Quick Commerce Market Size, Trend | Forecast Report [2033]

QUICK COMMERCE MARKET OVERVIEW

The global Quick Commerce Market size was valued approximately USD 5.34 Billion in 2024 and will touch USD 21.51 Billion by 2033, growing at a compound annual growth rate (CAGR) of 16.73% from 2024 to 2033.

Quick commerce, or Q-commerce, is super-fast delivery, like within an hour or even half an hour. It's like super-speedy online shopping for everyday stuff like groceries and snacks. It uses small, local warehouses and high-tech logistics to meet people's need for speed. In cities, where everyone wants convenience, Q-commerce is becoming really popular.

COVID-19 IMPACT

“Surge in Demand for Fast Delivery Services”

COVID made everyone buy online more, especially groceries. With lockdowns, quick shopping online, or Q-commerce, helped people shop safely. Fast, no-touch deliveries became a must, so businesses had to step up. One-hour or even 30-minute deliveries got super popular in cities loving speed. This demand skyrocketed Q-commerce, making it big in shopping now.

LATEST TREND

”Integration of Technology and AI for Efficient Operations”

Tech is key to quick commerce's growth. Companies use AI for inventory management, predicting trends, and finding the fastest delivery routes. AI guesses what people will buy, keeps the right amount of stock, and speeds up deliveries. Chatbots and automated customer service are also popular, making things smoother and improving how people shop.

QUICK COMMERCE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Application Based Operation, Website Based Operation and Hybrid Operation.

Application-Based Operation: In application-based quick commerce, you shop through mobile apps. You can look at products, order, and see where your delivery is, all in one app made for fast shopping. These apps are quick and easy to use, so they're a hit with busy people. This app-based way is really popular in cities. Having everything on your phone is so convenient, which is why it's growing fast. With more people shopping on their phones and having smartphones, this model works great. But, it needs good app features, a smooth user experience, and good delivery networks to succeed. Brands like Instacart and DoorDash use this model to deliver lots of different stuff fast.
Website-Based Operation: With website-based fast commerce, people shop online through a dedicated website. These websites are designed for fast shopping and fast shipping, with a large selection of products. While it's not as popular as using an app, it's still growing. Some people prefer to shop on a computer or don't want an app, so this works well for them. Larger stores that have a website usually do this. The hard part is making sure it's still fast and easy, so companies are constantly improving their websites to make checkout faster.
Hybrid Operation: The hybrid model combines both apps and websites, giving customers the option to shop on either platform. This offers more flexibility, making it easier for businesses to reach a wider audience. It works well for companies that want to appeal to customers using different devices. To succeed, companies need to make sure both the app and website offer a smooth, consistent shopping experience with the same products, prices, and delivery times. This flexibility is why the hybrid model is becoming more popular.

By Application

Based on application, the global market can be categorized into Apparel, Pharmaceuticals, Food & Beverages, Personal Care and Others.

Apparel: In the fast trade of clothing, shoes and accessories, people can get them quickly, either on the same day or the next day. Young fashion lovers want this convenience, so this service is growing rapidly. The ability to deliver popular items quickly makes this field truly competitive. However, keeping track of inventory and delivering quickly is a big obstacle.
Pharmaceuticals: Quick commerce for meds includes fast delivery of OTC drugs, prescriptions, and health stuff. People want meds fast, especially in emergencies or for regular needs. This area is growing because people need health products and services more, and quick delivery is key. But, rules and needing good delivery services can slow it down.
Food & Beverages：Food and Beverages are a big part of quick commerce. People love getting groceries, meal kits, and fast food delivered fast. This market is growing fast because people want things quick and easy. Fresh food, ready-to-eat meals, and drinks delivered in a flash are in high demand, thanks to busy lives and online ordering. But, keeping fresh stuff fresh during fast delivery is tough.
Personal Care: In quick commerce for personal care, people get stuff like skincare, toiletries, makeup, and grooming items fast. This area is growing because people like having health and beauty products right away. But, competition is heating up, so businesses need to have lots of products and reliable delivery to do well.
Others: This category covers a lot of different stuff like electronics, home items, and pet supplies. More people are buying these things online for quick needs. But, it's harder to manage delivery and inventory for these types of products. They need better systems to get things there fast and reliably. The market is growing, but all the different products and what people expect make it tough.

MARKET DYNAMICS

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

Driving Factors

”Consumer Demand for Convenience and Speed”

As consumers increasingly value time-saving solutions, the need for faster deliveries has never been higher. With busy lifestyles, many people are opting for services that provide on-demand or same-day delivery, making quick commerce an attractive option. This demand is pushing companies to invest in logistics and technology to shorten delivery times and meet consumer expectations. The faster and more reliable the service, the more consumers are willing to pay a premium for these quick solutions.

