Quick comm captures nearly half of Kirana sales; mkt to hit $40 bn by 2030

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The story "Quick comm captures nearly half of Kirana sales; mkt to hit $40 bn by 2030" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Quick comm captures nearly half of Kirana sales; mkt to hit $40 bn by 2030 - Business Standard

Quick Summary:

As consumer preferences shift towards the convenience of last-minute grocery deliveries, quick commerce companies are outpacing traditional retailers, with 46 per cent of consumers surveyed reporting a cut in purchases from Kirana shops, a report has said.

"Nearly half (46 per cent) of respondents report reduced spending at Kirana shops, indicating a shift in customer behavior towards quick commerce platforms," it noted.

The quick commerce market size is expected to reach USD 40 billion by 2030, a jump from USD 6.1 billion in 2024, according to the report by Datum Intelligence.