The quick commerce market in the region has experienced robust growth during 2020-2024, achieving a CAGR of 26.2%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.2% from 2025 to 2029. By the end of 2029, the quick commerce market is projected to expand from its 2024 value of US$110.3 billion to approximately US$169.1 billion.
Key Trends and Drivers
1. Anchor quick commerce growth around super-apps and platform ecosystems- Quick commerce in the Asia-Pacific is increasingly embedded within large platform ecosystems rather than operating independently. In China, instant retail has become a major battleground between platforms like Meituan and Alibaba (Taobao Shangou / Ele.me). China’s “instant retail” market reached approximately RMB 780 billion in 2024, accounting for roughly 6% of online retail of physical goods, and continues to grow as both players push for 30-minute delivery of groceries and general merchandise.
- In India, quick commerce is led by Blinkit (within Zomato), Zepto, and Swiggy Instamart, which deliver groceries and daily essentials in 10-20 minutes from dense dark-store networks. Reuters reports that quick commerce already accounts for about two-thirds of India’s e-grocery orders and US$6-7 billion in GMV in 2024. In Southeast Asia, super-apps like Grab integrate grocery and convenience delivery services alongside mobility and payments. Grab’s on-demand verticals (including GrabMart) delivered 19% year-over-year growth in GMV in April-May 2025, underscoring how grocery/essentials are now part of a broader super-app usage habit.
- The Asia-Pacific accounts for more than half of global ecommerce revenue (approximately 57% in 2024), with China, South Korea, and rapidly growing India leading the penetration. Super-apps have a large, digitally native user base to cross-sell quick-commerce use cases. Strong mobile connectivity is foundational: the GSMA estimates that mobile technologies generated US$950 billion of economic value in the Asia-Pacific in 2024 (5.6% of GDP), with continued 5G and network investment, making app-based instant retail ubiquitous in major cities.
- Platforms are leveraging existing food-delivery and ride-hailing logistics fleets, merchant relationships, and wallets to add higher-frequency grocery missions with relatively low marginal cost. Platform-centric quick commerce is likely to intensify across China, India, and Southeast Asia, with more super-apps adding or scaling grocery/instant retail as a core vertical and expanding to second-tier cities where economics permit.
- Competitive intensity will remain high. In China, regulators are already concerned about aggressive discounting and price wars among instant-commerce platforms and have warned of deflationary risks. This suggests the need for more oversight on pricing and promotional tactics.
- Over the next 2-4 years, this trend is expected to result in a smaller set of huge ecosystem players dominating discovery, payments, and logistics for quick commerce in the region, while smaller standalone apps struggle to match their scale and cross-subsidize their operations.
- Traditional grocery and convenience retailers are building or integrating rapid-delivery capabilities into their own store and warehouse networks, rather than leaving this space entirely to platforms.
- In Australia, Woolworths has integrated the MILKRUN brand into its ecosystem; by late 2024, MILKRUN (now under Woolworths) had expanded to more than 2,500 suburbs and entered a licensing partnership with Endeavour Group’s Jimmy Brings, bringing its liquor assortment onto the same rapid-delivery platform.
- In Japan, convenience chains such as Lawson and 7-Eleven are utilizing their extensive store networks to facilitate rapid delivery. Recent corporate communications highlight Lawson’s home-delivery services, which offer thousands of SKUs and delivery in as little as 15 minutes in select areas. In contrast, Seven & i’s 7NOW service links real-time store inventory to 30-minute delivery in thousands of outlets.
- In Southeast Asia, Grab has been acquiring and partnering with supermarket chains such as Jaya Grocer in Malaysia and Everrise in East Malaysia to digitise their stores and offer on-demand grocery delivery through Grab’s app, blending retail and platform models.
- Retailers view quick commerce as both a defensive and offensive response to e-commerce penetration. Online grocery accounts for a small share of total grocery sales in many APAC markets, but it is growing rapidly and could erode in-store trips if retailers do not participate.
- Store-based fulfillment and dark stores give retailers direct control over assortment, pricing, and private-label promotion, and help them utilize existing real estate more efficiently (e.g., using off-peak store capacity for picking and delivery). Partnerships with platforms enable retailers to expand their digital reach without developing comprehensive logistics and consumer-facing apps from scratch, while still protecting their brands and supply chains.
- Expect to see more hybrid models in markets such as Japan, Australia, Singapore, Malaysia, and Indonesia, where retailers continue to utilize both their own apps and third-party platforms for instant delivery. Retailers will tighten integration between physical stores, dark stores, and online front-ends, making “order from the nearest store and deliver in under 60 minutes” a standard urban service rather than a niche offering.
- Over time, this will rebalance bargaining power away from pure platforms towards large chains, especially where grocery and convenience retailers control the majority of local supply and can negotiate preferred terms or exclusivities.
