Grocery Delivery - Belize | Statista Market Forecast

The projected revenue in the Grocery Delivery market in Belize is expected to reach US$18.26m in 2024.
It is anticipated to experience an annual growth rate of 0.27% (CAGR 2024-2029), resulting in a projected market volume of US$18.51m by 2029.
In comparison, the Retail Delivery market is projected to have a market volume of US$18.26m in 2024.
Among countries worldwide, China is expected to generate the highest revenue, reaching US$266.00bn in 2024.
The average revenue per user (ARPU) in the Grocery Delivery market in Belize is projected to amount to US$393.90 in 2024.
By 2029, the number of users in the Grocery Delivery market is expected to reach 61.4k users.
The user penetration in the Grocery Delivery market is estimated to be 11.1% in 2024.
In Belize, the trend of grocery delivery services is gaining popularity, providing convenience and accessibility to customers in remote areas.

Definition:

The Grocery Delivery market consists of food and non-food products that people regularly buy from a grocery store, including food and beverages, pet food, household cleaning products, personal care products, and other household consumables. Grocery delivery can be purchased through several different sales channels such as Omnichannel, Quick Commerce, or directly from the store.

Structure:

Grocery Delivery contains three markets: Retail Delivery, Quick Commerce, and Meal Kit Delivery. Retail Delivery includes delivery of these products directly by supermarkets, brick-and-mortar shops, or grocery stores. The order is placed through an online shop run by the retailer (e.g. Walmart+, Amazon Fresh). Quick Commerce focuses on online delivery services that provide customers with last-mile delivery (Instacart), or operate ghost stores where product selection is limited but delivery time is faster (e.g. Gorillas, Getir, and Glovo). In this case, the platform (e.g. Gorillas) handles the delivery process. This also includes grocery delivery platforms where delivery is advertised under 3 hours, although, most players aim to deliver in minutes. Finally, Meal Kit Delivery encompasses the delivery of a recipe box where fresh ingredients are delivered to be prepared. This service is usually offered as a subscription plan (e.g. HelloFresh).

Additional Information:

Revenue figures refer to Gross Merchandise Value (GMV). User and revenue figures represent B2C services.

Fresh food & Beverages, personal care, or household items ordered online are directly delivered to the consumer, no matter if ordered via a platform (e.g., Instacart) or a retailer website (e.g., Walmart)
Online Grocery orders and delivery are both carried out by a retailer (e.g., Walmart)
Online orders that are picked up in the supermarket (e.g., Instacart) or operating ghost warehouses and delivery logistics (e.g., Flink)
Online orders of recipe boxes where the ingredients are already preportioned (e.g., HelloFresh)

Phone orders
Deliveries of prepared meals for direct consumption (e.g. Meal Delivery)

Belize, a small country located in Central America, has seen a gradual growth in the Grocery Delivery market in recent years.

Customer preferences: Belizeans are increasingly turning towards online shopping for their grocery needs due to the convenience it offers. With the rise of e-commerce platforms, customers can now order groceries from the comfort of their homes and have them delivered to their doorstep. This trend is particularly popular among the younger generation who prefer to shop online rather than visit physical stores.

Trends in the market: The Grocery Delivery market in Belize has seen a surge in demand due to the COVID-19 pandemic. With the government imposing strict lockdown measures, many customers turned to online grocery shopping to avoid exposure to the virus. As a result, many traditional grocery stores in Belize have started offering online delivery services to cater to the growing demand.

Local special circumstances: Belize is a small country with a population of just over 400,000 people. The country has a limited number of supermarkets and grocery stores, particularly in rural areas. This has led to a rise in demand for online grocery delivery services, as customers in these areas find it difficult to access physical stores. Additionally, the country's poor road infrastructure and limited public transportation system make it challenging for customers to travel to grocery stores.

Underlying macroeconomic factors: Belize has a relatively low internet penetration rate compared to other countries in the region. However, the government has taken steps to improve internet connectivity across the country, which has led to an increase in online shopping. Furthermore, the country's economy heavily relies on tourism, which has been severely impacted by the pandemic. The rise of the Grocery Delivery market in Belize has provided an alternative source of income for many traditional grocery stores and supermarkets.

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.

This report presents a comprehensive analysis and additional information on the Ecommerce market, in a PDF format.