Press release
Emerging Trends to Drive Quick Commerce Market Growth at 23.4% CAGR Through 2029
Quick Commerce
Quick Commerce Market Size Growth Forecast: What to Expect by 2025?
In recent years, the quick commerce market has seen a tremendous upturn. It is projected to expand from $104.1 billion in 2024 to $129.73 billion in 2025, with a compound annual growth rate (CAGR) of 24.6%. The growth during the historical period is influenced by factors such as urbanization, lifestyle shifts, development in transportation infrastructure, e-commerce evolution, and demographic changes.
How Will the Quick Commerce Market Size Evolve and Grow by 2029?
The rapid commerce market is predicted to undergo a surge in size over the coming few years, with a projection to reach $300.58 billion by 2029 and a Compound Annual Growth Rate (CAGR) of 23.4%. Contributing factors to this escalating growth during the forecast period include considerations of sustainability, evolving regulatory norms, consumer preferences, health and safety issues, and market amalgamation. Expected trends during this period encompass extreme customization, the surge of social commerce, the advent of augmented reality (AR) shopping, adoption of sustainable measures, and voice-enabled commerce.
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What Drivers Are Propelling the Growth of Quick Commerce Market Forward?
The rapid development of the e-commerce sector and online commerce is projected to fuel the quick commerce market's progression. The e-commerce sector involves internet-based transactions for goods and services, whereas online shopping is the process of purchasing products or services via websites or mobile apps. The expansion of the e-commerce sector and online commerce is due to increased internet and mobile device use, advancements in technology, enhanced logistics and delivery services, and the convenience of shopping from home. Quick Commerce provides consumers with swift on-demand delivery of online goods and services, increasing convenience and satisfying instant needs. For example, in August 2024, the U.S. retail e-commerce sales for Q2 of 2024 were estimated at $282.3 billion, denoting a 5.3 percent (±0.7) rise compared to Q1 of 2023, as per the United States Census Bureau, an American government department. Consequently, the growth of the e-commerce sector and online commerce is fueling the expansion of the quick commerce market.
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Which Emerging Trends Are Transforming the Quick Commerce Market in 2025?
Leading firms in the quick commerce arena are creating inventive platforms, including real-time rapid commerce advertisement solutions, to boost customer interaction and secure a competitive market advantage. These real-time quick commerce ad solutions are self-service platforms that allow FMCG businesses to leverage real-time bidding in promoting their products on instant delivery apps. For example, Delivery Hero SE, a German online food order company, teamed up with CitrusAd, an Australian self-serve e-commerce ad-serving platform, in October 2022 to debut their new Self-Service Quick Commerce Advertising Solutions. This cooperation empowers FMCG companies to utilize advanced AdTech tools for product promotion. Delivery Hero now, via its instant delivery apps, presents real-time bidding features, granting brands the option to choose different purchasing models like cost-per-click, and track the outcomes in real time.
What Are the Key Segments in the Quick Commerce Market?
The quick commercemarket 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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Who Are the Key Players Shaping the Quick Commerce Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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.
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