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$14,471.8 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 5.1%. The Baking Supplies eCommerce market is a sub-market of the Food Cupboard market and accounts for 17.2% within this market. Further categories within the Food Cupboard market are: Cereals, Noodles, Nuts & Dried Fruits, Other Food Cupboard, and Sweets & Chocolate.
eCommerce revenue development in the global Baking Supplies market
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the global Baking Supplies market
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 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 |
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
Select sub-category