Hyperlocal Grocery Delivery Market Grow with a CAGR of 10.34% through 2030F
The global Hyperlocal Grocery Delivery market is driven by increasing consumer demand for convenience,
faster delivery times, and the growing adoption of online shopping platforms.
According to
TechSci Research report, “Hyperlocal Grocery Delivery Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the global Hyperlocal Grocery Delivery market stood at USD 23.56 billion in 2024 and is expected to
grow USD 54.67 billion by 2030 with a CAGR of 10.34%
during the forecast period. The global Hyperlocal Grocery Delivery
market is experiencing significant growth owing to the proliferation of
on-demand delivery platforms across the globe. These platforms act as crucial
intermediaries, connecting consumers with local grocery stores and facilitating
seamless order placement and delivery. Their user-friendly mobile applications
and websites offer convenience, enabling customers to browse products, place
orders, and track deliveries in real-time. The rise of these platforms has
expanded the reach of local grocery stores, allowing them to tap into a wider
customer base. Also, the competitive landscape among these platforms has driven
innovation, resulting in faster delivery times, competitive pricing, and
enhanced customer service. This has fostered greater consumer trust and
loyalty, further fueling market growth. The on-demand delivery model has
revolutionized grocery shopping, making it more accessible and efficient for
consumers.
The global Hyperlocal
Grocery Delivery market is driven by the heightened demand for convenience. In
today's fast-paced world, consumers are increasingly seeking time-saving
solutions that simplify their daily routines. Hyperlocal grocery delivery
addresses this need by offering the convenience of having groceries delivered
directly to their doorstep, eliminating the need for time-consuming trips to
physical stores. This convenience is particularly appealing to busy
professionals, working parents, and individuals with limited mobility. The
ability to place orders through mobile apps or websites, at any time and from
any location, provides unparalleled flexibility. Also, the promise of quick
delivery times, often within hours or even minutes, enhances the appeal of
these services. This growing preference for convenience has led to a
significant shift in consumer behavior, driving the adoption of hyperlocal
grocery delivery services and propelling market growth.
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"Global Hyperlocal Grocery Delivery Market”
The global Hyperlocal
Grocery Delivery market is segmented into delivery model, product category, and
region.
Based on the delivery
model, the warehouse-based segment is the fastest growing in the global Hyperlocal
Grocery Delivery market, due to its efficiency and scalability. This model utilizes
strategically located warehouses, often referred to as "dark stores,"
to store and fulfill orders quickly. These warehouses are optimized for rapid
order picking and packing, enabling faster delivery times compared to
traditional store-based models. The ability to control inventory and streamline
operations within these dedicated facilities allows for greater efficiency and
reduced delivery costs.
Based on the
region, Asia-Pacific is the fastest-growing region in the global Hyperlocal
Grocery Delivery market, driven by a confluence of factors. Rapid urbanization,
increasing smartphone penetration, and a burgeoning middle class are fueling
demand for convenient online grocery solutions. Also, the region's diverse and
densely populated urban centers create a fertile ground for hyperlocal delivery
services. The rise of e-commerce giants and local delivery startups has further
accelerated market growth, offering consumers a wide range of grocery options
and competitive delivery times. Also, the region's cultural acceptance of
on-demand services and the increasing adoption of digital payment methods have
facilitated seamless transactions. The sheer size of the population and the
evolving consumer preferences in Asia-Pacific make it a key growth engine for
the hyperlocal grocery delivery market.
Major companies
operating in the global Hyperlocal Grocery Delivery market are:
- Zapp
- Shadowfax
- RoadCast
- Amazon.com, Inc
- Grofers India Private Limited
- Yandex LLC
- Maplebear Inc.
- Walmart Inc.,
- Big Basket
- Delivery Hero SE
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“The global Hyperlocal
Grocery Delivery market is expected to growth in the upcoming years owing to
the advancements in mobile technology and app development across the globe.
Sophisticated mobile applications are now the primary interface for consumers,
offering seamless browsing, ordering, and real-time delivery tracking.
User-friendly interfaces, personalized recommendations, and secure payment
gateways enhance the overall customer experience, fostering greater adoption,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
"Hyperlocal Grocery
Delivery Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Delivery Model (Store-Based,
Warehouse-Based), By Product Category (Dairy & Egg, Meat & Seafood, Beverages,
Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global
Hyperlocal Grocery Delivery market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global Hyperlocal
Grocery Delivery market.
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