YallaHub Research Unveils UAE's Online Shopping Explosion
In 2023, a notable surge was observed in the online home and laundry care products segment, with consumers readily embracing these purchases.
In a report by YallaHub, a quick-commerce (QC) platform, the UAE's e-commerce landscape is set to skyrocket, with an eye-popping projection of $17 billion by 2025. This surge is propelled by escalating internet connectivity, ubiquitous smartphone usage, and the burgeoning appetite for hassle-free and speedy online shopping experiences, as per an emailed press release to Inc. Arabia.
Forecasts indicate a surge in the market, with revenues estimated to hit $9 billion by 2024, boasting a market penetration of 66.1% and a compound annual growth rate (CAGR) of 6.54% from 2024 to 2028. The rapid emergence of quick commerce is anticipated to further catalyze the overall market expansion, with projections reaching $162 million by 2024.
In 2023, a notable surge was observed in the online home and laundry care products segment, with consumers readily embracing these purchases via e-commerce platforms.
The home and laundry care sectors are expected to witness revenue scaling to $75.66 million by 2024, accompanied by an uptick in market penetration to 7.3% in 2024 and 8.2% by the close of 2028. The user base is projected to hit 0.8 million by 2028.
Similarly, robust growth is on the horizon for the e-commerce market in tissue and hygiene care products, slated to reach $19.41 million by the conclusion of 2024. The user base is anticipated to burgeon to 1.6 million individuals by 2028, exhibiting a commendable CAGR of 11.41% during the period from 2024 to 2028.