As per the market analysis at FMI, the hyperlocal
grocery Delivery market is valued at US$ 38.5 Billion in
2022 and is likely to reach US$ 81.5 billion by 2032,
flourishing at a promising CAGR of 7.8%.
Being prevalent in consumer and local retail stores,
hyperlocal grocery delivery platforms have gained popularity within the
millennial generation while wooing the elder people by delivering groceries at
their doorsteps.
Hyperlocal markets cover a certain distance, providing goods
and services while hyperlocal grocery delivery platforms deliver groceries in
nearby localities. The great speed, online payment integration, discounts and
availability of major products are attributed to the adoption of hyperlocal
grocery delivery platforms.
The popularity of hyperlocal grocery delivery platforms
amongst the elderly class is prevalent as it’s hard for them to go out and buy
groceries and transport it all to their residence. Hyperlocal grocery delivery
platforms help in delivering the market growth, especially after the advent of
covid-19
The growing delivery services along with discounts and free
home delivery services are pushing the end users to adopt or switch to
hyperlocal grocery delivery platforms, rapidly digitizing the goods and services
space.
The hyperlocal grocery delivery platforms have also given a
second life to the local vendors and supermarkets, especially during the peak
of the pandemic.
Key Takeaways:
- The
hyperlocal grocery delivery market is divided into Food Type, Business
Model, Delivery Type, Payment Method, Preferred Location, Order type and
Purchaser type.
- The
hyperlocal grocery delivery market outlook defines its delivery type
categories into Click-and-collect and Home Delivery. The leading segment
in the delivery type category is home delivery segment.
- Global
trends in the hyperlocal grocery delivery market are the faster in-time
delivery, navigation systems and online payment options set up the latest
trends for the hyperlocal grocery delivery market.
- The
key behind the good strategy of vendors is to provide the user with better
use experience. This pushes the sales of hyperlocal grocery delivery
system. New advanced smartphone apps are also helping the hyperlocal
grocery delivery market gain traction.
Competitive Landscape:
Some of the hyperlocal grocery delivery market key players
listed in the study are Gofers India Private Limited, Asfortask Inc, Just Eat
Takeaway, Uber Technologies and Instacart.
Recent Developments
- Gofers
India Private Limited has improved its payment options along with utmost
trust prospects and safety options. These fuels the sales of other grocery
delivery platforms.
- Asfortask
Inc has introduced the use of trust and safety and an option of flexible
rescheduling that allows the end user to cancel their order 24 hours
before the task due date, pushing the sales of hyperlocal grocery delivery
platforms.
Read More: https://www.futuremarketinsights.com/reports/hyperlocal-grocery-delivery-market