- The region is shifting from “growth at any cost” and 10-minute delivery promises towards more economically disciplined models, focusing on 20-30-minute delivery, higher average order values, and a clearer path to profitability.
- In India, a Bain/Flipkart analysis cited by Reuters shows that quick commerce already accounts for one-tenth of e-retail spending, but still faces questions over profitability, particularly beyond major metropolitan areas. Zomato’s Eternal has reported strong revenue growth driven by Blinkit, but net profit volatility underscores the investment burden of rapid store ramp-ups.
- In China, the collapse of pandemic-era community group-buying models and the pivot to instant retail demonstrate how unprofitable formats are being phased out while capital is redeployed into more scalable models. Wired reports that many group-buying platforms have shut operations as consumers switch to 30-minute delivery services.
- Governments and regulators are increasingly alert to pricing and labour practices. Chinese authorities have flagged that deep discounting and subsidies in instant retail can contribute to deflation and distort competition.
- Higher interest rates and tighter funding conditions have reduced appetite for sustained cash burn. New capital rounds, such as Zepto’s recent US$450 million fundraise at a US$7 billion valuation, are now explicitly tied to demonstrating clearer unit economics rather than pure GMV growth. As e-commerce penetration in APAC rises, online growth is shifting from new user acquisition to frequency and basket expansion. This makes profitability and operational efficiency central to investor expectations.
- Labour and urban planning concerns such as rider safety, gig worker conditions, dark store zoning, and traffic congestion are prompting more scrutiny from city governments, particularly in dense Asian metropolitan areas.
- Consolidation is likely to accelerate in markets such as India, China, Australia, and Japan, with weaker operators exiting or being acquired by larger platforms or retailers that can absorb fixed costs and negotiate better terms with suppliers. Service promises are likely to stabilize around 20-30 minute delivery or 1-hour windows, with ultra-fast 10-minute delivery reserved for dense catchments and high-value customer segments where economics support it.
- Profitability metrics, including contribution margin per order, dark-store productivity, and rider utilization, will become key focus areas for management and investors, shaping decisions on geographic expansion, category mix, and fee structures.
- Quick commerce platforms across the APAC region are expanding beyond groceries into electronics, beauty, home care, and small appliances, while simultaneously building advertising and retail-media businesses on top of their high-frequency traffic. In India, Reuters notes that Zepto now offers more than 45,000 products, including electronics and apparel, while Blinkit is increasingly used for non-grocery missions such as small devices and accessories.
- Media and industry coverage indicate that Zepto’s in-house ad engine and Blinkit’s advertising business are each tracking towards roughly ₹1,000 crore in annual ad revenues, with platforms like Blinkit, Zepto, and Instamart collectively estimated to generate ₹3,000-3,500 crore of ad revenue as brands shift their budgets into quick-commerce retail media. In China, Meituan’s instant retail business has scaled to around 120 million daily delivery orders across food and non-food services, giving it a large data and ad-product surface for merchants.
- Platforms and super-apps like Grab are also emphasizing data-driven merchant tools and AI assistants that help small merchants manage catalogs, pricing, and campaigns, turning quick commerce into an SME enablement layer as well as a consumer channel.
- Groceries and daily essentials generate high-frequency usage and rich first-party transaction data, making them ideal inputs for performance-based advertising. Media reports from India highlight that FMCG and D2C brands are allocating 15-20% of their digital ad budgets to retail-media and quick-commerce channels, drawn by stronger conversion rates and closed-loop measurement. As competition compresses product-level margins, platforms are seeking to diversify their revenue streams into higher-margin areas, such as ads, sponsored listings, subscription programs, and financial services.
- Broader ecommerce in APAC is maturing towards ecosystem plays, in which payments, logistics, media, and financial services are tightly integrated, and quick commerce is a natural high-frequency anchor within that ecosystem. Quick commerce in India, China, Southeast Asia, and developed APAC markets, such as Japan and Australia, is likely to evolve into a multi-category “instant retail” layer, where groceries remain the foundation. Still, higher-margin categories (electronics, accessories, beauty, OTC pharma, and premium beverages) grow their share of GMV.
- Advertising and retail-media revenue will become a core profit driver, with platforms acting as gatekeepers for brand visibility at the digital shelf and using granular data to sell targeted placements. This shift will deepen the interdependence between brands and quick-commerce platforms, potentially prompting scrutiny from regulators and competition authorities regarding data use and platform power.
