Quick Commerce Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Quick commerce Market – (By Category (Food Delivery, Grocery, Courier, Gifts & Flowers, Pharmacy, Others), By Delivery Timeframe (Instant Delivery, Same-day Delivery, Scheduled Delivery)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034.”
According to the latest research by InsightAce Analytic, the Global Quick commerce Market is expected to expand with a CAGR of 25.5% during the forecast period of 2025-2034.
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The concept of “quick commerce” is centered on establishing an ultra-fast delivery model, supported by a streamlined logistics infrastructure and strategically positioned distribution hubs near residential areas, to facilitate deliveries within 10 to 30 minutes. The market’s rapid expansion is primarily driven by the growing demand for expedited delivery of essential household goods. Increasing consumer interest in the prompt delivery of food, groceries, and everyday necessities-coupled with rising per capita income, accelerated urbanization, and robust industrial development-is significantly contributing to market growth.
Shifts in consumer behavior, particularly among younger demographics, are influenced by factors such as competitive pricing, a wide selection of products and brands, and improved convenience. Additionally, the proliferation of internet access in developing regions and the entrance of prominent e-commerce players are creating new growth opportunities. The widespread adoption of quick commerce is enabling key industry participants to diversify their offerings beyond food delivery, expanding into categories such as electronics, pet supplies, floral arrangements, books, stationery, and personal care products.
List of Prominent Players in the Quick Commerce Market:
• Glovo
• Getir
• Rappi
• Wolt
• JOKR
• Gopuff,
• Zomato
• Swiggy,
• Rohlik,
• Ocado Zoom
• Others
Market Dynamics:
Drivers-
The integration of 5G and 4G technologies in payment transactions is anticipated to drive market growth by enhancing the user experience through seamless and efficient connectivity. Furthermore, the rising prevalence of smartphone usage in developing economies is broadening consumer access to online retail platforms, thereby contributing to the expansion of digital commerce. The increasing adoption of connected consumer devices is expected to further accelerate market development. In addition, the growing number of small and medium-sized enterprises (SMEs) is projected to bolster the demand for quick commerce solutions over the forecast period.
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Challenges:
Ensuring operational efficiency in densely populated urban environments presents significant challenges for quick commerce providers. Managing high order volumes while adhering to stringent delivery timelines remains a persistent issue. Additionally, evolving consumer expectations regarding delivery speed, order accuracy, and product quality continue to elevate performance standards. A key barrier to market growth is the high operational cost associated with maintaining fulfillment hubs, including dark store infrastructure and last-mile delivery logistics.
Regional Trends:
The North American quick commerce market is projected to hold a dominant share, driven by increasing consumer preference for the rapid delivery of everyday necessities, personal care products, electronics, and pet supplies. The convenience of on-demand access to a broad product selection continues to drive adoption, particularly in densely populated urban centers, which serve as strategic focal points for service expansion. Similarly, the Asia Pacific region is witnessing robust market growth, with countries such as India, China, Japan, Indonesia, Singapore, and Thailand experiencing a surge in quick commerce startups. This expansion is largely fueled by the sector’s value proposition of rapid delivery and extensive product variety.
Recent Developments:
• In June 2022, Shift collaborated with Wolt to facilitate deliveries within a time frame of less than 30 minutes. The relationship represented the convergence of two global pioneers in delivery technology. Through collaboration, Wolt and nShift facilitated expedited deliveries for local shops, allowing them to effectively compete with international corporations within a timeframe of under 30 minutes.
• In Sept 2021, Glovo acquired two companies in order to enhance its ‘q-commerce’ sector. This Spanish corporation acquired Lola Market, a domestic grocery delivery company, as well as Mercadão, a Portuguese counterpart. The specific details of the acquisitions were not made public.
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Segmentation of Quick Commerce Market-
By Category
• Food Delivery
• Grocery
• Courier
• Gifts & Flowers
• Pharmacy
• Others
By Delivery Timeframe
• Instant Delivery
• Same-day Delivery
• Scheduled Delivery
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
View Overview Report: https://www.insightaceanalytic.com/report/quick-commerce-market/2247
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
