Market Overview:
The global quick
commerce market size hit USD 170.80 billion in
2024. The market is slated to rise from USD 184.55 billion in 2025 to USD
337.59 billion by 2032, exhibiting a CAGR of 9.01% over the forecast period.
Quick commerce refers to the delivery
of high-demand products such as ready-to-eat meals, groceries, and personal
care items, in under 30 minutes. The debut of advanced technologies, such as
real-time inventory management and AI-powered route optimization, in this
sector is anticipated to provide new growth opportunities to industry players.
The COVID-19 pandemic period recorded a
heightened demand for the rapid online delivery of medicine, groceries, and
hygiene products, which boosted the quick commerce demand. Nonetheless,
increased costs of operation and labor shortages were some of the key
challenges during the period.
Fortune Business Insights™ provides this information in its research
report, titled “Quick Commerce Market, 2025-2032”.
List of Key Players Mentioned in the
Report:
- Getir (Turkey)
- Blinkit (India)
- GoPuff (U.S.)
- Flink (Germany)
- Swiggy Instamart (India)
- Zapp (U.K.)
- Dunzo (India)
- Glovo (Spain)
- Zepto (India)
- JOKR (U.S.)
To get to know more about this market,
please visit:
https://www.fortunebusinessinsights.com/quick-commerce-market-111868
Segmentation:
Cashless Segment Held Key Share in 2024
Owing to Escalation in Digital Transactions
Based on mode of payment, the market is
subdivided into cashless payments and cash on delivery. In 2024, the cashless
segment recorded a leading market share and is anticipated to dominate the
global market over the projection period. The rise in digital transactions with
a surge in the numerous modes of cashless payments, including debit cards,
credit cards, UPI apps, internet banking, and mobile banking, is anticipated to
propel segmental expansion.
Grocery Segment Registered Prominent
Market Share Driven by Reliance of Urban Consumers on Quick Home Delivery
On the basis of product, the market is
categorized into groceries, beauty & personal care, fresh food &
beverages, electronics & toys, and others. The grocery segment accounted
for a dominating quick commerce market share in 2024 considering the reliance
of urban consumers on quick home delivery for last-minute requirements.
Mobile Application Segment Garnered
Major Share Fostered by High Smartphone Penetration
By channel type, the market is
fragmented into web portals and mobile applications. In 2024, the mobile application
segment registered a key market share impelled by easy internet accessibility
and high smartphone penetration.
Based on geography, the market has been
studied across North America, Europe, Asia Pacific, and the rest of the world.
Report Coverage:
The report presents an analysis of the
quick commerce industry based on mode of payment, product, channel type, and
region. It further gives an account of the major steps adopted by leading
companies to strengthen their market positions. The key factors set to drive
market expansion and the prominent industry trends have also been mentioned in
the report.
Drivers and Restraints:
Surging Consumer Demand for Speed and
Convenience to Propel Industry Expansion
The escalation of working
professionals, busy lifestyles, and an increase in urbanization are poised to
drive the demand for convenient and faster product delivery. The model is
suitable for people in urban areas. Furthermore, these companies provide discounts
that cannot be matched by offline stores. The consumer demand for speedy
product delivery is anticipated to drive quick commerce market growth.
Nevertheless, the high costs of
operating these companies may create challenges for industry expansion.
Regional Insights:
North America Held Key Share Fueled by
Mounting for Rapid Delivery of Household Essentials
In 2024, North America recorded a
dominant share owing to the rising demand for the ultra-fast delivery of
household essentials, groceries, and convenience items. The regional market is
characterized by an emphasis on urban areas, technology integration, a wide
range of product categories, and strategically located dark stores.
The Asia Pacific quick commerce market
is slated to depict the highest CAGR over the analysis period driven by the
escalated usage of digital wallets and the high penetration of smartphones.
Besides, the region exhibits surging urbanization and high population density.
Challenges:
Despite its promise, Q-Commerce faces a
number of challenges:
Profitability:
Ultra-fast delivery often comes with high operational costs. Maintaining dark
stores, employing couriers, and offering low delivery fees can strain margins.
Logistics:
Scaling Q-Commerce operations across cities and countries requires robust
logistics networks and significant capital investment.
Workforce Management: There are concerns around the working conditions
and job security of gig workers who fulfill deliveries.
Sustainability:
Increased packaging waste and constant deliveries raise environmental concerns
that companies must address.
Competitive Landscape:
Leading Corporations to Gain Edge via Merger
and Acquisition Strategies
The market is fiercely competitive,
with both global and regional players fighting to gain a substantial share.
Acquisitions and mergers can be observed throughout the global market which has
helped leading companies to be a key differentiator. Moreover, industry
participants are also gaining huge funding to cement their position in the
regional market.
Key Industry Development:
September 2024 – Flink raised a funding of USD 150 million intending
to double its business in the Netherlands and Germany in collaboration with
Just Eat Takeaway. The investors of the funding comprise Mubadala, BOND,
Northzone, REWE, and two others.
