How Has the Quick Commerce Market Evolved Historically and What is its Current Size?
The quick commerce market has seen considerable growth due to a variety of factors.
• The quick commerce market has seen impressive growth recently, projected to grow from $104.1 billion in 2024 to $130.51 billion in 2025, at a compound annual growth rate (CAGR) of 25.4%.
This growth is driven by factors such as urbanization, changing lifestyles, improvements in transportation infrastructure, the rise of e-commerce, and demographic shifts.
What is the Forecasted Market Size and CAGR for the Quick Commerce Market?
The quick commerce market is expected to maintain its strong growth trajectory in upcoming years.
• The quick commerce market is predicted to grow to $318.67 billion by 2029, at a CAGR of 25.0%.
Growth factors include sustainability concerns, regulatory shifts, changing consumer expectations, health and safety concerns, and market consolidation. Key trends will focus on hyper-personalization, social commerce, augmented reality (AR) shopping, sustainability practices, and voice commerce.
What Key Factors and Trends Are Driving The Growth Quick Commerce Market?
The surge in the e-commerce sector and the proliferation of online shopping are anticipated to fuel the quick commerce market's expansion. The e-commerce sector encompasses Internet purchases and sales of goods and services, while online shopping pertains to the buying of products or services via websites or mobile apps. Advancements in technology, increased Internet and mobile device usage, improved delivery and logistics services, and the comfort of home shopping are contributing to the growth of the e-commerce sector and online shopping. Quick commerce provides rapid, on-demand delivery of online goods and services, raising convenience levels and addressing immediate consumer needs. For example, the U.S. retail e-commerce sales for Q2 2024, as reported by the United States Census Bureau in August 2024, were evaluated at $282.3 billion, indicating a 5.3% (±0.7) rise from Q1 2023. Thus, the growth of the e-commerce sector and online shopping is leading the quick commerce market's expansion.
What Are The Market Segments In The Quick Commerce Market?
The quick commerce market covered in this report is segmented –
1) By Product: Food And Groceries, Stationery, Personal Care Items, Medicines, Small Electronics And Accessories, Clothing, Household Products, Others Products
2) By Technology: Application Based Operation, Website Based Operation, Hybrid Operation
3) By Payment Mode: Cash On Delivery, Online
Subsegments:
1) By Food And Groceries: Fresh Produce (Fruits And Vegetables), Dairy Products, Packaged Foods (Snacks, Beverages, Canned Goods), Frozen Foods, Meat, Poultry And Seafood, Bakery And Confectionery, Organic And Health Foods
2) By Stationery: Office Supplies (Pens, Paper, Notebooks), School Supplies (Backpacks, Binders, Pencils), Printing And Copying Materials, Art Supplies (Markers, Paints), Technology Accessories (Chargers, Mouses)
3) By Personal Care Items: Skincare Products (Creams, Lotions, Serums), Hair Care Products (Shampoos, Conditioners, Hair Oils), Oral Care (Toothpaste, Mouthwash, Toothbrushes), Cosmetics (Makeup, Nail Care), Bath And Shower (Soaps, Shower Gels, Scrubs)
4) By Medicines: Over-The-Counter Medications (Painkillers, Cold Medicines), Prescription Drugs, Health Supplements (Vitamins, Proteins), First Aid Supplies (Bandages, Antiseptics), Wellness And Herbal Products
5) By Small Electronics And Accessories: Smartphones And Mobile Accessories (Cases, Screen Protectors), Headphones And Earbuds, Smartwatches And Wearables, Chargers And Cables, Small Home Appliances (Blenders, Electric Kettles)
6) By Clothing: Apparel (T-Shirts, Jeans, Dresses), Footwear (Shoes, Sandals, Sneakers), Lingerie And Innerwear, Activewear (Sportswear, Yoga Pants), Accessories (Hats, Scarves, Bags)
7) By Household Products: Cleaning Supplies (Detergents, Disinfectants), Kitchenware (Pots, Pans, Utensils), Home Décor (Cushions, Curtains, Rugs), Paper Products (Toilet Paper, Tissues), Small Furniture (Shelves, Storage Solutions)
8) By Other Products: Pet Supplies (Food, Toys, Accessories), Baby Products (Diapers, Baby Food, Clothes), Books And Magazines, Party Supplies (Decorations, Balloons), Gardening Supplies (Seeds, Soil, Pots)
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How Are Emerging Trends Reshaping The Dynamics Of The Quick Commerce Market?
Major corporations in the fast commerce arena are creating novel platforms, like real-time fast commerce advertisement solutions, to boost customer engagement and secure a competitive advantage. These solutions are self-serving platforms that permit fast-moving consumer goods (FMCG) companies to utilize real-time bidding for product promotion on instant delivery apps. For instance, Delivery Hero SE, based in Germany, collaborated with CitrusAd, an Australian e-commerce self-serve ad platform, in October 2022, to introduce new Self-Service Fast Commerce Advertising Solutions. This alliance empowers FMCG firms to employ progressive AdTech tools for their product publicity. Delivery Hero now provides real-time bidding through its on-demand delivery apps, enabling brands to choose from distinctive buying designs like cost-per-click and track the results live.
Who Are the Key Players In The Quick Commerce Market?
Major companies operating in the quick commerce market are:
• Delivery Hero SE
• DoorDash Inc.
• Gopuff
• Maplebear Inc.
• Swiggy
• Grab Holdings Inc.
• Getir
• Shipt Inc.
• Postmates Inc.
• Missfresh Inc.
• Flink SE
• ZeptoExpress Sdn Bhd
• Lalamove LLC
• FreshDirect LLC
• Jokr Inc.
• Dunzo Digital Private Limited
• Zapp Ltd.
• Blink Commerce Private Limited
• Gorillas Technologies GmbH
• GoJek
• Rappi S.A.S
• Weezy Technologies Limited
What Are The Regional Insights Into The Quick Commerce Market?
North America was the largest region in the quick commerce market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quick commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
