and user penetration rate in the Grocery Delivery market in Malaysia demonstrate a positive outlook for the industry in the country.
  • "Malaysia's grocery delivery market is experiencing rapid growth, fueled by increasing demand for convenience and online shopping."
 
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Analyst Opinion

The grocery delivery market in Malaysia has been growing steadily in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences:
Malaysian customers are increasingly turning to online grocery shopping due to its convenience and time-saving benefits. The rise of e-commerce platforms and mobile apps has made it easier for consumers to order groceries online and have them delivered straight to their doorstep. Additionally, the COVID-19 pandemic has accelerated this trend as consumers prioritize safety and social distancing measures.

Trends in the market:
One of the key trends in the grocery delivery market in Malaysia is the increasing popularity of on-demand delivery services. Customers are looking for faster and more flexible delivery options, and on-demand services are able to meet this demand. Another trend is the rise of hyperlocal delivery services, which cater to specific neighborhoods and offer faster delivery times. Finally, there has been a shift towards more sustainable and eco-friendly delivery options, with some companies offering reusable packaging and electric vehicles for delivery.

Local special circumstances:
Malaysia has a unique grocery delivery market due to its diverse population and geography. The country has a mix of urban and rural areas, with varying levels of internet connectivity and infrastructure. This has led to the development of different delivery models, with some companies focusing on urban areas and others on rural areas. Additionally, Malaysia has a large Muslim population, which has specific dietary requirements and preferences. Some grocery delivery companies have tailored their offerings to cater to these specific needs.

Underlying macroeconomic factors:
The grocery delivery market in Malaysia is also influenced by underlying macroeconomic factors. The country has a growing middle class with increasing disposable income, which has led to higher demand for convenience and premium products. Additionally, the government has been promoting the adoption of e-commerce and digital technologies, which has helped to drive growth in the industry. Finally, the COVID-19 pandemic has had a significant impact on the grocery delivery market, with more consumers turning to online shopping due to movement restrictions and safety concerns.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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