Global Grocery market
Market development
eCommerce revenue development in the global Grocery market
The global Grocery eCommerce market is expected to increase over the next years. It is predicted to reach US$505,770.8 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.8%. ECDB considers the following two sub-markets within the Grocery market: Food and Beverages. Food is the largest sub-market and accounts for 65.2% of the global Grocery market.
eCommerce revenue development in the global Grocery market
eCommerce revenue growth in the global Grocery market
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 33.5 | 85.1 | 15.9 | 11.5 | 76.3 | 12.4 | 5.7 | 82.5 |
Top stores
Top five Grocery online stores worldwide by net sales 2023
With sales in the global Grocery market, chaoshi.tmall.com generated a revenue of US$9,635.2 million in 2023, which means it is the leading online store in this market. The global Grocery ranking is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Grocery.
eCommerce net sales generated in the Grocery market in 2023
| Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
|---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Global Grocery market
With 89.2% VISA the most commonly offered payment method of all online stores in the worldwide Grocery eCommerce market in 2023. Like VISA Mastercard with a share of 88.8% and American Express with a share of 57.7% the payment type Cards is the most common used by online retailers in in the worldwide Grocery eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 59.6% and Bank transfer/cash in advance (Bank transfer) with 35.0% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Global Grocery market
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Shipping Service Provider
Top 5 offered shipping providers in the Global Grocery market
Despite DHL's dominant position with 31.3% of online stores opting for its services, the worldwide Grocery eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including UPS (United Parcel Service), FedEx, DPD, and USPS (United States Postal Service), hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Global Grocery market
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Market definition
Definition of the Grocery market
Market definition: Grocery The category Grocery contains the online trade of food (e.g. fruits, vegetables, dairy products, ice creams, cereals, sweets) and beverages (e.g. juices, water, coffee, wine, liquor, beer). The following products and services are not part of this category: ready-to-eat meal delivery, restaurant or bar pick-up or food supplements. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Food (e.g. fruits, vegetables, dairy products, ice creams, cereals, sweets)
- Beverages (e.g. juices, water, coffee, wines, liquors, beers)
Out-of-scope
- Ready-to-eat meal delivery
- Restaurant or bar pick-up
- Food supplements
- Pet food
Select sub-category