MENA qCommerce To Reach $47 Billion by 2030: Redseer

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The MENA qCommerce (on-demand or rapid delivery) model is set to reach $47 billion by 2030, growing at 17 per cent CAGR, according to a research report from Redseer.

While the market is still predominantly driven by food delivery and grocery, the market split is drastically evolving.

Nascent retail categories such as fashion and beauty are witnessing the fastest growth and are slowly catching up, the report said.

Also Read: How Retailers Can Drive Multi-brand Loyalty

The $47 billion market can easily grow multi-fold when accounting for adjacent sectors to qCommerce that already have great synergy with this model.

According to the research report, sectors such as last mile delivery, mobility and social commerce are front runners in terms of the expected market size and could be exploited for their synergies with the market.

Combining qCommerce with sectors that already have the necessary digital infrastructure and consumer awareness in the MENA region expands the market potential for quick commerce to encompass a $100 billion opportunity, the report said.