The demand for online grocery delivery services in Sri Lanka has been on the rise in recent years.
Customer preferences: This trend can be attributed to the changing lifestyles and busy schedules of Sri Lankan consumers, who are increasingly looking for convenient and time-saving ways to shop for groceries. Additionally, the COVID-19 pandemic has further accelerated the shift towards online shopping as consumers are avoiding crowded places.
Trends in the market: One of the key trends in the Sri Lankan grocery delivery market is the emergence of new players offering online grocery delivery services. These companies are leveraging technology to offer a wide range of products at competitive prices. Another trend is the adoption of mobile apps and online platforms by traditional brick-and-mortar retailers to expand their reach and cater to the growing demand for online grocery delivery.
Local special circumstances: Sri Lanka has a relatively small grocery retail market, which is dominated by traditional mom-and-pop stores. However, the market is rapidly evolving, with the entry of modern retail chains and the growth of e-commerce. The country has a young and tech-savvy population, which is driving the adoption of online grocery delivery services. Additionally, the high population density in urban areas and the lack of parking facilities make it difficult for consumers to visit physical stores, further fueling the demand for online grocery delivery.
Underlying macroeconomic factors: Sri Lanka has a rapidly growing economy, with a rising middle class and increasing disposable incomes. This has led to a shift in consumer preferences towards premium and high-quality products, which are often not available at traditional mom-and-pop stores. Additionally, the government's initiatives to promote e-commerce and digital payments are further boosting the growth of the online grocery delivery market in Sri Lanka.
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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