The global dark store market size is likely to thrive at a robust CAGR of 38% during the forecast period. The market is anticipated to cross a market share of US$ 414.31 Billion by 2033, while it holds a value of US$ 16.54 Billion in 2023.
The demand for dark stores is being powered by the new companies taking their position as subsidiary arms of larger online shopping brands. New as well as sophisticated delivery tracking systems have simplified the process, made it quicker and reliable for an end user to receive his package.
The aging population and an idle lifestyle have resulted in higher online orders than visiting the store. Ultimately then, fueling the introduction of dark store. Especially, the concept is not a novel one; however, ironically enough this pandemic boosts up operation of such storage space that can meet these needs regarding to be overcrowded with goods and packages in chain store of online grocery.
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In addition to this, the increased popularity of dark store adoption is mostly attributed to such benefits as fast and non-contact shopping; better distribution speed ups and faster delivery services, wider audience coverage , improved channel management for SKUs It helped provide longer supply channels.
Key Points
- The US holds the biggest share of 35.8% market share in the global market, owing to the higher number of outlet stores and preference for online shopping options.
- Europe holds a significant market share in the global dark store market attributed to its easy availability of the product coupled with the cost-friendly setup.
- The rising urbanization and per capita income in Asia Pacific nations such as China and India have led to the higher adoption. Thus, the high demand for the Dark store is anticipated from the region during the forecast period.
- By delivery category, the online delivery segment holds the biggest share due to ease and faster delivery.
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Competitive Landscape
The competitors focus on making stores with better accessibility and availability. The brands proving n number of payment options, and delivery options while also providing the same day delivery options fuels the market competition.
Furthermore, the key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.
Key Players
- Amazon.com, Inc.
- Swiggy
- Uber
- Ola Foods
- Supermarket Grocery Supplies Pvt Ltd.
- Walmart, Inc.
- Target Brands, Inc
- Dunzo Daily
- Instacart
- Auchan
- Wolt
- Flipkart
- Grab
Dark store Market by Category
By Age Group, Dark Store Market is Segmented as:
- Children
- Adults
- Elderly
By Category, Dark Store Market is Segmented as:
- Groceries
- Meat
- Dairy
By Delivery Options, Dark Store Market is Segmented as:
- Curbside Pickup
- In-Store Pickup
- Home Delivery
By Non-Food Products, Dark Store Market is Segmented as:
- Cleaning
- Essentials
- Bath & Body
By Region, Dark store Market is Segmented as:
- North America
- Europe
- East Asia
- South Asia & Pacific
- MEA
Recent Market Developments
- June 2022: Naturepro has introduced same-day delivery across India along with the opening of ZFW dark stores. Both brands have partnered to promote sustainable and affordable products.
- September 2022: Intacart has acquired Rosie to implement and use its technology in locally operated grocery spaces, expanding the customer base and distribution channels.
- Amazon India has signed MOUs with the Council of Handicraft Development Corporation (COHANDS) to promote the products under the Karigar program, which is an initiative that supports the local craftsmen.
About Future Market Insights (FMI)
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