Global Grocery market

The global Grocery eCommerce market is expected to increase over the next years. It is predicted to reach US$417,827.2 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.3%. ECDB considers the following two sub-markets within the Grocery market: Food and Beverages. Food is the largest sub-market and accounts for 67.0% of the global Grocery market.

Market development

eCommerce revenue development in the global Frozen Ready Meals market

The global Frozen Ready Meals eCommerce market is expected to increase over the next years. It is predicted to reach US$3,115.1 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.9%. The Frozen Ready Meals eCommerce market is a sub-market of the Frozen Food market and accounts for 14.0% within this market. Further categories within the Frozen Food market are: Frozen Pizzas, Frozen Vegetables, Ice Creams, and Other Frozen Food.

eCommerce revenue development in the global Frozen Ready Meals 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 Frozen Ready Meals 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

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)44.911.187.732.038.022.122.150.9

Online share

eCommerce online share of the total Frozen Ready Meals 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 Frozen Ready Meals retail market, the online share is 5.7% and will increase by an average of 8.8% to 8.0% by 2028.

eCommerce online share of the total Frozen Ready Meals market

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)48.1%19.9%78.2%36.6%45.6%58.2%65.9%76.1%

Market definition

Definition of the Frozen Ready Meals market within the Grocery market

Market definition: Grocery > Food > Frozen Food > Frozen Ready Meals The category Frozen Ready Meals includes the online trade of frozen ready meals (e.g. frozen lasagna, frozen stir-fry, frozen macaroni and cheese). This category does not cover frozen pizzas and chilled ready meals. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Frozen ready meals (e.g. frozen lasagna, frozen stir-fry, frozen macaroni and cheese)

Out-of-scope

  • Frozen pizzas
  • Chilled ready meals

Market comparison

The Global Frozen Ready Meals market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis