Global Grocery market

The global Grocery eCommerce market is expected to increase over the next years. It is predicted to reach US$413,214.6 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 9.3%. ECDB considers the following two sub-markets within the Grocery market: Food and Beverages. Food is the largest sub-market and accounts for 63.4% of the 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$14,471.8 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 5.1%. The Baking Supplies eCommerce market is a sub-market of the Food Cupboard market and accounts for 17.2% 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$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the global Baking Supplies market

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 41.2 10.9 39.3 54.7 74.7 41.5 43.5 76.2
AOV (in US$) 0.6 0.2 0.1 0.4 0.9 0.4 0.7 0.2
CVR (in %) 19.6 97.5 24.1 30.3 30.3 70.7 12.8 39.2
AOV: Average Order Value CVR: Conversion Rate

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 3.9% and will increase by an average of 5.4% to 4.9% by 2027.

eCommerce online share of the total Baking Supplies market

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 19.1% 85.9% 14.5% 89.9% 35.1% 92.9% 35.2% 71.5%

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