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Brazil On-Demand Grocery Market to get doubled from 2022 to 2027F by reaching ~USD 9 billion; owning to advancement of technology, high internet penetration rate and government initiatives: Ken Research
With increasing internet penetration and usage of smartphones, more and more people have access to the services like digital payments which provided customers, easing comfort and convenience and it also increases the retention rate of customers. Along with this, the internet penetration in smaller areas will drastically increase the demand and usage of such services.
The Quick Commerce Industry has been competing on the feature of ultra-fast delivery lately, with companies providing services in the shortest period of time possible. This has brought the transition from delivery in 1-2 days to delivery on the same day to now delivering in less than 1 hour. For Instance, companies like are trying to delivery their order in less than 1 hour.
Analysts at in their latest publication- by Ken Research provides a comprehensive analysis of the potential of Quick Commerce Market in Brazil . The rapid adoption of digital tools in the daily lives of consumers has been accelerated by the pandemic and push in online shopping, the Quick Commerce market is expected to grow at a CAGR of 10.7% in between 2022P and 2027E.
The Malaysia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR of 6.0% between 2022P and 2027F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last-minute ordering and busy lifestyle.
The Saudi Arabia Quick Commerce market is at a growing stage, with ~15-20 players competing in the market, and has witnessed a significant competition in terms of emergence of various companies and is expected to grow with a CAGR in double digits between 2021 and 2026F, mainly because of the high internet penetration, emergence of dual income families, change in the consumer behavior post pandemic, increasing interest towards seamless transaction, unplanned and last minute ordering and busy lifestyle.
Quick Commerce provides the convenience of fastest possible doorstep delivery of groceries and other consumables. There has been observed a significant increase in the Top-up and Unplanned purchases, particularly in Metro and Tier I cities which is facilitating the growth of the quick commerce industry in India . The Quick Commerce Industry is currently positioned in the Early Growing Stage and is anticipated to showcase a CAGR close to 27% between FY'22 and FY'27F. Increasing Willingness of the consumers to pay premium for quick deliveries, changing shopping habits towards more frequent unplanned & top-up purchases has led to the growth of the quick commerce market in India .
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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