Product Code: PM4142
The global quick commerce market size is expected to reach USD 11.67 billion by 2032, according to a new study by Polaris Market Research. The report "Quick Commerce Market Share, Size, Trends, Industry Analysis Report, By Product Category (Clothing, Stationary), By Payment Mode (Cash On Delivery, Online), By Technology, By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing trend among consumers in metropolitan cities to receive household goods and groceries within a remarkably short time frame, typically ranging from 10 to 30 minutes, is a significant driver behind the market's growth. This emerging business model, often referred to as quick commerce or Q-commerce, aims to meet the demands of consumers for rapid deliveries. It encompasses a wide range of product categories, including perishable food items and electronic products, catering to diverse consumer needs and preferences.
Consumers in urban areas, often leading busy lifestyles, seek convenience and efficiency in their shopping experiences. Quick commerce services address this demand by providing a swift and streamlined delivery process. With the ability to order essential items and groceries online and have them delivered within half an hour, consumers can save time and effort, eliminating the need for time-consuming trips to physical stores.
This rapid delivery model spans various product categories, ensuring that consumers can access a broad spectrum of goods, including fresh produce, household essentials, personal care items, electronics, and more. The convenience of receiving a diverse range of products swiftly has made quick commerce increasingly popular among urban consumers, leading to its significant growth in the market.
The evolving business approach encompasses a wide array of product categories, spanning from perishable food items to electronics. The global shift in consumer behavior, triggered by the pandemic, has accelerated the trend of online essential shopping. This surge is attributed to the increasing preference among consumers for online orders, allowing them to access a diverse range of products without the need to visit physical stores. This trend highlights the market's growth, emphasizing the pivotal role of fast delivery, convenience, improved customer experiences, and access to a broader assortment of goods.
With the rising demand for swift delivery of food and perishable goods, the quick commerce sector is diversifying its offerings to include non-grocery items. This expansion is opening new avenues for market growth. Foodpanda, reported a significant surge in orders not only for food products but also for various non-grocery categories. The demand for items like electronics, beauty products, home goods, pet food, and wellness products notably increased. Wellness and health products experienced a remarkable surge of 115% in orders. Retailers across different product segments are capitalizing on this trend, leveraging online platforms to enhance visibility and broaden their customer base.
Quick Commerce Market Report Highlights
Personal care items segment will grow at rapid pace, owing to presence of young consumers seeking online hassle-free quicker delivery options
Online payment mode with grow at the substantial pace, owing to ease payment, UPI interface, and strong support from policy makers
APAC will grow at rapid pace, as the region comprises of young individual with smartphones seeking daily care items
The global players include: Swiggy, Dunzo, Blink Commerce, Big Basket, Zepto, Getir, Flink, Yemece, Delivery Hero, and Gopuff
Polaris Market Research has segmented the quick commerce market report based on product category, payment mode, technology, and region:
Quick Commerce, Product Category Outlook (Revenue - USD Billion, 2019 - 2032)
- Food & Groceries
- Stationary
- Personal Care Items
- Medicines
- Small Electronics & Accessories
- Clothing
- Household Products
- Others (Pets, alcohol, gifts & flowers)
Quick Commerce, Payment Mode Outlook (Revenue - USD Billion, 2019 - 2032)
Quick Commerce, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
- Application Based Operation
- Website Based Operation
- Hybrid Operation
Quick Commerce, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Quick Commerce Market Insights
- 4.1. Quick Commerce Market - Technology Snapshot
- 4.2. Quick Commerce Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Mobile and E-commerce Growth
- 4.2.1.2. Changing Consumer Expectations
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Operational Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Quick Commerce Market Technology Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Quick Commerce Market, by Product Category
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 5.3. Food & Groceries
- 5.3.1. Global Quick Commerce Market, by Food & Groceries, by Region, 2019-2032 (USD Billion)
- 5.4. Stationary
- 5.4.1. Global Quick Commerce Market, by Stationary, by Region, 2019-2032 (USD Billion)
- 5.5. Personal Care Items
- 5.5.1. Global Quick Commerce Market, by Personal Care Items, by Region, 2019-2032 (USD Billion)
- 5.6. Medicines
- 5.6.1. Global Quick Commerce Market, by Medicines, by Region, 2019-2032 (USD Billion)
- 5.7. Small Electronics & Accessories
- 5.7.1. Global Quick Commerce Market, by Small Electronics & Accessories, by Region, 2019-2032 (USD Billion)
- 5.8. Clothing
- 5.8.1. Global Quick Commerce Market, by Clothing, by Region, 2019-2032 (USD Billion)
- 5.9. Household Products
- 5.9.1. Global Quick Commerce Market, by Household Products, by Region, 2019-2032 (USD Billion)
