The quick commerce market size has grown exponentially in recent years. It will grow from $83.31 billion in 2023 to $104.1 billion in 2024 at a compound annual growth rate (CAGR) of 25%. The growth observed during the historic period can be attributed to several factors, including urbanization, changing lifestyles, advancements in transportation infrastructure, the expansion of e-commerce, and demographic changes.
The quick commerce market size is expected to see exponential growth in the next few years. It will grow to $254.99 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%. The projected growth in the forecast period can be attributed to various factors, such as sustainability concerns, shifts in the regulatory landscape, evolving consumer expectations, heightened awareness regarding health and safety, and market consolidation. Major trends anticipated in the forecast period include hyper-personalization, the rise of social commerce, the integration of augmented reality (AR) in shopping experiences, the adoption of sustainable practices, and the increasing prevalence of voice commerce.
The growth of the quick commerce market is expected to be driven by the expansion of the e-commerce industry and online shopping in the coming years. The e-commerce industry involves the buying and selling of goods and services online, while online shopping refers to purchasing products or services through websites or mobile apps. This expansion is fueled by factors such as increased internet and mobile device usage, technological advancements, improved logistics and delivery services, and the convenience of shopping from home. Quick Commerce provides rapid on-demand delivery of online goods and services, offering convenience and meeting immediate consumer needs. For example, data from the United States Department of Commerce in May 2021 revealed that e-commerce sales in the US reached $215 billion in the first quarter of 2021, marking a 7.7% increase compared to the previous quarter. Therefore, the growth of the e-commerce industry and online shopping is propelling the quick commerce market forward.
Key players in the quick commerce market are innovating platforms, such as real-time quick commerce advertising solutions, to enhance customer engagement and maintain a competitive edge. These solutions enable FMCG companies to promote products on on-demand delivery apps through real-time bidding. For instance, Delivery Hero SE, a Germany-based online food ordering company, partnered with CitrusAd, an Australia-based e-commerce ad-serving platform, in October 2022 to introduce Self-Service Quick Commerce Advertising Solutions. Through this collaboration, FMCG companies can utilize advanced AdTech tools to advertise products in real time on Delivery Hero's on-demand delivery apps, selecting different buying models such as cost-per-click and monitoring results instantly.
In June 2022, DoorDash Inc., a US-based food delivery company, acquired Wolt Enterprises Oy for an undisclosed sum. This acquisition allows DoorDash to expand its presence in multiple countries and scale its global operations while benefiting from Wolt's expertise in local commerce. It strengthens DoorDash's competitive position in the quick commerce market by enhancing its ability to provide on-demand food delivery services from restaurants. Wolt Enterprises Oy, headquartered in Finland, specializes in providing a platform for on-demand food delivery.
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.
North America was the largest region in the quick commerce market in 2023. 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.
The countries covered in the quick commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Quick commerce represents a segment within the e-commerce industry specializing in the swift delivery of goods and services to customers, often within an hour or even minutes of placing an order. This typically involves the utilization of localized warehouses, advanced logistics, and delivery technologies to ensure rapidity and efficiency.
The primary products within quick commerce include food and groceries, stationery, personal care items, medicines, small electronics and accessories, clothing, household products, and others. Food and groceries encompass edible items and household essentials commonly purchased for consumption and daily living needs. The technology employed includes application-based operation, website-based operation, and hybrid operation, while payment modes may include cash on delivery and online transactions.
The quick commerce market research report is one of a series of new reports that provides quick commerce market statistics, including the quick commerce industry global market size, regional shares, competitors with the quick commerce market share, detailed quick commerce market segments, market trends, and opportunities, and any further data you may need to thrive in the quick commerce industry. These quick commerce market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quick commerce market includes revenues earned by entities by providing services such as grocery delivery, medicines delivery, office supplies, and food delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The quick commerce market size is expected to see exponential growth in the next few years. It will grow to $254.99 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%. The projected growth in the forecast period can be attributed to various factors, such as sustainability concerns, shifts in the regulatory landscape, evolving consumer expectations, heightened awareness regarding health and safety, and market consolidation. Major trends anticipated in the forecast period include hyper-personalization, the rise of social commerce, the integration of augmented reality (AR) in shopping experiences, the adoption of sustainable practices, and the increasing prevalence of voice commerce.
The growth of the quick commerce market is expected to be driven by the expansion of the e-commerce industry and online shopping in the coming years. The e-commerce industry involves the buying and selling of goods and services online, while online shopping refers to purchasing products or services through websites or mobile apps. This expansion is fueled by factors such as increased internet and mobile device usage, technological advancements, improved logistics and delivery services, and the convenience of shopping from home. Quick Commerce provides rapid on-demand delivery of online goods and services, offering convenience and meeting immediate consumer needs. For example, data from the United States Department of Commerce in May 2021 revealed that e-commerce sales in the US reached $215 billion in the first quarter of 2021, marking a 7.7% increase compared to the previous quarter. Therefore, the growth of the e-commerce industry and online shopping is propelling the quick commerce market forward.
