Puerto Rico, an unincorporated territory of the United States, is an archipelago located in the Caribbean Sea. The Grocery Delivery market in Puerto Rico has witnessed remarkable growth in recent years.
Customer preferences: The Grocery Delivery market in Puerto Rico has experienced a surge in demand due to the busy lifestyle of the people. The customers prefer online grocery shopping over traditional shopping methods due to convenience and time-saving. Moreover, the COVID-19 pandemic has further accelerated the adoption of online grocery shopping as people prefer to stay at home and avoid crowded places.
Trends in the market: The Grocery Delivery market in Puerto Rico has witnessed an increase in the number of players offering online grocery delivery services. The market is highly competitive with both local and international players vying for market share. The players in the market are leveraging technology to offer a seamless shopping experience to customers. They are also offering a wide range of products to cater to the diverse needs of customers.
Local special circumstances: Puerto Rico is an island territory and is prone to natural disasters such as hurricanes and earthquakes. The Grocery Delivery market has emerged as a lifeline for the people during such calamities. The players in the market have been able to deliver essential goods to people during emergencies, thereby earning customer loyalty.
Underlying macroeconomic factors: Puerto Rico is a developing economy and has witnessed economic challenges in recent years. The COVID-19 pandemic has further exacerbated the economic situation. The Grocery Delivery market has emerged as a bright spot in the economy, creating job opportunities and contributing to economic growth. The market has also helped small businesses to reach a wider audience and expand their customer base. In conclusion, the Grocery Delivery market in Puerto Rico has witnessed significant growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The market is expected to continue its growth trajectory in the coming years, driven by technological advancements and an increase in demand for online shopping.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
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