eCommerce: Market Revenue Growth
Global Grocery eCommerce Revenue Growth
How has the eCommerce revenue growth in the global Grocery market evolved from 2018 to 2026? Explore the fluctuating trends in our upcoming article.
Article by Patrick Nowak | June 19, 2024Download
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Global Grocery eCommerce Revenue Growth
What is the trend in the global Grocery market?
The global eCommerce landscape for the Grocery market has shown a remarkable growth trajectory from 2018 through 2026. Commencing with substantial growth rates of 35.7% in 2018 and 28.0% in 2019, the sector experienced a significant surge in subsequent years. The year 2020 marked a pivotal moment with a growth rate of 58.9%, which further escalated to 23.9% in 2021 and then tapered off to 8.7% in 2022. However, 2023 witnessed a slight decline with a growth rate of 16.3%. This downturn is expected to be temporary, as the market is projected to rebound with growth rates of 21.4% in 2024, 20.7% in 2025, and a steady 17.2% in 2026. These fluctuations highlight the volatile yet upward-trending nature of the eCommerce market in the global Grocery sector.
Main Facts: eCommerce Revenue Growth in the Global Grocery Market, 2018-2026
- Significant Growth in 2020-2022: The global Grocery eCommerce market experienced substantial growth, with revenue increasing by 58.9% in 2020, 23.9% in 2021, and 8.7% in 2022.
- Temporary Decline in 2023: In 2023, the market saw a decrease in revenue growth by 16.3%, indicating potential challenges or adjustments within the industry.
- Steady Growth Post-2023: Forecasted data suggests a recovery with growth rates of 21.4% in 2024, 20.7% in 2025, and 17.2% in 2026, showcasing resilience in the global Grocery eCommerce market.
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