Competitive Landscape:
Over the next 2-4 years, the competitive landscape is likely to evolve into fewer, stronger players rather than many small ones. In markets like India, consolidation will continue as weaker players exit or are absorbed, and the focus shifts from pure growth to unit economics, profitability, and retention. In Southeast Asia, given an earlier stage, we may see platforms expand beyond top metros into tier-2/3 cities, and investment will tilt towards operational efficiency, lower delivery promise ceilings (e.g., 20-30 minutes rather than 10 minutes everywhere), and new revenue streams (advertising, subscriptions). Competitive intensity will remain high, but the battle will shift from just speed to cost, differentiation, category breadth, and platform leverage. Further, regulatory and labour-cost pressures may force the exit of heavily subsidized players.Current State of the Market
- In the Asia-Pacific region, quick commerce (q-commerce) has transitioned from early experimentation to intense competitive deployment in major metropolitan areas. In India, for example, q-commerce is now described as “no longer an experiment but a core layer of consumer infrastructure”.
- Established players are scaling dark-store networks, optimising fulfilment, and expanding into new categories beyond basic groceries. Meanwhile, in Southeast Asia, the model is less advanced than in India but is gaining traction through ride-hailing / super-app platforms. The market is marked by multiple players racing to build urban fulfilment density, while dealing with cost and regulatory headwinds.
Key Players and New Entrants
- In India, the competitive front-runners include Blinkit (now part of Eternal Limited), which is estimated to hold approximately 44% of the q-commerce market in FY25. Zepto, with roughly 30%, and Swiggy Instamart, with about 23%. In Southeast Asia, super-apps are key players; for example, Grab’s GrabMart is reported to have a share of over 35% in quick-commerce in some key locales.
- New entrants and adjacent incumbents are also entering the market. Global e-commerce giants like Amazon are conducting ultra-fast grocery pilots in India and elsewhere. Thus, the competitive set is broad, including dark-store pureplays, food-delivery platforms moving into q-commerce, building retailers, and general e-commerce players experimenting.
Recent Launches, Mergers, and Acquisitions
- Significant transactions and launches are shaping the landscape. In India, Blinkit’s acquisition by Zomato (now Eternal) is a foundational consolidation. In India’s q-commerce space, acquisition-led scale is one route. At the same time, some large retailers (such as Reliance Retail) have chosen organic dark-store roll-outs rather than acquiring existing players.
- In Southeast Asia, key launches include GrabMart’s expanded fresh product campaign in Thailand and an increase in the scale of merchant partners. These moves reflect both consolidation among major players and the increasing expansion of fulfillment and merchant ecosystems.
The report offers an in-depth analysis of quick commerce, including product type, payment mode, age group, location tier, business model, and delivery time. It further categorizes the market by revenue streams (advertising, delivery fee, and subscription-based models). In addition, the analysis captures consumer demographics by age and location alongside behavioral indicators such as subscription uptake and average delivery time. Collectively, these datasets provide a comprehensive view of market size, consumer behavior, and operational efficiency within the quick commerce ecosystem.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to deliver a detailed view of market performance, structural trends, and growth dynamics across the quick commerce ecosystem, with a primary focus on both overall and instant delivery markets.
This title is a bundled offering, combining the following 14 reports, covering 1,450+ tables and 1,600+ figures:
1. Asia-Pacific Overall and Quick Commerce Market Business and Investment Opportunities Databook2. Australia Overall and Quick Commerce Market Business and Investment Opportunities Databook
3. Bangladesh Overall and Quick Commerce Market Business and Investment Opportunities Databook
4. China Overall and Quick Commerce Market Business and Investment Opportunities Databook
5. India Overall and Quick Commerce Market Business and Investment Opportunities Databook
6. Indonesia Overall and Quick Commerce Market Business and Investment Opportunities Databook
7. Japan Overall and Quick Commerce Market Business and Investment Opportunities Databook
8. Malaysia Overall and Quick Commerce Market Business and Investment Opportunities Databook
9. Philippines Overall and Quick Commerce Market Business and Investment Opportunities Databook
10. Singapore Overall and Quick Commerce Market Business and Investment Opportunities Databook
11. South Korea Overall and Quick Commerce Market Business and Investment Opportunities Databook
12. Taiwan Overall and Quick Commerce Market Business and Investment Opportunities Databook
13. Thailand Overall and Quick Commerce Market Business and Investment Opportunities Databook
14. Vietnam Overall and Quick Commerce Market Business and Investment Opportunities Databook
Report Scope
This report provides a detailed data-driven analysis of the quick commerce market focusing on the rapid delivery ecosystem and its growth trajectory. It examines key market segments, operational models, and consumer behavior shaping the evolution of instant delivery services:Quick Commerce Market Size and Growth Dynamics
