India Quick Commerce Market Insights:
According to MarkNtel Advisors, 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.
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India Quick Commerce Market Definition:
Quick Commerce (Q-Commerce) is the next generation of e-commerce that brings small quantities of goods to customers instantly, whenever & wherever required by covering companies that provide speedy deliveries of daily items. The major factors contributing to the growth of the Quick Commerce market include changing lifestyles, growing urbanization, shifting consumer behavior, and rising consciousness towards the spread of viruses & other infections, thereby escalating the market share of Quick Commerce in recent years.
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Possible Restraint: Lack of Real-time Visibility on Retailer’s In-store Inventory to Hinder the Market Growth
As the quick commerce retail space is booming drastically, it also found a gap between third-party retailers & vertically integrated instant-need companies. These instant delivery companies do not have accurate & real-time visibility into their retailer’s in-store inventory. Consequently, the customers witnessed out-of-stock problems on most of the food & other grocery items at the time of purchase on the delivery application, hence acts as a challenge for the growth of quick commerce in the Indian market.
India Quick Commerce Market Segmentation:
-By Product Type
- Grocery
- Snacks & Beverages
- Bath & Beauty
- Baby Essentials
- Home Care
- Others (Pets, Office Supplies, Healthcare, Alcohol, etc.)
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India Quick Commerce Market Geographically Analysis:
-By Region
- North
- East
- West
- South
India Quick Commerce Leading Companies:
- Swiggy Instamart
- Zepto
- Blinkit
- Dunzo Daily
- Ola Dash
- BB Now
- Flipkart Quick
- Amazon Fresh Store
- JioMart Express
- ZopNow
- Others
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