The global Europe Quick E-Commerce (Quick Commerce) Market is estimated to be valued at US$ 4.85 billion in 2022 and is expected to exhibit a CAGR of 38.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Quick commerce involves delivery of groceries and daily essential items within 10-30 minutes of order placement. This is revolutionizing online shopping by offering delivery at lightning speed. It is solving the challenge of last mile delivery in an efficient and affordable manner. Market key trends: One of the major trends driving the Europe quick commerce market is the growing preference of customers for instant and hassle-free delivery of daily essential items. With busy lifestyles and less time for shopping, there is increasing demand for quick commerce services that can deliver purchases within minutes. This has compelled traditional retailers to enter quick commerce and strengthen their supply chains to offer super-fast delivery. Here is the segment analysis and key takeaways for the given Europe Quick E-commerce market research report: Segment Analysis The Europe Quick E-commerce market is segmented by product type into fresh food, pharmaceuticals, and convenience goods. The fresh food segment dominated the market in 2023 with a share of around 35%, as quick commerce platforms have enabled easy supply and fast delivery of fresh food items like fruits, vegetables, bread and dairy products within 10-20 minutes. The fresh food segment is expected to continue its dominance over the forecast period, owing to rising health consciousness among consumers and growing demand for ready-to-cook and ready-to-eat fresh food options. Key Takeaways The Europe Quick E-Commerce (Quick Commerce) Market Size Share was valued at US$ 4.85 billion in 2023. It is expected to grow at a compound annual growth rate (CAGR) of 38.5% during the forecast period of 2023-2030. This high growth can be attributed to increasing preference of consumers for instant gratification and convenience offered by quick commerce platforms. In terms of regions, Western Europe dominated the Europe Quick E-commerce market with around 45% share in 2023 due to high smartphone and internet penetration in countries like Germany, UK, France and Spain. The region is projected to continue its lead in the coming years as well owing to proliferating quick commerce startups in this region. Key players operating in the Europe Quick E-commerce market are Getir, Gorillas, Gopuff, Just Eat Takeaway, Delivery Hero, Jokr, Flink, Zapp, Uber Eats, Wolt, Bolt, and Deliveroo. Among them, Turkish startups Getir and Gorillas accounted for over 20% market share in 2023 as they were early entrants and have established wide fulfillment networks across major European cities. However, all players are investing heavily in expanding rapidly to new geographies for gaining higher market share over the forecast period. Read More, https://www.insightprobing.com/europe-quick-e-commerce-market-trends-size-and-share-analysis/
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