The UAE’s e-commerce market has witnessed immense growth, signifying that brands adapting to evolving consumer preferences and embracing innovative solutions will thrive in the sector.

Quick commerce, a rapidly emerging segment, is anticipated to reach $162 million by 2024, according to a new report by YallaHub.

The study also predicts that the country’s e-commerce market will reach $17 billion by 2025, attributed to the rise in internet usage, smartphone adoption, and a growing preference for convenient and fast online shopping experiences.

About 90% of sellers said they will offer the Buy Now, Pay Later (BNPL) option as the payment method becomes increasingly popular. 

The metaverse e-commerce segment will also experience a boom, with a projected growth of 37% from 2024 to 2030.

Toys, DIY, hobbies, fashion, electronics and media, food and personal care, and furniture and appliances were the leading e-commerce segments by market share in 2023. 

The online home and laundry care products market has also gathered more attention, with revenue projected to reach $75.66 million by 2024 and market penetration increasing to 7.3% in 2024 and 8.2% by the end of 2028.

The Innovation By Design Summit is in Doha on April 24. Attendance at the summit is by invitation only. Delegates can register here to receive their exclusive invite.