Global Quick Commerce Market Size, Share, Growth, and Industry Analysis, By Type (Food and Beverage, Drugs, Groceries, Clothes, Others), By Application (Cash on Delivery, Online), Regional Insights and Forecast To 2033

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QUICK COMMERCE MARKET OVERVIEW

The global quick commerce market is anticipated to witness consistent growth, starting from USD 27.5 billion in 2024, reaching USD 32.62 billion in 2025, and climbing to USD 140.54 billion by 2033, at a steady CAGR of 18.6%.

Quick Commerce is the trend where we try to deliver everyday essentials like groceries, food, and medicine at the fastest rate possible. More and more people are turning to online shopping for instant needs, meaning it’s growing quickly. Different types of products and ways of delivery (such as cash on delivery and online payments) are part of this market. To meet this demand, companies in this field are adapting their offerings and getting the products out faster. With customer expectations changing, Quick Commerce is catching on, as people in busy urban spaces seek speed and convenience.

COVID-19 IMPACT

Quick Commerce Industry Had a Positive Effect Due to Increased Demand for Fast Delivery during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The rise of the fast delivery option came with the COVID-19 pandemic, forcing businesses to embrace online services quickly. With social distancing in place, companies used quick delivery method involving sell of stuff like foods and groceries in minutes. This shift led to the use of smaller, more local warehouses and faster shopping experiences. As a result, Quick Commerce became a go-to solution for people seeking convenience during the pandemic.

LATEST TRENDS

Growing Demand for Instant Delivery Increases Convenience for Consumers

Rising demand for instant delivery of essentials like groceries and meals have been one of the latest trends that are boosting growth. Fast, reliable and services that people don’t need to spend time with them anymore. This shift is driven by the convenience of having everyday items delivered within minutes, fueling competition among companies to improve delivery speeds and expand their offerings.

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QUICK COMMERCE MARKET SEGMENTATION

By Type

• Food and Beverage: This segment includes delivery of meals, snacks, and drinks. Quick Commerce platforms prioritize these items for rapid delivery to meet consumers’ needs for instant food options.

• Drugs: This involves quick delivery of medicines and health-related products, allowing people to get essential medicines without delay, especially beneficial in emergencies.

• Groceries: Quick Commerce delivers fresh produce, dairy, and other grocery items straight to consumers’ doors, ideal for urgent and daily needs.

• Clothes: This segment includes the fast delivery of clothing and accessories, catering to those who need last-minute outfits or immediate wardrobe needs.

• Others: Covers a variety of items like personal care, electronics, and essentials, ensuring users can get miscellaneous products quickly.

By Application

• Cash on Delivery: Allows customers to pay upon receiving their order, offering convenience and security for those who prefer handling cash or seeing their items before paying.

• Online Payment: Enables secure, upfront payments via digital methods, appealing to customers who prefer cashless, faster transactions without handling physical currency.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Growing E-commerce Boosts Demand for Faster Delivery Services

It is due to rapid growth of the e-commerce that there is an urgent requirement for a fast, convenient delivery service as consumers come to expect immediate access to their goods. As a result, we see pushing for express delivery, and companies endeavour to adopt Quick Commerce solutions to satisfy such demands and stay competitive.

Rising Consumer Preference for Convenience Fuels Rapid Delivery Growth

Today, consumers now tend to care less and prefer a faster delivery for non luxurious goods. The result of such a change in behavioral norm has been a rapid demand for ultra fast delivery services, triggering industry players to allocate a large portion of their budget for services that enhance their delivery speed, reliability and attract customers based on their propensity to support convenience.

Restraining Factor

Delivery challenges in urban areas lead to delays and higher costs

Quick Commerce faces a hurdle with delivery logistics, as getting items to customers quickly, especially in crowded urban areas, isn’t always easy. Traffic, limited delivery staff, and unpredictable demand create delays and increase costs. These issues make it harder to provide a smooth experience for customers who expect fast service, which can impact the reputation and growth of companies in this market.

Opportunity

Expanding into emerging markets boosts growth by meeting new demands

There’s great potential for Quick Commerce to expand into new areas, especially in emerging markets where fast delivery is still new. By introducing these convenient services, companies can attract customers looking for quicker access to essentials. As these regions develop and people seek more convenience, Quick Commerce can capture a growing demand, helping companies to tap into fresh and profitable markets.

Challenge

High demand pressures service quality, risking customer satisfaction and loyalty

A major challenge for Quick Commerce is keeping service quality high as demand rises. Ensuring each delivery is timely, accurate, and smooth requires efficient planning and resources, which can be tough when orders flood in during peak times. Balancing speed with quality service is essential, as any slip-up can impact customer satisfaction and reduce repeat business in this competitive field.

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QUICK COMMERCE MARKET REGIONAL INSIGHTS

• North America 

In North America, the United States Quick Commerce market is expanding rapidly due to the increasing adoption of online shopping and demand for faster deliveries. Urban areas are driving growth, with consumers seeking instant access to groceries, food, and essential goods. The rise of mobile apps and advancements in delivery technology are supporting this growth, leading to greater competition among delivery service providers in the U.S. and Canada.

• Europe

Market for Quick Commerce in Europe progressing very fast, specifically countries like United Kingdom, Germany or France. Rapid delivery services fit in so well in the region: with its high population density and tech savvy consumers. As companies try to meet the demand for fast delivery options, including groceries and daily essentials, more and more are investing in logistics and delivery infrastructure.

• Asia

Consumer demand for increased speed in services is driven by urban areas becoming rapidly digitalized and an increasing penetration in the smartphone space. Quick Commerce takes advantage of strong infrastructure and robust e-commerce ecosystem in China, and a growing middle class, shifting consumer behaviour to seek convenience and time saving solutions in India.

KEY INDUSTRY PLAYERS

Rapid delivery service improvements drive increased customer satisfaction and market

The leading players in the Quick Commerce market, including Instacart, Gorillas and Gopuff, are concentrating on providing fast delivery services for groceries, food amongst other essentials. But they are investing in technology to get deliveries in faster and improve customer experience. By expanding their networks and forming partnerships, these companies aim to stay competitive and meet the growing demand for quick, reliable services in urban areas. Their efforts ensure a strong market presence.

List of Top Quick Commerce Companies

• Instacart (U.S.)
• Gopuff (U.S.)
• Delivery Hero (Germany)
• Getir (Turkey)
• Flink SE (Germany)
• Grab (Singapore)
• Miss Fresh (China)
• Swiggy Instamart (India)
• FreshDirect (U.S.)
• Gorillas Technologies GmbH (Germany)

INDUSTRIAL DEVELOPMENT

July 2023: The growth stepped forward — Instacart (U.S.) went public. It fast grocery delivery company, expanded its services and turned out to be a big name in the Quick Commerce market. This helped Instacart get to more consumers, upgrade its technology, increase its delivery efficiency, and cement its place in the highly competitive industry and in response to growing demand for faster service.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Quick Commerce market from multiple angles, providing sufficient support to readers' strategy and decision-making. This study includes a comprehensive SWOT analysis and insights for future developments within the market. It examines various factors contributing to the market’s growth by exploring dynamic categories and potential areas for innovation that may influence its trajectory in the upcoming years. The analysis covers both recent trends and historical turning points, providing a holistic understanding of the market’s competitors and identifying potential areas for growth.

The research examines the market segmentation using both quantitative and qualitative methods to offer a thorough analysis, evaluating the influence of strategic and financial perspectives on the market. Additionally, the report’s regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is meticulously detailed, including the market shares of key competitors. The report incorporates innovative research techniques and strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a professional and understandable manner.