India Quick Commerce Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled India Quick Commerce Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing India Quick Commerce market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
India Quick Commerce Reports Highlights
What is the size of the India Quick Commerce Market?
The India Quick Commerce Market is projected to grow at a CAGR of around 67% during the forecast period, i.e., 2023-28. In India, the Quick Commerce market has shown significant growth, as it provides a faster shopping experience than any other e-commerce platform. The factors contributing to the high adoption of the Quick Commerce platform are its fast speed & convenient delivery options enabling customers to purchase day-to-day essentials through the quick commerce platform.
What do the growth prospects and trends look like in the India Quick Commerce Industry?
The adoption of quick commerce caters to accomplishing the instant delivery needs ranging from 10 to 30 minutes of order fulfillment time. Many Q-commerce start-ups, such as Swiggy, Zepto, Blinkit, BB Now, etc., have entered the instant delivery ecosystem to expand their customer base. These start-ups are rapidly attracting investments, which would help them to penetrate the Indian quick commerce market. In 2021, Swiggy announced its plan to invest around USD700 million into Instamart.
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What Components are encompassed within India Quick Commerce Market segmentation?
The report has divided the market into the following segments:
By Product Type
-Grocery
-Snacks & Beverages
-Bath & Beauty
-Baby Essentials
-Home Care
-Others (Pets, Office Supplies, Healthcare, Alcohol, etc.)
By Regions
-North
-East
-West
-South.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Swiggy Instamart
-Zepto
-Blinkit
-Dunzo Daily
-Ola Dash
-BB Now
-Flipkart Quick
-Amazon Fresh Store
-JioMart Express
-ZopNow
-Others.
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