Global Grocery market
Market development
eCommerce revenue development in the global Food market
The global Food eCommerce market is expected to increase over the next years. It is predicted to reach US$330,010.0 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.1%. The Food eCommerce market is a sub-market of the Grocery market and accounts for 65.2% within this market. Further categories within the Grocery market are: Beverages.
eCommerce revenue development in the global Food market
eCommerce revenue growth in the global Food market
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 63.7 | 63.2 | 66.7 | 70.6 | 31.9 | 44.9 | 25.0 | 46.2 |
Top stores
Top five Food online stores worldwide by net sales 2023
With sales in the global Food market, chaoshi.tmall.com generated a revenue of US$6,560.1 million in 2023, which means it is the leading online store in this market. The global Food ranking is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Food.
eCommerce net sales generated in the Food market in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
See further stores
Market definition
Definition of the Food market within the Grocery market
Market definition: Grocery > Food The category Food includes the online trade of fresh food (e.g. fruits, vegetables, dairy products), frozen food (e.g. ice creams, frozen pizzas), food cupboard (e.g. noodles, cereals, sweets), and more. Online stores dedicated to the sale of ready-to-eat meal delivery, restaurant pick-up or pet food are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Fresh food (e.g. fruits, vegetables, dairy products)
- Frozen food (e.g. ice creams, frozen pizzas)
- Food cupboard (e.g. noodles, cereals, sweets)
- Bakery (e.g. bread, cakes, pastries)
- Meal kits
Out-of-scope
- Ready-to-eat meal delivery
- Restaurant pick-up
- Pet food
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