Grocery market in Ecuador
The Ecuadorian Grocery eCommerce market is predicted to reach US$169.5 million by 2024 and accounts for 5.8% of the total eCommerce market in Ecuador. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 16.1%, resulting in a projected market volume of US$307.8 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Frozen Vegetables market in Ecuador
The Ecuadorian Frozen Vegetables eCommerce market is predicted to reach US$1.5 million by 2024 and accounts for 12.1% of the Frozen Food eCommerce market in Ecuador. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.2%, resulting in a projected market volume of US$2.6 million by 2028. The Frozen Vegetables eCommerce market is a sub-market of the Frozen Food market. Further categories within the Frozen Food market are: Frozen Pizzas, Frozen Ready Meals, Ice Creams, and Other Frozen Food.
eCommerce revenue development in the Frozen Vegetables market in Ecuador
eCommerce revenue growth in the Frozen Vegetables market in Ecuador
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 10.7 | 15.6 | 91.7 | 79.6 | 42.5 | 63.0 | 87.4 | 4.4 |
Market definition
Definition of the Frozen Vegetables market within the Grocery market
Market definition: Grocery > Food > Frozen Food > Frozen Vegetables The category Frozen Vegetables includes the online trade of frozen vegetables (e.g. frozen spinach, frozen broccoli, frozen peas, frozen beans). This category does not cover frozen fruits and frozen french fries and potato products. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Frozen vegetables (e.g. frozen spinach, frozen broccoli, frozen peas, frozen beans)
Out-of-scope
- Frozen fruits
- Frozen french fries and potato products
Market comparison
The Ecuadorian Frozen Vegetables market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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