Grocery market in Equatorial Guinea

Market development

eCommerce revenue development in the Beverages market in Equatorial Guinea

The Equatorial Guinean Beverages eCommerce market is predicted to reach US$1.4 million by 2024 and accounts for 44.6% of the Grocery eCommerce market in Equatorial Guinea. 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 16.9%, resulting in a projected market volume of US$2.6 million by 2028. The Beverages eCommerce market is a sub-market of the Grocery market. Further categories within the Grocery market are: Food.

eCommerce revenue development in the Beverages market in Equatorial Guinea

in million US$

eCommerce revenue growth in the Beverages market in Equatorial Guinea

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)15.253.761.035.218.870.156.98.4

Online share

eCommerce online share of the total Beverages market in Equatorial Guinea

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Equatorial Guinean Beverages retail market, the online share is 0.7% and will increase by an average of 13.1% to 1.1% by 2028.

eCommerce online share of the total Beverages market in Equatorial Guinea

in %
20202021202220232024202520262027
Online share (in %)69.3%15.4%50.7%86.5%73.4%76.0%52.7%70.1%

Market definition

Definition of the Beverages market within the Grocery market

Market definition: Grocery > Beverages The category Beverages covers the sale of alcoholic beverages (e.g. wines, liquors, beers) and non-alcoholic beverages (e.g. water, juices, coffee). This category does not cover restaurant or bar pick-up and nutritional drinks (e.g. meal replacement shakes, protein shakes). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Alcoholic beverages (e.g. wines, liquors, beers)
  • Non-alcoholic beverages (e.g. water, juices, coffee)

Out-of-scope

  • Restaurant or bar pick-up
  • Nutritional drinks (e.g. meal replacement shakes, protein shakes)

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      • Baked Goods *
        • Baking Supplies *
        • Cereals *
        • Noodles *
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      • Frozen Food *
        • Frozen Pizzas *
        • Frozen Ready Meals *
        • Frozen Vegetables *
        • Ice Creams *
        • Other Frozen Food *
      • Meal Kits *

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