APAC E-Commerce Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC E-Commerce Market is Segmented by Business Model (B2C, B2B, C2C), Device Type (Smartphone / Mobile, Desktop and Laptop, Other Device Types), Payment Method (Credit / Debit Cards, Digital Wallets, and More), B2C Product Category (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverages, and More), and Country (China, India and More). The Market Forecasts are Provided in Terms of Value (USD).

APAC E-commerce Market Size and Share

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APAC E-commerce Market Analysis by Mordor Intelligence

The APAC e-commerce market is valued at USD 4.44 trillion in 2025 and is projected to expand to USD 7.25 trillion by 2030, reflecting a forecast compound annual growth rate (CAGR) of 10.28%. Growth is underpinned by mobile-first retail habits, rapid 5G roll-outs, and government programmes that bring millions of first-time shoppers online. As disposable incomes climb, premium categories such as beauty and consumer electronics register higher average basket sizes, while aggressive fulfilment investments compress delivery lead times in megacities and remotest archipelagos alike. Cross-border sales accelerate on the back of regional trade pacts that harmonise customs processes and stimulate digital wallet interoperability, even as platforms navigate widening ESG cost obligations and rising data-privacy scrutiny. Competition consequently shifts toward ecosystem leadership, with super-apps leveraging payments, entertainment, and finance to deepen user lock-in and defend margins.

Key Report Takeaways

  • By business model, the B2C segment led with 79% revenue share in 2024, while C2C is set to advance at a 16.4% CAGR through 2030.   
  • By device, mobile transactions commanded 64% of the APAC e-commerce market size in 2024 and are forecast to climb at a 14.2% CAGR to 2030.   
  •  By payment method, digital wallets held a 48.2% share of the APAC e-commerce market size in 2024; Buy Now Pay Later (BNPL) records the highest projected CAGR at 24.2% through 2030. 
  • By product category, fashion and apparel accounted for 24.7% of the APAC e-commerce market share in 2024, whereas beauty and personal care is growing fastest at 15.2% CAGR to 2030.   
  • By geography, China retained 29.3% of regional sales in 2024, while the Philippines is on course for the swiftest expansion at an 18.2% CAGR between 2025 and 2030.

Segment Analysis

By Business Model: Social Marketplaces Reconfigure Commerce

The B2C format dominated the APAC e-commerce market in 2024, securing 79% revenue share as established platforms widened assortment breadth and fulfilled at a nationwide scale. Yet the C2C surge—posting 16.4% CAGR to 2030—signals a structural shift toward peer-led retail communities. Social marketplaces translate previously informal sales of second-hand goods and artisan creations into trackable, tax-compliant transactions. For incumbents, the trend necessitates integrating social-selling toolkits to protect audience attention spans and basket value. The APAC e-commerce market size for C2C-led activity is forecast to multiply alongside smartphone penetration in lower-income clusters, where micro-entrepreneurship offers supplemental earnings without formal storefront fees.   

Meanwhile, B2B exchanges migrate procurement to cloud-native workflows. With a forecast outlay of USD 36 trillion by 2026, these portals digitise credit vetting and customs documentation, compressing transaction cycles for regional exporters. RCEP’s tariff reductions amplify addressable spend, enabling small factories in Vietnam or Thailand to court buyers in Japan within a digitally managed trust framework. Hybrid models increasingly emerge, as large retail platforms open wholesale channels to monetise scale logistics.

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Note: Segment shares of all individual segments available upon report purchase

By Device Type: Mobility Shapes User Journeys

Handsets accounted for 64% of 2024 transactions, cementing a mobile-centric design philosophy that prioritises one-hand navigation, vertical video, and biometric checkout. Emerging markets effectively skipped the desktop era; for many rural Indonesians or Thais, a smartphone is the sole internet gateway. With 5G coverage spreading, high-definition livestreaming becomes mainstream, spurring incremental sales conversions. The APAC e-commerce market size linked to mobile is forecast to outstrip overall growth at a 14.2% CAGR, pushing developers to build native super-app modules rather than responsive desktop clones.   

