Singapore online delivery demand surged by 47.1% CAGR over 4 years: report
The average order spend of most Singaporeans almost reached SG$30 by Q4 2022.
Singapore’s online delivery for food and groceries grew at a 47.1% CAGR based on order volume from 2019 to 2022, according to a report by Measurable AI.
The report identified that food deliveries surged around the beginning of the pandemic, and increased again around May 2021.
The average spending per order on online deliveries also increased from SG$20 in 2019 to almost SG$30 by Q4 2022
“The pandemic has brought about rapid changes in the online delivery (food and grocery) industry, both in terms of merger and acquisition activities, as well as noticeable shifts in consumer spending habits. Looking into Asia alone, Measurable AI’s dataset reveals that consumers’ demand for online delivery has consistently increased throughout the pandemic and the average order value spent on each delivery has stabilized as well amongst the online delivery aggregators,” the report said.
Measurable AI’s measured online deliveries of food and groceries. The data ranges from January 2019 to December 2022. Food delivery companies included were Grab, Foodpanda, and Deliveroo.