Press release
Emerging Trends Influencing The Growth Of The Quick Commerce Market: Self-Service Quick Commerce Advertising Solutions Transforming The Quick Commerce Market
Quick Commerce
How Big Is the Quick Commerce Market Size Expected to Be by 2034?
The quick commerce market has expanded significantly in recent years. It is expected to grow from $104.1 billion in 2024 to $130.51 billion in 2025, at a CAGR of 25.4%. This growth is driven by urbanization, changing lifestyles, improvements in transportation infrastructure, the rise of e-commerce, and demographic shifts.
The quick commerce market is forecast to grow rapidly, reaching $318.67 billion by 2029 at a CAGR of 25.0%. This growth is attributed to sustainability concerns, regulatory developments, consumer expectations, health and safety issues, and market consolidation. Major trends include hyper-personalization, the rise of social commerce, augmented reality (AR) shopping, sustainable practices, and voice commerce.
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What Are the Emerging Segments Within the Quick Commerce Market?
The quick commerce market 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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What Long-Term Drivers Are Shaping Quick Commerce Market Trends?
The expansion of e-commerce and online retail is expected to stimulate the quick commerce market. This growth is due to increasing internet access, technological improvements, and consumer preference for convenience. Quick commerce delivers goods rapidly to meet immediate needs. According to the U.S. Census Bureau, in August 2024, U.S. retail e-commerce sales reached $282.3 billion in Q2 2024, a 5.3% increase from Q1 2023. Hence, e-commerce growth is propelling the quick commerce market.
Who Are the Top Competitors in Key Quick Commerce Market Segments?
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 Quick Commerce Market Trends Are Gaining Traction Across Different Segments?
Companies in the quick commerce market are developing innovative platforms, such as real-time quick commerce advertising solutions, to improve customer engagement and gain a competitive advantage. These self-service platforms allow FMCG companies to use real-time bidding for promoting products on on-demand delivery apps. For example, in October 2022, Delivery Hero SE, a Germany-based online food ordering company, partnered with CitrusAd, an Australian e-commerce ad platform, to launch Self-Service Quick Commerce Advertising Solutions. This collaboration enables FMCG companies to leverage advanced AdTech tools and real-time bidding on Delivery Hero's platforms, offering flexible buying models like cost-per-click.
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Which Regions Are Becoming Hubs for Quick Commerce Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Quick Commerce Market?
2. What is the CAGR expected in the Quick Commerce Market?
3. What Are the Key Innovations Transforming the Quick Commerce Industry?
4. Which Region Is Leading the Quick Commerce Market?
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