The demand for grocery delivery services is on the rise in Seychelles, as consumers increasingly seek convenience and safety amid the COVID-19 pandemic.
Customer preferences: Seychelles, an archipelago of 115 islands in the Indian Ocean, has a small population of around 98,000 people. However, the country has a high cost of living due to its reliance on imported goods, which makes grocery delivery services an attractive option for many consumers. Additionally, the COVID-19 pandemic has led to an increased demand for contactless delivery options, which has further boosted the popularity of grocery delivery services.
Trends in the market: The grocery delivery market in Seychelles is still in its early stages, with a few local players dominating the market. However, international players such as Carrefour and Spar have recently entered the market, indicating the growing potential of the sector. These players offer a wide range of products, including fresh produce, packaged goods, and household essentials, and are increasingly leveraging technology to improve their services. For instance, some players have launched mobile apps that allow customers to place orders and track deliveries in real-time.
Local special circumstances: Seychelles is a small island nation that relies heavily on tourism for its economy. However, the COVID-19 pandemic has severely impacted the country's tourism industry, leading to a decline in economic activity. As a result, many consumers are looking for ways to save money and reduce their expenses, which has made grocery delivery services an attractive option. Additionally, Seychelles has a high cost of living due to its reliance on imported goods, which has further boosted the demand for affordable grocery delivery services.
Underlying macroeconomic factors: The grocery delivery market in Seychelles is likely to continue growing in the coming years, as consumers increasingly seek convenience and safety amid the COVID-19 pandemic. Additionally, the country's high cost of living and reliance on imported goods make grocery delivery services an attractive option for many consumers. However, the market is still in its early stages, and local players will need to continue improving their services and leveraging technology to compete with international players. Overall, the grocery delivery market in Seychelles has significant potential for growth, driven by changing consumer preferences and the need for contactless delivery options.
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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