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Spain Online Grocery Market Report by Product Type (Vegetables and Fruits, Dairy Products, Staples and Cooking Essentials, Snacks, Meat and Seafood, and Others), Business Model (Pure Marketplace, Hybrid Marketplace, and Others), Platform (Web-Based, App-Based), Purchase Type (One-Time, Subscription), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A23693
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Spain Online Grocery Market Overview:
The Spain online grocery market is projected to exhibit a growth rate (CAGR) of 24.30% during 2024-2032. The market is driven by high reliance on internet through which people can easily access online grocery services from their homes or on the go, along with the competitive pricing provided by key players to tap into new consumer base.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023 |
|
Forecast Years
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2024-2032
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|
Historical Years
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2018-2023
|
| Market Growth Rate (2024-2032) | 24.30% |
Spain Online Grocery Market Trends:
Growing internet penetration
According to the report of the Spanish Presidency Council of the European Union 2023, 94.5% of the population is internet user in Spain. Higher internet penetration means that a higher proportion of the population has access to online grocery platforms. This enhanced accessibility enables more consumers to purchase for groceries online, hence increasing the consumer base for online businesses. As more individuals are acquiring access to the internet, they realize how convenient online grocery shopping is. People can place orders from the comfort of their own homes or on the go, saving time and eliminating the inconvenience of visiting physical stores. This convenience appeals to busy professionals, parents, and the elderly people in Spain.
Improved internet availability in rural and isolated places creates new opportunities for online grocers. Residents in remote places, who may have limited access to large supermarkets, may now acquire a wide selection of products online, providing the same variety and convenience as those in cities. As internet usage is growing, people feel increasingly comfortable with online transactions. Increased familiarity with e-commerce platforms, secure payment methods, and dependable delivery services enhances user’s confidence, encouraging more people to test and stick with online grocery services.
Competitive pricing by key players
When it comes to food shopping, many people are quite price conscious. Online food stores attract these budget-conscious consumers by offering cheap prices. Discounts, promotions, and special deals make internet purchasing more tempting than traditional brick-and-mortar retail. Competitive pricing may persuade people to try online food shopping for the first time. Special introductory deals, first-order discounts, and free delivery promotions lower perceived risk and encourage buyers to try online grocery services. It is seen that people are more inclined to return once they have experienced the ease.
Online grocery companies can increase consumer loyalty by continually offering competitive rates. Loyalty programs, bulk-buy discounts, and bespoke deals encourage repeat purchases, creating long-term connections and assuring consistent market share development. Lower prices can result in higher volume sales. When pricing is competitive, people tend to buy more items, improving overall sales volume for online grocery stores. This volume-based approach helps businesses attain economies of scale, allowing them to retain competitive pricing. For instance, in 2024, Carrefour Spain reduced the price of a wide range of products in Spain to attract consumers. It offered discount on its 500 best rated private label brand products.
Spain Online Grocery Market News:
- April 2023: Mercadona announced its expansion and opening of 10 new stores in Portugal by investing 280 million euros.
- September 2023: Carrefour announced that it has signed an agreement with El Corte Inglés to acquire 47 supermarkets and convenience stores under the banner of SuperCor in Spain, which included the transaction of 60 million euros.
Spain Online Grocery Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, business model, platform, and purchase type.
Product Type Insights:
- Vegetables and Fruits
- Dairy Products
- Staples and Cooking Essentials
- Snacks
- Meat and Seafood
- Others
The report has provided a detailed breakup and analysis of the market based on the product type. This includes vegetables and fruits, dairy products, staples and cooking essentials, snacks, meat and seafood, and others.
Business Model Insights:
- Pure Marketplace
- Hybrid Marketplace
- Others
A detailed breakup and analysis of the market based on the business model have also been provided in the report. This includes pure marketplace, hybrid marketplace, and others.
Platform Insights:
- Web-Based
- App-Based
The report has provided a detailed breakup and analysis of the market based on the platform. This includes web-based and app-based.
Purchase Type Insights:
- One-Time
- Subscription
A detailed breakup and analysis of the market based on the purchase type have also been provided in the report. This includes one-time and subscription.
Regional Insights:
- Northern Spain
- Eastern Spain
- Southern Spain
- Central Spain
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, Central Spain, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Spain Online Grocery Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Million US$ |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Product Types Covered | Vegetables and Fruits, Dairy Products, Staples and Cooking Essentials, Snacks, Meat and Seafood, Others |
| Business Models Covered | Pure Marketplace, Hybrid Marketplace, Others |
| Platforms Covered | Web-Based, App-Based |
| Purchase Types Covered | One-Time, Subscription |
| Regions Covered | Northern Spain, Eastern Spain, Southern Spain, Central Spain |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Spain online grocery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Spain online grocery market?
- What is the breakup of the Spain online grocery market on the basis of product type?
- What is the breakup of the Spain online grocery market on the basis of business model?
- What is the breakup of the Spain online grocery market on the basis of platform?
- What is the breakup of the Spain online grocery market on the basis of purchase type?
- What are the various stages in the value chain of the Spain online grocery market?
- What are the key driving factors and challenges in the Spain online grocery?
- What is the structure of the Spain online grocery market and who are the key players?
- What is the degree of competition in the Spain online grocery market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Spain online grocery market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Spain online grocery market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Spain online grocery industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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