Grocery Delivery - Puerto Rico | Statista Market Forecast

In 2024, the projected revenue in the Grocery Delivery market in Puerto Rico is set to reach US$132.90m.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 6.61%, resulting in a projected market volume of US$183.00m by 2029.
Comparatively, the Retail Delivery market in Puerto Rico is projected to have a market volume of US$132.90m in 2024.
It is worth noting that globally, China is expected to generate the highest revenue with US$266.00bn in 2024.
Furthermore, the average revenue per user (ARPU) in the Grocery Delivery market in Puerto Rico is projected to be US$147.40 in 2024.
Additionally, the number of users in the Grocery Delivery market is expected to reach 1.2m users by 2029.
Moreover, the user penetration in the Grocery Delivery market in Puerto Rico is estimated to be 27.6% in 2024.
Puerto Rico's grocery delivery market has experienced a surge in demand due to the convenience and safety it offers amidst the island's challenging infrastructure and frequent natural disasters.

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)

Puerto Rico, an unincorporated territory of the United States, is an archipelago located in the Caribbean Sea. The Grocery Delivery market in Puerto Rico has witnessed remarkable growth in recent years.

Customer preferences: The Grocery Delivery market in Puerto Rico has experienced a surge in demand due to the busy lifestyle of the people. The customers prefer online grocery shopping over traditional shopping methods due to convenience and time-saving. Moreover, the COVID-19 pandemic has further accelerated the adoption of online grocery shopping as people prefer to stay at home and avoid crowded places.

Trends in the market: The Grocery Delivery market in Puerto Rico has witnessed an increase in the number of players offering online grocery delivery services. The market is highly competitive with both local and international players vying for market share. The players in the market are leveraging technology to offer a seamless shopping experience to customers. They are also offering a wide range of products to cater to the diverse needs of customers.

Local special circumstances: Puerto Rico is an island territory and is prone to natural disasters such as hurricanes and earthquakes. The Grocery Delivery market has emerged as a lifeline for the people during such calamities. The players in the market have been able to deliver essential goods to people during emergencies, thereby earning customer loyalty.

Underlying macroeconomic factors: Puerto Rico is a developing economy and has witnessed economic challenges in recent years. The COVID-19 pandemic has further exacerbated the economic situation. The Grocery Delivery market has emerged as a bright spot in the economy, creating job opportunities and contributing to economic growth. The market has also helped small businesses to reach a wider audience and expand their customer base. In conclusion, the Grocery Delivery market in Puerto Rico has witnessed significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The market is expected to continue its growth trajectory in the coming years, driven by technological advancements and an increase in demand for 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.

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