Grocery Delivery - Bolivia | Statista Market Forecast

The Grocery Delivery market in Bolivia is projected to generate a revenue of US$159.10m by 2024.
The market is anticipated to witness a compound annual growth rate (CAGR) of 13.26% from 2024 to 2029, resulting in a market volume of US$296.40m by 2029.
In comparison, the Retail Delivery market is expected to have a market volume of US$159.10m by 2024.
When examining the global market, China is forecasted to generate the highest revenue of US$266.00bn in 2024.
The average revenue per user (ARPU) in the Grocery Delivery market is projected to be US$122.00 in 2024.
By 2029, the number of users in the Grocery Delivery market is estimated to reach 1.9m users.
The user penetration in the Grocery Delivery market is expected to be 10.4% in 2024.
Bolivia's Grocery Delivery market demonstrates promising growth potential and opportunities for both businesses and consumers.
In Bolivia, the grocery delivery market is experiencing a surge in demand due to the convenience it offers in the country's diverse geographical landscape.

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)

Bolivia, a country located in South America, is experiencing a surge in the grocery delivery market.

Customer preferences: Bolivians are increasingly turning to online grocery shopping, as it provides a convenient way to shop for groceries without leaving their homes. This trend is particularly popular among urban residents who have busy lifestyles and limited time to go to physical stores. Additionally, the COVID-19 pandemic has accelerated the adoption of online grocery shopping, as more people are avoiding crowded places and minimizing physical contact.

Trends in the market: The grocery delivery market in Bolivia is witnessing a significant increase in competition, with both local and international players entering the market. This has led to a wider range of products and services being offered to consumers, including same-day delivery, subscription-based models, and loyalty programs. Additionally, many grocery delivery companies are partnering with local stores and supermarkets to expand their product offerings and reach a broader customer base.

Local special circumstances: Bolivia has a unique geography and infrastructure, which can pose challenges for grocery delivery companies. The country's mountainous terrain and poor road conditions can make it difficult to deliver goods to certain areas. Additionally, many Bolivians live in remote areas without access to reliable internet, which can limit their ability to shop online. However, some grocery delivery companies are addressing these challenges by partnering with local delivery services and offering alternative payment methods.

Underlying macroeconomic factors: Bolivia's economy has been growing steadily in recent years, with a focus on diversifying its exports and increasing foreign investment. This has led to an increase in disposable income and consumer spending, which has contributed to the growth of the grocery delivery market. Additionally, the government has implemented policies to promote e-commerce and digitalization, which has created a favorable environment for online grocery shopping. However, Bolivia still faces challenges such as political instability and income inequality, which can impact consumer behavior and market growth.

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.