Market Definition and Overview
Global quick commerce market size and share is currently valued at USD 4.02 billion in 2023 and is anticipated to generate an estimated revenue of USD 11.67 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2023 - 2032
The quick commerce market refers to a new era of digital retail where goods, particularly groceries, daily essentials, and fast-moving consumer products, are delivered to customers in as little as 10–30 minutes. Unlike traditional e-commerce models, which focus on scheduled or next-day delivery, quick commerce leverages on-demand delivery solutions, advanced last-mile logistics, and strategically located micro-fulfillment centers to meet the growing needs of urban consumers.
This model has gained rapid traction across the globe, especially in densely populated metropolitan areas where convenience and speed are top priorities. Quick commerce has emerged as a disruptive force in retail, blending digital platforms with hyperlocal supply chains to redefine how products are purchased and consumed.
Key Market Growth Drivers
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Shifting Consumer Lifestyles
Modern urban consumers demand convenience, immediacy, and flexibility. With busy schedules and increased reliance on digital solutions, customers are increasingly opting for platforms that provide near-instant deliveries of groceries, medicines, and other essentials. -
Advances in Last-Mile Logistics
The growth of efficient last-mile logistics infrastructure has enabled quick commerce players to fulfill orders at unprecedented speeds. Partnerships with delivery riders, electric vehicles, and route optimization technologies are central to this success. -
Proliferation of Smartphones and Internet Connectivity
The widespread use of smartphones and high-speed internet makes it easier for consumers to access apps and place orders, fueling rapid adoption of quick commerce solutions. -
Rise of Micro-Fulfillment Centers
By setting up micro-fulfillment centers close to residential clusters, quick commerce companies minimize delivery times while maintaining inventory efficiency. This infrastructure innovation has become a backbone of the industry. -
Increased Investment in Digital Retail Startups
Venture capital and corporate funding in the quick commerce sector have accelerated the expansion of platforms into new geographies and verticals. -
Pandemic-Driven Adoption
The COVID-19 pandemic significantly accelerated the adoption of on-demand delivery, as consumers sought contactless shopping options for groceries and essentials.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.polarismarketresearch.com/industry-analysis/quick-commerce-market
Market Opportunities
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Expansion into Tier-2 and Tier-3 Cities
While quick commerce currently thrives in large metropolitan hubs, expansion into smaller cities presents untapped growth opportunities. Rising digital penetration in these markets makes them attractive for future investments. -
Diversification of Product Categories
Beyond groceries and essentials, quick commerce platforms can expand into categories like electronics, apparel, and healthcare products, broadening their customer base. -
Integration with Artificial Intelligence
AI-powered demand forecasting, route optimization, and inventory management will further enhance operational efficiency, reducing costs and increasing speed. -
Sustainable and Green Logistics
With growing focus on sustainability, incorporating electric vehicles, reusable packaging, and eco-friendly operations will create competitive advantages. -
Partnerships with Local Retailers
Collaborating with neighborhood stores allows platforms to expand product availability while strengthening ties to local communities. -
Personalized Shopping Experiences
Using data analytics, platforms can tailor product recommendations and promotions, enhancing user engagement and loyalty.
Regional Analysis
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North America
The U.S. and Canada are witnessing rapid adoption of quick commerce, particularly in urban centers like New York, Los Angeles, and Toronto. With strong digital infrastructure and rising consumer preference for on-demand delivery, the region remains a key growth hub. -
Europe
Europe has emerged as a major quick commerce market, with countries like Germany, the UK, and France leading the trend. Companies in this region are investing heavily in last-mile logistics and micro-fulfillment centers to maintain competitive delivery speeds. -
Asia-Pacific
Asia-Pacific is the fastest-growing region, driven by densely populated cities, rising middle-class incomes, and high digital adoption rates. Markets like India, China, and Japan are at the forefront, with quick commerce becoming a daily necessity for urban consumers. -
Latin America
In countries such as Brazil and Mexico, quick commerce is gaining traction, fueled by young populations and strong smartphone penetration. Localized delivery models and partnerships with small businesses are driving growth. -
Middle East & Africa
The region is an emerging market for quick commerce, with high adoption in the UAE and Saudi Arabia due to digitally savvy populations and government initiatives supporting smart cities. Africa is beginning to see opportunities in urban hubs like Lagos and Nairobi.
Key Companies in the Quick Commerce Market
The market is highly competitive, with established global players and local startups vying for dominance. Leading companies include:
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Gorillas Technologies GmbH
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Flink SE
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Getir
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Zapp
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GoPuff
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Instacart
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DoorDash Inc.
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Uber Eats
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Deliveroo
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JOKR
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BigBasket (Tata Group)
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Zepto
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Swiggy Instamart
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Dunzo
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Rappi
These companies leverage last-mile logistics, advanced mobile apps, and strategically placed micro-fulfillment centers to ensure fast and reliable service. Many are expanding through acquisitions, partnerships with supermarkets, and integration of AI-driven delivery models.
Conclusion
The quick commerce market is revolutionizing retail by redefining how products reach customers. With the rise of on-demand delivery, innovations in last-mile logistics, and the strategic deployment of micro-fulfillment centers, the industry is well-positioned for sustained growth.
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