- Gross Merchandise Value
- Gross Merchandise Volume
- Average Order Value
- Order Frequency per Year
Quick Commerce Market Segmentation by Product Type
- Groceries and Staples
- Fruits and Vegetables
- Snacks and Beverages
- Personal Care and Hygiene
- Pharmaceuticals and Health Products
- Home Décor
- Clothing and Accessories
- Electronics
- Others
Quick Commerce Market Segmentation by Payment Mode
- Instant Bank Transfer
- Wallets and Digital Payments
- Credit and Debit Cards
- Cash on Delivery
Quick Commerce Market Segmentation by Age Group
- Gen Z (15-25)
- Millennials (26-39)
- Gen X (40-55)
- Baby Boomers (Above 55)
Quick Commerce Market Segmentation by Location Tier
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities
Quick Commerce Market Segmentation by Business Model
- Inventory-led Model
- Hyper-local Model
- Multi-vendor Platform Model
- Others
Quick Commerce Market Segmentation by Delivery Time
- Delivery in 30 Minutes
- Delivery 30-60 Minutes
- Delivery in 3 Hours
Quick Commerce Consumer Behavior and Demographics
- Average Subscription Uptake by Age Group
- Average Subscription Uptake by Location Tier
- Average Subscription Uptake
- Average Delivery Time
Quick Commerce Revenue Structure and Composition
- Advertising Revenue
- Delivery Fee Revenue
- Subscription Revenue
Quick Commerce Operational Metrics by Product Type
- Gross Merchandise Value by Product Type
- Gross Merchandise Volume by Product Type
- Average Order Value by Product Type
- Order Frequency by Product Type
Quick Commerce Operational Metrics by Payment Mode
- Gross Merchandise Value by Payment Mode
- Gross Merchandise Volume by Payment Mode
- Average Order Value by Payment Mode
Quick Commerce Operational Metrics by Age Group
- Gross Merchandise Value by Age Group
- Gross Merchandise Volume by Age Group
- Average Order Value by Age Group
Quick Commerce Operational Metrics by Location Tier
- Gross Merchandise Value by Location Tier
- Gross Merchandise Volume by Location Tier
- Average Order Value by Location Tier
- Order Frequency by Location Tier
Quick Commerce Operational Metrics by Business Model
- Gross Merchandise Value by Business Model
- Gross Merchandise Volume by Business Model
- Average Order Value by Business Model
Quick Commerce Operational Metrics by Delivery Time
- Gross Merchandise Value by Delivery Time
- Gross Merchandise Volume by Delivery Time
- Average Order Value by Delivery Time
- Order Frequency by Delivery Time
Reasons to buy
- Comprehensive Market Intelligence: Gain a holistic understanding of the overall quick commerce with detailed operational metrics such as gross merchandise value, gross merchandise volume, average order value, and order frequency across key product categories.
- Granular Segmentation and Cross-Analysis: Explore the fast-growing quick commerce ecosystem through detailed segmentation by product type, payment mode, age group, location tier, business model, and delivery time, providing data into evolving consumer behavior and purchasing dynamics.
- Consumer Behavior and Ecosystem Readiness: Understand how demographics and payment method adoption are shaping consumer preferences and driving the expansion of instant delivery services in both urban and semi-urban markets.
- Data-Driven Forecasts and KPI Tracking: Access a comprehensive dataset of 100+ key performance indicators (KPIs) with historical and forecast data through 2029, offering visibility into growth drivers, market trends, and investment opportunities across the quick commerce sector.
- Decision-Ready Databook Format: Presented in a structured, data-centric format compatible with analytical and financial modeling, the Databook enables quick commerce companies, retailers, investors, and logistics partners to make informed, evidence-based strategic decisions.
Table of Contents
2. Australia Overall and Quick Commerce Market Business and Investment Opportunities Databook
3. Bangladesh Overall and Quick Commerce Market Business and Investment Opportunities Databook
4. China Overall and Quick Commerce Market Business and Investment Opportunities Databook
5. India Overall and Quick Commerce Market Business and Investment Opportunities Databook
6. Indonesia Overall and Quick Commerce Market Business and Investment Opportunities Databook
7. Japan Overall and Quick Commerce Market Business and Investment Opportunities Databook
8. Malaysia Overall and Quick Commerce Market Business and Investment Opportunities Databook
9. Philippines Overall and Quick Commerce Market Business and Investment Opportunities Databook
10. Singapore Overall and Quick Commerce Market Business and Investment Opportunities Databook
11. South Korea Overall and Quick Commerce Market Business and Investment Opportunities Databook
12. Taiwan Overall and Quick Commerce Market Business and Investment Opportunities Databook
13. Thailand Overall and Quick Commerce Market Business and Investment Opportunities Databook
14. Vietnam Overall and Quick Commerce Market Business and Investment Opportunities Databook
All global, regional, and country reports mentioned above will have the following tables of contents:
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 1960 |
| Published | February 2026 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 123.2 Billion |
| Forecasted Market Value ( USD | $ 169.1 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Asia Pacific |


