The Global Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 44.81 Bn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period from 2024 to 2030. Quick commerce refers to delivering groceries and other daily essentials to customers within a few minutes or an hour. Quick e-commerce companies work on hyperlocal logistics networks that rely on new technologies to crowdsource delivery executives who pick up and deliver goods from local dark stores within a small radius. This phenomenon has gained huge popularity among consumers looking for instant delivery of goods in metropolitan areas. The quick delivery of goods has proved very helpful for consumers in need of items on-demand and in a rush.

Key Takeaways

Key players operating in the Global Quick E-Commerce (Quick Commerce) Market are Shire Plc., CSL Limited, Octapharma AG, LFB S.A., Biotest AG, Grifols, S.A., SK Plasma Co., Ltd., Baxter International Inc., Green Cross Corporation, and Fusion Health Care Pvt. Ltd., among others. These players are focusing on expanding their operational and geographical footprint to leverage profitable growth opportunities.

The Global Quick Commerce Market Share offers substantial opportunities for new entrants and existing players to establish hyperlocal facilities and leverage the platform to provide customers with an assortment of products. The growing customer demand for seamless delivery experience within minutes will further stimulate market growth over the forecast period.

Global players are expanding their quick commerce operations internationally through partnerships with regional players. For instance, Gorillas recently partnered with Migros to launch quick commerce operations across Switzerland. Goreengo also launched international operations in Portugal. The growing global acceptance of quick commerce is encouraging market leaders to strengthen their global presence.

Market Drivers
Rising popularity of online grocery shopping: The increased adoption of online shopping platforms during the pandemic has led to continued demand for quick grocery deliveries. More customers now opt for contactless delivery of essential items.

Urbanization and busy lifestyles: Nuclear families and double-income households in metro areas have little time for grocery trips, driving uptake of instant deliveries through quick commerce platforms.

Market Restraints
High operating costs: Setting up local stores (dark stores) and maintaining efficient delivery systems entail huge capital investments and operating expenses. This poses challenges, especially in the initial years.

Underdeveloped infrastructure in smaller cities: The success of quick commerce highly depends on the density of dark stores, availability of delivery staff, and reliable transport systems - constraints in lower-tier cities hamper expansion.

Segment Analysis
The global quick e-commerce (quick commerce) market has multiple sub-segments. The grocery delivery segment dominates the market as consumers increasingly rely on quick delivery of daily essentials and groceries. In this segment, demand and deliver of food products and beverages occurs within 60 minutes, fuelling the growth of this sub-segment.

The global quick e-commerce (quick commerce) market has multiple sub-segments. The pharmacy and medical supplies delivery segment is also growing at a fast pace. In this segment, demand and delivery of medicines and medical supplies occurs within 60 minutes. This is beneficial for consumers needing urgent medical products.

Global Analysis
Regionally, Asia Pacific dominates the global quick e-commerce (quick commerce) market and is expected to continue its dominance over the forecast period. Countries like India and China have adopted quick commerce models rapidly, aided by growing smartphone adoption. The region witnesses high mobile commerce traffic and demand for instant delivery of products. Europe is also expanding as a key market, led by countries like the UK, Germany, and France where quick delivery services are gaining popularity. North America will also emerge as a major regional market over the coming years.

For more insights, Read- Global Quick E-Commerce (Quick Commerce) Market