The demand for Grocery Delivery services in Kuwait has been on the rise in recent years.
Customer preferences: This trend can be attributed to the changing customer preferences in Kuwait. With the rise of technology and the internet, customers are increasingly looking for convenience and ease of access to products and services. Grocery Delivery services provide customers with the convenience of shopping for groceries from the comfort of their homes and having them delivered to their doorstep. This is especially appealing to busy individuals and families who may not have the time to go to the grocery store.
Trends in the market: The Grocery Delivery market in Kuwait is becoming increasingly competitive, with several players entering the market in recent years. This has led to improved services and increased options for customers. Many of these players offer same-day or next-day delivery, which has become a key differentiator in the market. Additionally, the market has seen an increase in the number of online grocery stores, which offer customers the ability to shop for groceries online and have them delivered to their homes.
Local special circumstances: Kuwait is a small country with a high population density, which makes it challenging for customers to navigate the crowded streets and find parking at grocery stores. Additionally, the extreme heat during the summer months can make it uncomfortable for customers to go out and shop for groceries. These factors make Grocery Delivery services an attractive option for customers in Kuwait.
Underlying macroeconomic factors: The rise of the Grocery Delivery market in Kuwait can also be attributed to the country's strong economy and high disposable income. Kuwait has one of the highest per capita incomes in the world, which has led to an increase in consumer spending. Additionally, the COVID-19 pandemic has accelerated the adoption of online shopping and home delivery services, including Grocery Delivery. This trend is expected to continue even after the pandemic subsides, as customers have become accustomed to the convenience and ease of online shopping.
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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