Global Grocery market

Market development

eCommerce revenue development in the global Baking Supplies market

The global Baking Supplies eCommerce market is expected to increase over the next years. It is predicted to reach US$17,665.4 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 10.1%. The Baking Supplies eCommerce market is a sub-market of the Food Cupboard market and accounts for 17.4% within this market. Further categories within the Food Cupboard market are: Cereals, Noodles, Nuts & Dried Fruits, Other Food Cupboard, and Sweets & Chocolate.

eCommerce revenue development in the global Baking Supplies market

in million US$

eCommerce revenue growth in the global Baking Supplies market

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)68.623.792.828.618.272.351.847.2

Online share

eCommerce online share of the total Baking Supplies market

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 global Baking Supplies retail market, the online share is 4.4% and will increase by an average of 4.6% to 5.3% by 2028.

eCommerce online share of the total Baking Supplies market

in %
20202021202220232024202520262027
Online share (in %)92.6%90.4%29.4%41.9%16.2%55.0%92.0%94.2%

Market definition

Definition of the Baking Supplies market within the Grocery market

Market definition: Grocery > Food > Food Cupboard > Baking Supplies The category Baking Supplies includes the online trade of flour, baking soda, sugar, and more. This category does not cover fresh ingredients (e.g. milk, eggs, oil), baking pans and accessories or measuring tools. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Flour
  • Baking soda
  • Sugar
  • Flavorings and extracts
  • Decorations and sprinkles
  • Cake mixes

Out-of-scope

  • Fresh ingredients (e.g. milk, eggs, oil)
  • Baking pans and accessories
  • Measuring Tools
  • Mixing and baking tools