Retail Delivery - Philippines

Philippines

Highlights

The Reail Delivery market in the Philippines is anticipated to achieve a revenue of US$2.09bn by the year 2024.
This projection indicates an estimated annual growth rate of 14.80% (CAGR 2024-2029), leading to a market volume projection of US$4.18bn by 2029.
Furthermore, the number of users in the Reail Delivery market sector is expected to reach 19.2m users by 2029.
In terms of user penetration, it is predicted to be 11.5% in 2024 and is projected to increase to 15.0% by 2029.
The Average Revenue Per User (ARPU) is estimated to be US$152.70.
When compared globally, United States is expected to generate the highest revenue in the Reail Delivery market with US$195.40bn in 2024.
Additionally, United States holds the highest projected user penetration rate of 30.4%.
The Philippines is experiencing a surge in online grocery shopping due to the convenience and safety it offers during the pandemic.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The retail delivery market in the Philippines has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing popularity of online shopping among Filipino consumers. With the rise of e-commerce platforms and the convenience of online shopping, more Filipinos are opting for home delivery of their purchases.

Trends in the market: As a result, there has been a surge in demand for retail delivery services in the Philippines. This trend is expected to continue, with the market projected to grow even further in the coming years.

Local special circumstances: The Philippines is an archipelago of over 7,000 islands, which presents unique challenges for retail delivery companies. However, many companies have adapted to these challenges by partnering with local logistics providers and utilizing innovative technologies to streamline their operations.

Underlying macroeconomic factors: Furthermore, the country's rapidly growing economy and increasing middle class have also contributed to the growth of the retail delivery market. With more disposable income, Filipinos are able to spend more on online shopping and delivery services.Overall, the retail delivery market in the Philippines is poised for continued growth in the coming years, driven by the increasing popularity of online shopping, unique logistical challenges, and a growing economy.

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.