On-demand retail is a rapidly growing market in China that is expected to exceed $148 billion by 2025. This market is defined as a model where consumers’ online orders are fulfilled within an hour by brick-and-mortar retailers located within a 3 to 5-kilometer radius.
The key driver for the future growth of on-demand retail is the convenient fulfillment of consumers’ orders. This service is available through many on-demand retail platforms, such as Dada Group. These platforms allow customers to order products online and receive them within an hour from a nearby retailer.
This convenience is expected to appeal to more and more consumers in China, leading to rapid growth in the on-demand retail market.
News Source: Dada Group