Dublin, April 30, 2026 (GLOBE NEWSWIRE) — The “Latin America Quick Commerce Market Size & Forecast by Value and Volume Across 100+ KPIs by Product Type, Payment Mode, Age Group, Location, Business Model, and Delivery Time – Databook Q1 2026 Update” report has been added to ResearchAndMarkets.com’s offering.
The quick commerce market in Latin America region is expected to grow by 9.1% annually, reaching US$07.2 billion by 2025. The quick commerce market in the region has experienced robust growth during 2020-2024, achieving a CAGR of 8.4%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 8.8% from 2025 to 2029. By the end of 2029, the quick commerce market is projected to expand from its 2024 value of US$06.6 billion to approximately US$10.1 billion.
Over the next 2-4 years, quick commerce in Brazil, Mexico, Colombia, and Chile is likely to be defined less by “meal delivery” and more by mission types, such as urgent medicine, top-up groceries, missing ingredients, small electronics, or pet products. Players that can manage cold chain, substitutions and on-shelf accuracy will strengthen their position with supermarkets and pharmacies. Fast next-day delivery from Mercado Libre and others will sit alongside sub-30-minute services from Rappi, iFood and Uber, giving consumers multiple speed-price trade-offs for similar baskets.
Current State of the Market
- The quick commerce segment in Latin America is evolving rapidly but remains concentrated among a few major players in major markets such as Brazil, Mexico and Colombia. Platforms that began in food delivery are extending into grocery, pharmacy and convenience goods.
- Logistics and last-mile costs remain high, and consumer expectations for sub-hour or same-day fulfilment are intensifying. Urban population density, mobile penetration and growth in digital payments enable this shift, but operational complexity and cost pressure persist.
Key Players and New Entrants
- Among the incumbent players, Rappi (Colombia-founded) operates across nine Latin American countries with its Turbo offering for very fast delivery. iFood (Brazil) maintains a leading share in food delivery in Brazil and is leveraging its infrastructure into adjacent quick commerce missions.
- Mercado Libre (with Mercado Pago and Mercado Envios) is expanding logistics and payments infrastructure in Brazil and Mexico, strengthening its readiness for quick-commerce scale. On the entrant side, global players such as Amazon are committing regional investments, while Chinese platform models (for example, via “low-cost” catalogue sellers) are increasing competitive intensity.
Recent Launches, Mergers, and Acquisitions
- In May 2025, Uber and iFood announced a strategic partnership in Brazil: iFood users will access Uber ride-hailing services directly within the iFood app, and Uber users will gain access to iFood’s food, grocery, and pharmacy delivery services within the Uber app.
- In September 2025, Amazon invested $ 25 million in Rappi via a convertible note, positioning itself for quick-commerce scale and broader logistics synergies. These moves reflect consolidation, alliance building and platform-ecosystem integration rather than hundreds of independent dark-store start-ups.
Key Trends & Drivers
- Embed quick commerce inside super-apps and fintech ecosystems
- Reconfigure quick commerce around partnerships and consolidation
- Broaden quick-commerce missions beyond meals into grocery, pharmacy and everyday retail
- Adjust quick commerce to tighter regulation, tax and labour rules while using AI and credit to improve economics
A Bundled Offering, Combining the Following 6 Reports, Covering 600+ Tables and 700+ Figures
- Latin America Overall and Quick Commerce Market Business and Investment Opportunities Databook
- Argentina Overall and Quick Commerce Market Business and Investment Opportunities Databook
- Brazil Overall and Quick Commerce Market Business and Investment Opportunities Databook
- Chile Overall and Quick Commerce Market Business and Investment Opportunities Databook
- Colombia Overall and Quick Commerce Market Business and Investment Opportunities Databook
- Mexico Overall and Quick Commerce Market Business and Investment Opportunities Databook
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 840 |
| Forecast Period | 2025 – 2029 |
| Estimated Market Value (USD) in 2025 | $7.2 Billion |
| Forecasted Market Value (USD) by 2029 | $10.1 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Latin America |
Report Scope for Each Report
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 Decor
- 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
For more information about this report visit https://www.researchandmarkets.com/r/uqdlh1
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- Latin American Quick Commerce Market
