Quick Commerce Market to Continue Booming With More Rapid Deliveries & Improved Product Quality

A recent research study by MarkNtel Advisors has cited that the Quick Commerce (Q-Commerce) Market is set to register around 42% CAGR during 2022-27. The advent of Covid-19 in 2020 is the most crucial aspect, which has opened ways for quick commerce services globally. The lockdown and movement restrictions imposed by governments worldwide inclined consumers toward online platforms to shop for groceries, snacks, & beverages.

In addition, the rising disposable income of the middle class and the increasing consumer willingness to purchase quality products like groceries, drinks, snacks, etc., with doorstep & instant deliveries, are the prime aspects expected to drive the quick commerce market in the forecast years. Besides, the rapidly expanding local warehouses in less developed areas across India, China, & the US, etc., for increasing the accessibility of home essentials is also positively impacting the market expansion.

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Market Segmentation:

-By Product Type (Grocery, Snacks & Beverages, Bath & Beauty, Baby Essentials, Home Care)

-By Region (North America, South America, Europe, Middle East & Africa, Asia Pacific)

-By Competitors (Gorillas Technologies GmbH, Flink SE, Delivery Hero, Gopuff, FreshDirect, Instacart, Getir, Jokr, Weezy, Miss Fresh, Grab, Swiggy Instamart, Blinkit)

Groceries are Witnessing Rapidly Increasing Sales through Quick Commerce Channels

Groceries are projected to make significant contributions to the overall market expansion during the forecast period. It owes to the convenience of buying these products through quick commerce channels with the assurance of high quality, affordable prices, premium services, and exciting offers, among other perks. It, in turn, is widening the base of grocery buyers from such platforms, particularly across countries like China, India, the US, & Canada, where the working population is high. The same aspect is also generating lucrative opportunities for the leading players in the industry to expand their production & distribution capacities in order to cater to the burgeoning consumer requirements globally.

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With Increased Customer Spending on Online Platforms, Asia-Pacific to Record Substantial Growth

The ever-growing inclination of people toward online shopping, the increasing number of the working population, and the growing consumer awareness of the convenience of buying goods through these platforms are the prime aspects augmenting the growth of the Asia-Pacific Quick Commerce Market. In addition, the booming e-commerce sector owing to the rising penetration of the internet, smartphones, & social media, coupled with the dramatically increasing online spending of consumers, are other prominent aspects creating remunerative opportunities for the regional market growth.

Key Questions Answered in the Study

-What are the current & future trends in the Global Quick Commerce Market?

-How has the industry been evolving in terms of geography & product adoption?

-How has the competition been shaping across various countries, followed by their comparative landscape?

-What are the key growth drivers & challenges for the Global Quick Commerce Market?

-What are the customer orientation, purchase behavior, and expectations from product manufacturers across various regions?

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Competitive Landscape

The key companies operating in the Global Quick Commerce Market include Gorillas Technologies GmbH, Flink SE, Delivery Hero, GoPuff, FreshDirect, Instacart, Getir, Jokr, Weezy, Miss Fresh, Grab, Swiggy Instamart, Blinkit.

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