India Quick Commerce Market Crosses, envisions 67% CAGR Surge Up to 2028
Market Insights & Analysis: India Quick Commerce Market (2023-28)
Projected Growth: The India Quick Commerce Market is projected to grow at a CAGR of around 67% during the forecast period, i.e., 2023-28.
In-Depth Overview of the India Quick Commerce Market
Utilizing both primary and secondary research methodologies, the India Quick Commerce Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Key Driver: Growing Need for Instant Delivery to Drive the Market
Quick commerce is emerging as one of the fastest-growing e-commerce platforms serving the need for convenience & speedy delivery among customers. The instant delivery service, i.e., 10-30 minutes for unplanned orders, is attracting mid to high-level income customers to replace their conventional way of purchasing groceries with an instant delivery platform.
Moreover, the pandemic led consumers to change their purchasing behavior & increased the inclination of the population toward the online platform, giving more importance to speed & comfort. Therefore, all these factors are driving the growth of quick commerce to expand among different segments & cities of India.
India Quick Commerce Market Segmentation
By Product Type
-Grocery
-Snacks & Beverages
-Bath & Beauty
-Baby Essentials
-Home Care
-Others (Pets, Office Supplies, Healthcare, Alcohol, etc.)
- Of them, Snacks & Beverages has been holding a significant share in the India Quick Commerce (Q-commerce) market since 2020, in line with the growing consumption of carbonated drinks, juices, baked biscuits, fried potato chips, etc., among the working professionals, youth, and other age groups.
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Leading Companies in the India Quick Commerce Market
The report features major players including:
Swiggy Instamart, Zepto, Blinkit, Dunzo Daily, Ola Dash, BB Now, Flipkart Quick, Amazon Fresh Store, JioMart Express, ZopNow, Others
Regional Analysis
The report covers a comprehensive analysis of the India Quick Commerce Market across various regions:
- North
- East
- West
- South
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Essential Questions Addressed in the India Quick Commerce Market Report
- Who are the major players in the India Quick Commerce Market?
- Which region presents the most potential for the India Quick Commerce Market?
- Which application area of the India Quick Commerce Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the India Quick Commerce Market by the end of the forecast period?
- What are the growth prospects for the India Quick Commerce Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the India Quick Commerce Market?
- What factors are expected to drive the growth of the India Quick Commerce Market?
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