The Asia Pacific Instant Grocery Market would witness market growth of 20.2% CAGR during the forecast period (2022-2028).
The dark store model is being adopted more frequently for quick transactions and instant gratification, which should open up new business options. Many of the well-known and prominent players in the market are adopting or have opted to adopt the dark store model in order to retain supply chain techniques and to adhere to their 10–20-minute delivery model. Dark stores are deliberately constructed in these areas to serve the demands of the local population as a whole.
These shops are made to speed up transactions, which should result in a favorable prognosis for growth. The majority of hyperlocal deliveries use already-established retail outlets. E-commerce players still have to overcome a lot of challenges, such as building technology that can reliably deliver goods in ten minutes and maintaining a supply chain that can accommodate such a high-touch and high-frequency user case, despite the companies' promises of delivery in 10 to 20 minutes.
The penetration of smartphones is rapidly increasing in regional countries. According to the Indian Government’s National Portal of India, India’s Department of Telecommunications and Telecom Regulatory Authority reports that the country's telecom industry has experienced tremendous growth in recent years and is now the world's largest telephone network after China. The total number of wireless users. By the end of October 2013, there were 875.48 million PDF files downloaded in the nation through mobile phones, up from 870.58 million in September.
The China market dominated the Asia Pacific Instant Grocery Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $35,589.6 million by 2028.The Japan market is estimated to grow a CAGR of 19.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 20.9% during (2022 - 2028).
Based on Product, the market is segmented into Food Products and Non-food Products. Based on Food Products Type, the market is segmented into Staples & Cooking Essentials, Breakfast & Dairy, Snacks & Beverages, Fresh Produce and Others. Based on Non-food Products Type, the market is segmented into Cleaning Essentials, Home utilities, Bath & Body and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Instant Grocery Market is Projected to reach USD 418.7 Billion by 2028, at a CAGR of 19.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Swiggy, Walmart Inc., Delivery Hero SE, DoorDash, Inc., Target Corporation, Uber Technologies, Inc., Ocado Retail Ltd., Blink Commerce Private Limited, and Instacart.
By Product
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