- 5.10. Others (Pets, alcohol, gifts & flowers)
- 5.10.1. Global Quick Commerce Market, by Others (Pets, alcohol, gifts & flowers), by Region, 2019-2032 (USD Billion)
6. Global Quick Commerce Market, by Payment Mode
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 6.3. Cash on Delivery
- 6.3.1. Global Quick Commerce Market, by Cash on Delivery, by Region, 2019-2032 (USD Billion)
- 6.4. Online
- 6.4.1. Global Quick Commerce Market, by Online, by Region, 2019-2032 (USD Billion)
7. Global Quick Commerce Market, by Technology
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 7.3. Application Based Operation
- 7.3.1. Global Quick Commerce Market, by Application Based Operation, By Region, 2019-2032 (USD Billion)
- 7.4. Website Based Operation
- 7.4.1. Global Quick Commerce Market, by Website Based Operation, By Region, 2019-2032 (USD Billion)
- 7.5. Hybrid Operation
- 7.5.1. Global Quick Commerce Market, by Hybrid Operation, By Region, 2019-2032 (USD Billion)
8. Global Quick Commerce Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Quick Commerce Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Quick Commerce Market - North America
- 8.3.1. North America: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.3.2. North America: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.3.3. North America: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.3.4. Quick Commerce Market - U.S.
- 8.3.4.1. U.S.: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.3.5. Quick Commerce Market - Canada
- 8.3.5.1. Canada: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4. Quick Commerce Market - Europe
- 8.4.1. Europe: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.3. Europe: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.4. Quick Commerce Market - UK
- 8.4.4.1. UK: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.5. Quick Commerce Market - France
- 8.4.5.1. France: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.5.3. France: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.6. Quick Commerce Market - Germany
- 8.4.6.1. Germany: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.7. Quick Commerce Market - Italy
- 8.4.7.1. Italy: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.8. Quick Commerce Market - Spain
- 8.4.8.1. Spain: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.9. Quick Commerce Market - Netherlands
- 8.4.9.1. Netherlands: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.4.10. Quick Commerce Market - Russia
- 8.4.10.1. Russia: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5. Quick Commerce Market - Asia Pacific
- 8.5.1. Asia Pacific: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.4. Quick Commerce Market - China
- 8.5.4.1. China: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.4.3. China: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.5. Quick Commerce Market - India
- 8.5.5.1. India: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.5.3. India: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.6. Quick Commerce Market - Malaysia
- 8.5.6.1. Malaysia: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.7. Quick Commerce Market - Japan
- 8.5.7.1. Japan: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.8. Quick Commerce Market - Indonesia
- 8.5.8.1. Indonesia: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.5.9. Quick Commerce Market - South Korea
- 8.5.9.1. South Korea: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.6. Quick Commerce Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.6.4. Quick Commerce Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.6.5. Quick Commerce Market - UAE
- 8.6.5.1. UAE: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.6.6. Quick Commerce Market - Israel
- 8.6.6.1. Israel: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.6.7. Quick Commerce Market - South Africa
- 8.6.7.1. South Africa: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.7. Quick Commerce Market - Latin America
- 8.7.1. Latin America: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.7.4. Quick Commerce Market - Mexico
- 8.7.4.1. Mexico: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.7.5. Quick Commerce Market - Brazil
- 8.7.5.1. Brazil: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
- 8.7.6. Quick Commerce Market - Argentina
- 8.7.6.1. Argentina: Quick Commerce Market, by Product Category, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Quick Commerce Market, by Technology, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Quick Commerce Market, by Payment Mode, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Swiggy
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Dunzo
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Blink Commerce Private Limited
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Supermarket Grocery Supplies Pvt Ltd (Big Basket)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. KiranaKart Technologies Private Limited (Zepto)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Getir
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Flink
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Yemece
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Quickcommerce Ltd. (Zapp)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Delivery Hero
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Gopuff
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Maplebear Inc. (Instacart)
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Zapp
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. foodpanda
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Rappi
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development