Laptops and desktops retain relevance for considered purchases—enterprise software licences or bulk industrial supplies—where side-by-side comparison and longer dwell times outweigh on-the-go convenience. Voice interfaces and connected-TV shopping remain nascent but gain traction as smart-home ecosystems proliferate, hinting at a future omnichannel mesh where transaction context rather than device dictates checkout flow.

By Payment Method: Digital Wallets Anchor Financial Inclusion

Digital wallets captured 48.2% of 2024 online transaction value, reflecting deep consumer penetration of Alipay, WeChat Pay, and GCash, each bundling transfer, savings, and micro-credit within a single app. This model leapfrogs legacy card rails in economies where formal banking outreach is limited. The APAC e-commerce market size routed through wallet ecosystems expands as merchant acceptance broadens beyond urban centres.   

BNPL, scaling at a 24.2% CAGR through 2030, supplies credit access to thin-file consumers wary of revolving debt. Australia and New Zealand already see BNPL claiming 21.5% and 11.9% of e-commerce payments, respectively, while India’s UPI network experiments with pay-later overlays. Traditional cards still dominate in mature economies such as Japan, where loyalty points and chargeback frameworks reinforce entrenched habits. Cash-on-delivery shrinks yet persists in niche segments that prize physical settlement.

APAC E-commerce Market
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Note: Segment shares of all individual segments available upon report purchase

By B2C Product Category: Beauty Accelerates on Social Proof

Fashion and apparel retained the largest slice of APAC e-commerce market share at 24.7% in 2024, capitalising on high purchase frequency and visual merchandising compatibility. Virtual try-on augments sizing confidence, and influencer-led unboxings fuel impulse wardrobes. The segment continues to act as a gateway for customer acquisition before cross-selling into adjacent verticals.   

Beauty and personal care emerges as the speedster with 15.2% CAGR to 2030, propelled by livestream tutorials that compress discovery and checkout into a single swipe. The APAC e-commerce market size for beauty gains incremental lift from K-beauty and J-beauty exports, while halal-certified skincare caters to Southeast Asia’s sizeable Muslim demographic. Electronics command premium ticket values, groceries benefit from quick commerce networks, and furniture sees meaningful adoption thanks to AR visualisation solving spatial uncertainty.

Geography Analysis

China preserved 29.3% of regional turnover in 2024, yet its CAGR moderates to 9.9% as urban penetration saturates and antitrust oversight intensifies. Ecosystem competition displaces price wars; Alibaba and JD.com bundle cloud, fintech, and media to widen entry barriers. Alternative payment instruments dominated 65.9% of Chinese online spend in 2023, underscoring the continuing wallet-first paradigm. Cross-border initiatives under Beijing’s 14th Five-Year Plan extend export support to SMEs, anchoring China’s role as both buyer and seller within the APAC e-commerce market. frictionless

The Philippines exhibits textbook leapfrog dynamics, charting an 18.2% CAGR for 2025-2030 on top of a USD 17 billion 2021 baseline. Smartphone penetration of 74.1% and daily social-media engagement exceeding 10 hours enable frictionless buyer journeys despite patchy logistics. Digital payments accounted for 42.1% of retail settlements in 2022, signalling accelerating financial inclusion. Government roadmaps target full-economy digitalisation, ensuring sustained upside.   

India advances toward a USD 200 billion market by 2026, buoyed by the Unified Payments Interface processing 8.7 billion monthly transfers by early 2025. Tier-2 and tier-3 hinterlands now contribute a rising share of GMV as logistics corridors extend. Domestic champions like Flipkart and Reliance confront Amazon’s localisation drive, competing on vernacular interfaces and same-day grocery coverage. Japan and South Korea, while mature, sustain high average order values and set service benchmarks—next-day delivery is table-stakes and consumer expectations steer platform investment in micro-fulfilment robotics. Indonesia’s archipelago hits USD 120 billion by 2025, leveraging social-commerce workarounds to surmount geography-induced shipping hurdles.