Restraining Factor

”High Operational and Logistics Costs”

Quick commerce relies on fast, efficient delivery systems, which often require significant investment in inventory management, warehouses, and transportation infrastructure. These high costs can be a barrier for smaller businesses or those looking to scale quickly. Additionally, ensuring that deliveries are made in hours or within the same day requires a robust logistical network, which can drive up expenses. These costs can eat into profit margins and make it difficult for companies to maintain a sustainable business model without passing on the higher costs to consumers.

Opportunity

”Expansion of Urban Consumer Base”

As cities get bigger around the world, quick commerce has a big chance to grow. Urban areas are crowded, and people there are always busy, wanting things to be easy. Quick commerce gives them same-day or even hourly delivery for lots of stuff. With more people working long hours and shopping online, quick commerce can do well by serving urban customers faster and more conveniently. As cities keep growing, the need for on-demand services will probably go up, giving quick commerce businesses a chance to keep growing for a long time.

Challenge

”Intense Competition and Price Wars”

The quick commerce market is super competitive. Big e-commerce companies, local stores, and new players all fight for customers, often leading to price wars that cut into profits. People now expect lower prices, thanks to subscriptions and promotions. This makes businesses have to keep innovating, offering discounts, and spending a lot on marketing to be different. But always lowering prices can make it hard to stay financially healthy, especially with fast delivery costs and needing good ways to get new customers. Standing out in this busy market is tough for quick commerce businesses.

QUICK COMMERCE MARKET REGIONAL INSIGHTS

North America

North America's quick commerce market is booming, especially in big cities where people expect fast delivery of groceries, apparel, and personal care products. With a tech-savvy population and high demand for convenience, services like food delivery apps and online grocery stores are thriving. The competition is fierce, with major players offering same-day or even one-hour delivery. Consumers are leaning toward convenience, but high delivery costs and logistical challenges are still a hurdle for many businesses trying to expand.

Europe

In Europe, quick commerce is growing super fast, especially in big cities like London, Paris, and Berlin. People are loving the fast delivery of food, groceries, and even meds because they want more convenience. The European market is kind of special because there are different rules and regulations everywhere, which can make it tough for businesses to expand. Plus, there's a big focus on being eco-friendly, and lots of consumers are picking services that care about the environment. But, finding the right balance between fast delivery and caring for the planet is still a hurdle for many companies.

Asia

Asia's quick commerce market is growing quickly because of urbanization and a young, tech-loving population. China and India, for example, are seeing a big rise in people wanting instant delivery of everything from food to electronics. In cities, same-day delivery is now the norm, and people want fast, easy shopping. But companies face challenges like different consumer habits, logistical problems, and price sensitivity when trying to expand in the region. Still, the market is expected to keep growing as online shopping becomes more part of everyday life.

KEY INDUSTRY PLAYERS

”Race for Speed, Variety, and Tech Innovation”

The quick commerce market is highly competitive, with numerous players vying for market share. Companies compete by offering faster delivery times, a wide range of products, and better customer service. Some focus on specific sectors like food delivery, while others cater to a broader range of consumer needs, including groceries and personal care. Price sensitivity is a key factor, with consumers often comparing costs across platforms. As demand for fast and convenient services grows, companies are also investing heavily in technology and logistics to stay ahead of the competition.

List of Top Quick Commerce Market Companies

Gorillas Technologies GmbH
Flink SE
Getir
Zapp Ltd.
Swiggy

KEY INDUSTRY DEVELOPMENTS

In February 2023, Zomato launched its quick commerce platform named Zomato Instant. Through this new platform, the company is aiming to expand its business operations and product portfolio.

In December 2024, Amazon started its quick commerce platforms to begin 15-minute deliveries in India. Through this new platform Amazon is aiming to expand its product portfolio and business operations across India.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The quick commerce market is growing fast because people want stuff delivered quick. This is mainly because people like convenience and shopping online more. Companies that deliver groceries, personal care stuff, and other essentials in minutes are popular in cities. With smartphones and apps, people expect to get things right away, making the market grow quickly.

Looking forward, the quick commerce market will keep growing because of new technology and how people shop now. As more companies compete, they'll come up with better delivery ways, improved logistics, and use AI and automation more. Building more stuff in cities and people wanting eco-friendly deliveries will help it grow too. Since people love speed and convenience, the market will change and offer more products and services to make customers happy.