Israel, a country in the Middle East, is known for its rich history and culture, but it is also a country that has been experiencing growth in its grocery delivery market.
Customer preferences: Israelis have been increasingly turning to online grocery shopping and delivery services due to their busy lifestyles. Many consumers prefer the convenience of having groceries delivered to their doorstep rather than going to the store themselves. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping, as more people are opting for contactless delivery to reduce the risk of infection.
Trends in the market: One trend in the Israeli grocery delivery market is the rise of meal kit delivery services. These services provide customers with pre-portioned ingredients and recipes to cook at home. This trend is likely due to the growing interest in home cooking and healthy eating. Another trend is the use of artificial intelligence and machine learning to optimize delivery routes and improve efficiency. This technology helps companies reduce delivery times and costs, which can be a competitive advantage in the market.
Local special circumstances: Israel is a small country with a dense population, which can make it challenging for delivery companies to navigate the streets and deliver packages efficiently. Additionally, the country has a diverse population with varying dietary restrictions, which can make it difficult for companies to provide a wide range of products that meet everyone's needs.
Underlying macroeconomic factors: Israel has a thriving tech industry, which has led to the development of innovative delivery technologies and platforms. The country also has a high GDP per capita, which means that consumers have more disposable income to spend on convenience services like grocery delivery. Additionally, Israel has a strong startup culture, which has led to the emergence of several successful grocery delivery startups.
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.
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