Hyperlocal Grocery Delivery Market Outlook: Regional Trends and Competitive Tactics Through 2032

Hyperlocal Grocery Delivery Market

As per the market analysis at FMI, the hyperlocal grocery Delivery market (Hyperlokaler Markt für Lebensmittellieferungen) is valued at USD 38.5 Billion in 2022 and is likely to reach USD 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.

Buy now

Key Segments:  

By Food Type:

    • Butchery & Poultry
    • Bakery & Pastry, Fruits & Vegetable,
    • Fishery, Dairy & Eggs
  • Groceries
    • Organic & Free-From
    • Beverages, Food Cupboard

By Business Model:

  • Single Store Model,
  • Store Pick Model,
  • Hybrid Model,
  • Aggregator Model

By Purchaser Type:

  • One Time Purchase
  • Subscription

By Delivery Type:

  • Click-to-click Collect
  • Home Delivery

By End User:

  • Individual
  • Distributor – Large Enterprises and SME

By Region:

  • United States
  • United Kingdom
  • China
  • Japan
  • South Korea

Frequently Asked Questions

  • What is the CAGR of the Hyperlocal grocery delivery Market?
  • Which Segment leads in the Hyperlocal grocery delivery Market by Product Type?
  • Which Region has the Highest Growth Potential in Hyperlocal grocery delivery Market?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these