Market Insights Digital Online Food Delivery Grocery Delivery

Retail Delivery - Belgium

Belgium

The Reail Delivery market in Belgium is expected to witness significant growth in the coming years.
According to projections, the market's revenue is set to reach US$250.80m by the year 2024.
Furthermore, the market is expected to display a compound annual growth rate (CAGR) of 7.55% between 2024 and 2028, leading to a projected market volume of US$335.50m by the end of 2028.
In terms of user base, the Reail Delivery market in Belgium is anticipated to see a substantial increase.
By 2028, the number of users is estimated to reach 3.7m users.
This signifies a considerable growth potential for businesses operating in this sector.
As for user penetration, it is predicted to be 25.4% in 2024 and is projected to rise to 31.4% by 2028.
This indicates that a larger proportion of the population in Belgium will be utilizing Reail Delivery market services in the coming years.
The average revenue per user (ARPU) is expected to be US$84.28, reflecting the potential for generating substantial revenue from each user.
When comparing in Belgium to other countries in terms of revenue generation, in the United States is expected to lead the pack with a projected revenue of US$195,400.00m in 2024.
This highlights the immense market size and opportunities available in in the United States's Reail Delivery market sector.
In contrast, in the United States is anticipated to have the highest user penetration rate in the Reail Delivery market, reaching 30.7% by the end of the forecast period.
This showcases the strong adoption and popularity of Reail Delivery market services among consumers in the United States.
Belgium's retail delivery market is experiencing a surge in demand for online grocery shopping, driven by convenience and the need for contactless shopping during the COVID-19 pandemic.

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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.