Fast, Fresh, and on Demand: Trends and Forecasts in the Quick Commerce Market 2023-2030
The global quick commerce market size is projected to reach USD 323.91 billion by 2030, registering a CAGR of 22.2% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing consumer demand for delivery of household goods and groceries within 10-30 minutes in metropolitan cities is a major factor driving the market growth. The emerging business model caters to a large spectrum of product categories ranging from perishable food to electronics products. The pandemic induced a paradigm shift in consumer behavior patterns worldwide, where many consumers preferred ordering essentials online; the market witnessed a significant rise owing to the growing prevalence of online ordering, which lets the consumer order a wide variety of products without visiting a supermarket, signifying that fast delivery, convenience, enhanced customer experience, and access to a larger assortment of goods are other major factors driving the market growth. As fas...