India Quick Commerce Market Size, Share, Analysis with a CAGR of 67% (2023-28)

India Quick Commerce Market Overview:

MarkNtel Advisors has recently published a detailed research report on the India Quick Commerce Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

India Quick Commerce Market Insights and Analysis

The India Quick Commerce market is projected to grow at a CAGR of around 67% during the forecast period, 2023-28. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

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Insights into Dominant Segments in the India Quick Commerce Market

By analysing each Segments, including

-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.

The rising need for day-to-day essentials among the aging population, housewives, children, and especially the working-class consumers, etc., has accelerated the demand for instant delivery options, thereby inclining the market for quick commerce service on a large scale. Moreover, the growing need of consumers for other products such as apparel, healthcare, home care, etc., are also being included by the quick commerce companies to expand their product portfolios.

Hence, the availability of a wide range of products, including groceries, snacks & beverages, and other essentials, the Quick commerce platform is expected to attract customers, subsequently assisting to propagate the demand for Quick commerce services in the near future.

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/india-quick-commerce-market.html

India Quick Commerce Market Geographical Reach:

The India Quick Commerce Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Regions

North
East
West
South

clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the India Quick Commerce market.

Current Landscape of India Quick Commerce Market

The key players profiled in the research report are

Swiggy Instamart
Zepto
Blinkit
Dunzo Daily
Ola Dash
BB Now
Flipkart Quick
Amazon Fresh Store
JioMart Express
ZopNow
Others

In light of the ongoing rapid transformations within the India Quick Commerce market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

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Recent Developments by the Leading Companies

In 2021, Blinkit has announced to set up 300 partner stores to enable its 10 minutes, grocery delivery in areas where it was not able to deliver the day-to-day essentials in 10 minutes.

In2021, Swiggy announced to invest around USD700 million in express grocery delivery service Instamart so as to intensify the competition in the fast-moving quick commerce space in India.

India Quick Commerce Market Future Prospects

The outlook for India Quick Commerce appears favourable in terms of both revenue share and sales, as evidenced by the market trends observed in the historical period, 2067-30. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market’s attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

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