Technology has revolutionized the way consumers shop. Be it grocery, medicines or food, individuals are now looking for faster home delivery options than ever before. This change in consumer behavior has unlocked the potential of online hyperlocal delivery marketplaces in several niches where orders are delivered promptly within a limited geographical area.
As per research, the hyperlocal market is expected to reach $3,634.3 billion by 2027. So, if you are an entrepreneur who is looking to start your own hyperlocal delivery business, this is the right time. However, before venturing into the market, it is essential to identify the right niche that aligns with your business goals. Hence, in this post, we present the top 10 niches for entrepreneurs to launch their own hyperlocal marketplace business.
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Popular Niches to Launch Your Online Hyperlocal Marketplace Business
As mentioned, hyperlocal delivery has taken the eCommerce industry by a storm. But with increasing competition, it becomes pivotal to figure out a niche. In this section, we discuss top 10 niches that you can consider to launch your online hyperlocal marketplace business.
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Fruits and Vegetables Delivery
Fruits and vegetables are an essential requirement for daily life. Hence, launching an online fruits and vegetables hyperlocal marketplace presents a remarkable opportunity to fulfill the essential needs while tapping into a rapidly growing market, which is projected to reach $81.5 Billion by 2032.
Major Players: Peapod, Amazon Fresh, HelloFresh
With quick-moving lifestyles, convenient foods like bakery products are becoming popular. According to market research, by 2026, the global bakery market is expected to reach $436.91 Billion and the online bakery market is expected to reach $32.6 Billion for the forecasted period. That said, to make buying of bakery products painless, launching an online bakery marketplace is a good idea. It gives you an opportunity to get in touch…
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