The dark store market is anticipated to cross a market share of US$ 414.31 Billion by 2033, thriving at a robust CAGR of 38% from 2023 to 2033. In 2023, it holds a value of US$ 16.54 Billion.
The higher online ordering trend among the geriatric population, coupled with their more sedentary lifestyle, has resulted in increased adoption of the dark store concept over traditional store visits. While the concept isn’t novel, the pandemic has significantly heightened demand for storage facilities capable of fulfilling the storage, logistics, and management requirements of online grocery stores.
Furthermore, the rising adoption of dark stores is driven by several advantages, including swift and contact-free shopping, improved distribution and faster delivery, broader audience reach, enhanced SKU management, and expanded distribution channels.
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The emerging enterprises are prompted to set up store as an extension of e-retailer partnerships adding to the demand for dark stores. One of the new and developing delivery tracking systems makes the capabilities more reliable, faster and convenient for the end user to receive his package.
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.
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
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Dark store Market by Category
By Age Group
- Children
- Adults
- Elderly
By Category
- Groceries
- Meat
- Dairy
By Delivery Options
- Curbside Pickup
- In-Store Pickup
- Home Delivery
By Non-Food Products
- Cleaning
- Essentials
- Bath & Body
By Region
- 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.
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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