Asia Pacific E-Commerce Market Report and Forecast 2025-2034

Asia Pacific E-commerce Market Size

The Asia Pacific e-commerce market value reached approximately USD 2.9 trillion in 2024. The market is projected to grow at a CAGR of 12.80% between 2025 and 2034, reaching a value of around USD 8.6 trillion by 2034.

Asia Pacific E-commerce Market Growth

E-commerce offers numerous benefits for businesses and customers alike. For businesses, it provides global reach, lowers operational costs, enables 24/7 operations, facilitates data-driven decisions, increases efficiency, ensures scalability, allows for personalised shopping experiences, and grants access to niche markets.

The Asia Pacific e-commerce market dynamics and trends are being enhanced as customers enjoy the convenience of shopping at any time and from any location, easy price comparisons, a broad range of products, time savings, detailed product information, home delivery services, and access to exclusive online discounts and promotions.

Asia Pacific E-commerce Market Analysis

Rapid technological advancements such as voice recognition, augmented reality, and artificial intelligence are significantly contributing to the growth of the Asia Pacific e-commerce market. In 2022, Alibaba’s retail sales exceeded EUR 440 billion, positioning itself as the leading retailer in the region.  Furthermore, cross-border B2C e-commerce is becoming increasingly popular in the Asia-Pacific region due to the convenience, diverse product selection, and competitive pricing it provides to consumers, further boosting Asia Pacific e-commerce market revenue.

Asia Pacific E-commerce Industry Outlook

According to the International Telecommunication Union, in 2023, Asia Pacific exhibited substantial internet usage, with 66% of its population online, indicating strong growth in digital connectivity. Asia-Pacific reported 69% of males and 63% of females as internet users, reflecting ongoing efforts to enhance digital access across diverse populations.

According to the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI), and the DIGIDHAN Portal, digital payment transactions in India have shown significant growth in recent years. In the financial year 2017-18, the volume of digital transactions was 20.7 billion. This trend continued to expand, with transactions totalling 134.6 billion in 2022-23, contributing to the growth of Asia Pacific e-commerce industry revenue.

According to the Reserve Bank of Australia, consumer payment methods have significantly evolved between 2019 and 2022. Card payments saw a substantial increase from 63% to 76%, indicating a strong shift towards digital transactions. Within this category, debit card usage rose from 44% to 51%, and credit and charge card usage increased from 19% to 26%. These trends underscore a growing preference for digital payment solutions among consumers.

According to the China Internet Network Information Centre’s Statistical Survey on China's Internet Development, between June 2022 and June 2023, China's netizen population grew from 1.050 billion to 1.079 billion. During this period, internet penetration increased from 74.4% to 76.4%, marking a 2% rise. This substantial growth highlights a strong increase in internet accessibility and adoption throughout the country, showcasing China's ongoing digital transformation and further driving the growth of the Asia Pacific e-commerce market.

According to the Statistics Bureau, Ministry of Internal Affairs and Communications, the proportion of two-or-more-person households ordering over the Internet significantly increased from approximately 40% in 2019 to 55% in 2021.

High internet penetration and smartphone adoption drive exponential Asia Pacific e-commerce industry growth.

• Large population diversity allows for niche targeting and extensive market reach.

• Early adoption of AI, big data, and mobile payments enhances customer experience and operational efficiency.

Rural areas face logistical and connectivity issues, limiting Asia Pacific e-commerce market opportunities.

• Varying regulations across countries create compliance hurdles for cross-border operations.

• High instances of cyber threats and payment fraud pose risks to consumer trust and financial security.

Emerging economies offer substantial growth potential for expanding e-commerce services.

• Increasing trade agreements facilitate easier market access and global expansion.

• Rising mobile internet usage opens avenues for new revenue streams and customer engagement.

Saturation and consolidation among major players lead to pricing pressures and market saturation.

• Rapid advancements require continuous investment in technology to stay competitive.

• Trade tensions and political uncertainties can disrupt supply chains and market dynamics in the region.

Key Players in the Asia Pacific E-Commerce Market and their Key Initiatives

Amazon.com, Inc.

• Introduced localized versions of the Amazon website for better user experience. 

• Rolled out Amazon Fresh in major cities for grocery delivery to meet the growing demand of the Asia Pacific e-commerce market. 

Walmart Inc.

• Acquired a significant stake in Flipkart to expand market presence in India. 

• Invested in improving last-mile delivery infrastructure. 

Alibaba Group Holding Ltd.

• Expanded logistics network with Cainiao Smart Logistics for faster deliveries. 

• Introduced AI-driven customer service chatbots for improved user experience to capture the growing Asia Pacific e-commerce market opportunities. 

Shopify Inc.

• Invested in regional marketing campaigns to boost brand awareness.

• Enhanced mobile app features to improve merchant and customer experience.

Asia Pacific E-commerce Industry Segmentation

“Asia Pacific E-commerce Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Business to Consumer (B2C)

• Business to Business (B2B)

Market Breakup by Industry

• Beauty and Personal Care

• Fashion and Apparel

• Consumer Electronics

• Food and Beverage

• Health and Wellness

• Home Decor

• Household Consumables

• Others

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

Asia Pacific E-commerce Market Share

Among the countries of APAC, China boasts about a billion internet users. China is considered the largest e-commerce market on a global scale, generating about 50% of the world’s transactions. In 2021, China stood first in the Asia Pacific e-commerce industry with a revenue of USD 1.5 trillion, ahead of the United States. E-commerce has been substantially growing in China, predominantly due to the presence of strong domestic technological infrastructure and the reforms in Chinese trade policy.

Leading Companies in the Asia Pacific E-commerce Market

The companies provide a wide range of products, including books, electronics, groceries, and cloud computing services. They are recognised for their strong customer orientation, innovation, and effective logistics infrastructure.

• Amazon.com, Inc. 

• Walmart Inc. 

• Alibaba Group Holding Ltd. 

• Shopify Inc. 

• Etsy, Inc.   

• JD.com Inc. 

• Rakuten Group Inc. 

• eBay Inc. 

• Jade E-Services Singapore Pte. Ltd.  (Zalora) 

• Sea Ltd. (Shopee)   

• Flipkart Private Limited  

• Others

Key Highlights of the Report

Asia Pacific E-Commerce Market Report Snapshots

Asia Pacific E-Commerce Market Size

Asia Pacific E-Commerce Market Growth

Asia Pacific E-Commerce Market Analysis

Asia Pacific E-Commerce Market Share

Asia Pacific E-Commerce Companies