Competitive Landscape

Regional concentration varies sharply. China skews toward oligopoly, with two conglomerates orchestrating multi-service ecosystems that erect scale moats. In ASEAN, however, competitive intensity remains elevated as country-specific champions vie with transnational entrants. Platforms diversify into embedded finance—Sea Limited’s Shopee Bank in Malaysia or Lazada’s buy-now-pay-later rails—to amplify stickiness and monetise broader value pools.   

White-space exists at the content-commerce nexus. TikTok Shop leveraged native video feeds to seize 2.6% of APAC GMV within eighteen months, validating entertainment-led conversion. Legacy marketplaces counter by integrating short-video modules and creator-affiliation schemes. Artificial intelligence amplifies differentiation: Rakuten’s collaboration with Microsoft to personalise recommendations targets a 30% uplift in conversion efficiency. Data-science muscle also underpins predictive fulfilment networks that shave last-mile costs and unlock rural addressable markets.   

Regulatory scrutiny of dominance encourages strategic alliances and minority stake swaps to pre-empt antitrust action. Alibaba’s USD 15 billion infusion into Cainiao underscores logistics as the next theatre of competition—speed and reliability now trump headline discounts. Meanwhile, ESG imperatives force incumbents to retrofit operations toward low-carbon models, a shift smaller players exploit via agile partnerships with electric-fleet start-ups. Net result: rivalry migrates from simple price wars to end-to-end solution craftsmanship.

APAC E-commerce Industry Leaders

  1. Alibaba Group Holding Ltd.

  2. Amazon.com Inc.

  3. JD.com Inc.

  4. Rakuten Group Inc.

  5. Sea Ltd. (Shopee)

  6. *Disclaimer: Major Players sorted in no particular order
APAC E-commerce Market Concentration
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Recent Industry Developments

  • April 2025: JD.com debuted a cross-border marketplace in Thailand, pairing RCEP tariff relief with local-wallet acceptance to shorten the route-to-market for Chinese brands.
  • March 2025: Sea Limited’s Shopee won a Malaysian digital-bank licence, enabling deposit and lending services that weave tighter super-app engagement loops.
  • February 2025: Rakuten partnered with Microsoft to deploy AI-driven personalisation, targeting 30% higher conversion through real-time relevance algorithms.
  • January 2025: Alibaba Group committed USD 15 billion to expand Cainiao’s automated fulfilment hubs across Southeast Asia, aiming to guarantee one-day delivery in tier-1 cities.

Table of Contents for APAC E-commerce Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing disposable income of consumers
    • 4.2.2 Extensive internet accessibility
    • 4.2.3 Rapid adoption of m-commerce and super-apps
    • 4.2.4 Govt-led cross-border e-commerce pacts
    • 4.2.5 Social-commerce and live-stream shopping boom
    • 4.2.6 AI-driven hyper-local fulfilment hubs
  • 4.3 Market Restraints
    • 4.3.1 Security and privacy concerns
    • 4.3.2 Fragmented last-mile logistics
    • 4.3.3 Cross-border tax complexity
    • 4.3.4 Rising ESG-compliance platform costs
  • 4.4 Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers / Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUES)

  • 5.1 By Business Model
    • 5.1.1 B2C
    • 5.1.2 B2B
    • 5.1.3 C2C
  • 5.2 By Device Type
    • 5.2.1 Smartphone / Mobile
    • 5.2.2 Desktop and Laptop
    • 5.2.3 Other Device Types
  • 5.3 By Payment Method
    • 5.3.1 Credit / Debit Cards
    • 5.3.2 Digital Wallets
    • 5.3.3 BNPL
    • 5.3.4 Other Payment Method
  • 5.4 By B2C Product Category
    • 5.4.1 Beauty and Personal Care
    • 5.4.2 Consumer Electronics
    • 5.4.3 Fashion and Apparel
    • 5.4.4 Food and Beverages
    • 5.4.5 Furniture and Home
    • 5.4.6 Toys, DIY and Media
    • 5.4.7 Other Product Categories
  • 5.5 By Country
    • 5.5.1 China
    • 5.5.2 India
    • 5.5.3 Japan
    • 5.5.4 South Korea
    • 5.5.5 South East Asia
    • 5.5.6 Australia and New Zealand
    • 5.5.7 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Alibaba Group Holding Ltd.
    • 6.4.2 Amazon.com Inc.
    • 6.4.3 JD.com Inc.
    • 6.4.4 Rakuten Group Inc.
    • 6.4.5 Sea Ltd. (Shopee)
    • 6.4.6 eBay Inc.
    • 6.4.7 Flipkart Internet Pvt Ltd.
    • 6.4.8 Pinduoduo Inc. (PDD)
    • 6.4.9 Meituan Dianping
    • 6.4.10 Lazada Group SA
    • 6.4.11 Coupang Corp.
    • 6.4.12 Bukalapak .com PT
    • 6.4.13 Tokopedia PT
    • 6.4.14 Shopify Inc.
    • 6.4.15 Apple Inc. (Apple Store Online)
    • 6.4.16 Reliance Retail Ltd. (JioMart)
    • 6.4.17 Myntra Designs Pvt Ltd.
    • 6.4.18 Kogan.com Ltd.
    • 6.4.19 Catch.com.au Pty Ltd.
    • 6.4.20 Tiki Corp.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
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APAC E-commerce Market Report Scope

E-commerce refers to selling clothing, electronics, furniture, books, cosmetics, and other items over the Internet. Companies that provide home delivery services, such as e-commerce and m-commerce, are included in this industry.

The Asia-Pacific e-commerce market is segmented by application (beauty and personal care, consumer electronics, fashion and apparel, food and beverage, furniture, and home), by country (China, India, Japan, South Korea, and the rest of Asia-Pacific). The report offers market forecasts and size in value (USD) for all the above segments.

By Business Model B2C
B2B
C2C
By Device Type Smartphone / Mobile
Desktop and Laptop
Other Device Types
By Payment Method Credit / Debit Cards
Digital Wallets
BNPL
Other Payment Method
By B2C Product Category Beauty and Personal Care
Consumer Electronics
Fashion and Apparel
Food and Beverages
Furniture and Home
Toys, DIY and Media
Other Product Categories
By Country China
India
Japan
South Korea
South East Asia
Australia and New Zealand
Rest of Asia-Pacific
By Business Model
B2C
B2B
C2C
By Device Type
Smartphone / Mobile
Desktop and Laptop
Other Device Types
By Payment Method
Credit / Debit Cards
Digital Wallets
BNPL
Other Payment Method
By B2C Product Category
Beauty and Personal Care
Consumer Electronics
Fashion and Apparel
Food and Beverages
Furniture and Home
Toys, DIY and Media
Other Product Categories
By Country
China
India
Japan
South Korea
South East Asia
Australia and New Zealand
Rest of Asia-Pacific
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Key Questions Answered in the Report

What is the current value of the APAC e-commerce market?

It stands at USD 4.44 trillion in 2025 and is projected to reach USD 7.25 trillion by 2030.

Which business model leads regional online sales?

The B2C model commands 79% of revenues, although C2C marketplaces are growing faster at a 16.4% CAGR.

How dominant are mobile purchases in APAC?

Mobile transactions accounted for 64% of all online orders in 2024 and are expanding at a 14.2% CAGR.

Why are digital wallets so influential in the region?

Wallets captured 48.2% of transaction value in 2024 because they combine payments, savings and micro-credit, serving users without traditional bank accounts.

Which product category is growing fastest online?

Beauty and personal care leads with a 15.2% CAGR, propelled by livestream tutorials and influencer-led social commerce.

What logistical innovation is shaping fulfilment strategies?

AI-powered micro-fulfilment hubs are reducing delivery distances by up to 65%, enabling same-day or even sub-hour shipping in dense urban markets.

APAC E-commerce Market Report Snapshots