Key players in the quick commerce market are innovating platforms, such as real-time quick commerce advertising solutions, to enhance customer engagement and maintain a competitive edge. These solutions enable FMCG companies to promote products on on-demand delivery apps through real-time bidding. For instance, Delivery Hero SE, a Germany-based online food ordering company, partnered with CitrusAd, an Australia-based e-commerce ad-serving platform, in October 2022 to introduce Self-Service Quick Commerce Advertising Solutions. Through this collaboration, FMCG companies can utilize advanced AdTech tools to advertise products in real time on Delivery Hero's on-demand delivery apps, selecting different buying models such as cost-per-click and monitoring results instantly.
In June 2022, DoorDash Inc., a US-based food delivery company, acquired Wolt Enterprises Oy for an undisclosed sum. This acquisition allows DoorDash to expand its presence in multiple countries and scale its global operations while benefiting from Wolt's expertise in local commerce. It strengthens DoorDash's competitive position in the quick commerce market by enhancing its ability to provide on-demand food delivery services from restaurants. Wolt Enterprises Oy, headquartered in Finland, specializes in providing a platform for on-demand food delivery.
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.
North America was the largest region in the quick commerce market in 2023. 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.
The countries covered in the quick commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Quick commerce represents a segment within the e-commerce industry specializing in the swift delivery of goods and services to customers, often within an hour or even minutes of placing an order. This typically involves the utilization of localized warehouses, advanced logistics, and delivery technologies to ensure rapidity and efficiency.
The primary products within quick commerce include food and groceries, stationery, personal care items, medicines, small electronics and accessories, clothing, household products, and others. Food and groceries encompass edible items and household essentials commonly purchased for consumption and daily living needs. The technology employed includes application-based operation, website-based operation, and hybrid operation, while payment modes may include cash on delivery and online transactions.
The quick commerce market research report is one of a series of new reports that provides quick commerce market statistics, including the quick commerce industry global market size, regional shares, competitors with the quick commerce market share, detailed quick commerce market segments, market trends, and opportunities, and any further data you may need to thrive in the quick commerce industry. These quick commerce market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The quick commerce market includes revenues earned by entities by providing services such as grocery delivery, medicines delivery, office supplies, and food delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Quick Commerce Market Characteristics3. Quick Commerce Market Trends and Strategies32. Global Quick Commerce Market Competitive Benchmarking33. Global Quick Commerce Market Competitive Dashboard34. Key Mergers and Acquisitions in the Quick Commerce Market
4. Quick Commerce Market - Macro Economic Scenario
5. Global Quick Commerce Market Size and Growth
6. Quick Commerce Market Segmentation
7. Quick Commerce Market Regional and Country Analysis
8. Asia-Pacific Quick Commerce Market
9. China Quick Commerce Market
10. India Quick Commerce Market
11. Japan Quick Commerce Market
12. Australia Quick Commerce Market
13. Indonesia Quick Commerce Market
14. South Korea Quick Commerce Market
15. Western Europe Quick Commerce Market
16. UK Quick Commerce Market
17. Germany Quick Commerce Market
18. France Quick Commerce Market
19. Italy Quick Commerce Market
20. Spain Quick Commerce Market
21. Eastern Europe Quick Commerce Market
22. Russia Quick Commerce Market
23. North America Quick Commerce Market
24. USA Quick Commerce Market
25. Canada Quick Commerce Market
26. South America Quick Commerce Market
27. Brazil Quick Commerce Market
28. Middle East Quick Commerce Market
29. Africa Quick Commerce Market
30. Quick Commerce Market Competitive Landscape and Company Profiles
31. Quick Commerce Market Other Major and Innovative Companies
35. Quick Commerce Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Quick Commerce Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on quick commerce market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for quick commerce? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quick commerce market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Food And Groceries; Stationery; Personal Care Items; Medicines; Small Electronics And Accessories; Clothing; Household Products; Others Products2) By Technology: Application Based Operation; Website Based Operation; Hybrid Operation
3) By Payment Mode: Cash On Delivery; Online
Key Companies Mentioned: Delivery Hero SE; DoorDash Inc.; Gopuff; Maplebear Inc.; Swiggy
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 104.1 Billion |
Forecasted Market Value ( USD | $ 254.99 Billion |
Compound Annual Growth Rate | 25.1% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |