Hyperlocal Food Delivery Market 2022 Industry Analysis by Type, Application, End-User and Region

 The global hyperlocal food delivery market is predicted to witness a moderate growth rate of 8.3% during the forecast years of 2022 to 2032. The net worth of the hyperlocal food delivery market share is expected to reach US$ 493.9 Billion by the year 2032 while increasing from US$ 222.5 Billion in the year 2021.

Online meal ordering has been getting increasingly popular in recent years. One of the primary factors driving the hyperlocal food delivery market growth is the increasing proliferation of technology and online connections, which allow meals to be delivered swiftly and easily. As a result, the demand for hyperlocal food delivery market services is being fuelled by a growing number of mobile users and internet penetration.

Consumers have the facility to access a broad variety of food goods via their cell phones, with the added convenience of having them delivered to their doorsteps. Furthermore, hyperlocal food delivery services assist food service businesses in a variety of ways, for example, labour savings, since employees are not required to spend hours on the phone or at the counter.

Pursuant to government-imposed lockdowns during the Covid-19 pandemic, consumers had been confined to their homes, prohibiting them from engaging in normal purchasing activities. To keep viable, several eateries have shuttered or consequently turned to a takeaway model that has swelled the hyperlocal food delivery market statistics for the present years.

Other important advantages of hyperlocal food delivery for service companies include greater consistency of online orders, higher guest convenience, simplified order processing, and so on.

Furthermore, online meal ordering may give food service operators valuable client information that can be used to develop promotional tactics such as targeted promotions to generate off-peak demand, specially tailored to certain customer categories, and couponing techniques that have boosted hyperlocal food delivery market adoption trends.

The U.S. citizens’ excellent living standards continue to drive the demand for online food delivery services in the region. Doordash, Uber Eats, Postmates, GrubHub -Seamless, and Caviar, among the leading companies in North America, are pursuing methods such as new product development, worldwide growth, acquisitions, and financing in order to grow the hyperlocal food delivery business.

Key Takeaways

  • On the basis of broad geographical regions, North America is the highest contributor of the hyperlocal food delivery market which stands at almost 36.8% of the total revenue generated globally.
  • Top three performing economies for the global hyperlocal food delivery market, namely United States, China and Germany together account for almost 38.5% of the total shares.
  • Home delivery segment, consisting of retailers and third party delivery service providers is the dominant segment, accounting for almost 89.5% of hyperlocal food delivery market size.

Competitive Landscape for Hyperlocal Food Delivery Market Key Players

Name of some of the hyperlocal food delivery market key players includes Uber Eats, Just Eat, Grubhub, Takeaway.com, DoorDash, Postmates, Deliveroo, Delivery Hero, Ele.Me, Meituan Dianping, Rappi, Jumia Food, Damae-can, iFood, Zomato, and Yandex.Eda among others.

Recent Developments in Hyperlocal Food Delivery Market

  • In the year 2021, Delivery Hero Company purchased Hugo’s food and meal ordering verticals, extending the company’s reach throughout Central America and the Caribbean islands.
  • Grab Holdings, which is hailed to be one of the largest ride-hailing and food-delivery start-ups in Southeast Asia, announced a US$ 40 Billion merger with Altimeter Growth Corp. in 2021 following the pandemic lockdown.
  • Last year, Uber Technologies Inc. achieved its plan of acquiring Drizly, and the two companies are likely to merge their complementary delivery software and processes in the following years. According to hyperlocal food delivery market report, the purchase price was roughly figured out to be around US$ 1.1 billion, including the US$ 18.7 Million payment in freshly issued Uber common shares.

Key Segments

By Food Type:

  • Salads
  • Sandwiches and Burgers
  • Soups
  • Appetizers & Snacks
  • Pizza
  • Prepared Entrees
    • Breakfast
    • Lunch & Dinner
  • Desserts
  • Beverages
    • Tea & Coffee
    • Smoothies & Shakes
    • Juices
  • Other Types

By Business Model:

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

By Delivery Type:

  • Restaurant to Consumer
  • Platform to Consumer

By Payment Method:

  • Cash on Delivery
  • Online Payment

Frequently Asked Questions

  • What is the Growth Outlook of the Hyperlocal Food Delivery Market?
  • What is the projected Value of Hyperlocal Food Delivery Market By 2032?
  • What was the Present Size of the Hyperlocal Food Delivery Market?
  • Which Country Accounts for the largest Revenue Share in the Hyperlocal Food Delivery Market?
  • Which Region has the Highest Growth Potential in the Hyperlocal Food Delivery Market?

More Information@ https://www.futuremarketinsights.com/reports/hyperlocal-food-delivery

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Ava...
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sa...
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarket...
Read more