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

in million US$

eCommerce revenue growth in the global Grocery 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 %)7.966.272.080.517.995.16.67.5

Online share

eCommerce online share of the total Grocery 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 Grocery retail market, the online share is 5.5% and will increase by an average of 10.7% to 8.3% by 2028.

eCommerce online share of the total Grocery market

in %
20202021202220232024202520262027
Online share (in %)17.2%98.7%14.1%76.4%8.5%56.3%10.8%76.2%

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

in million US$
Filtered revenue / share
Global revenue
Growth
US$900.0m
20.7%
US$8,300.0m8.3%
US$550.0m
12.0%
US$4,600.0m12.4%
US$470.0m
3.9%
US$1,190.0m33.6%
US$430.0m
20.6%
US$2,122.0m18.0%
US$370.0m
20.7%
US$1,814.0m12.6%

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 57.8% 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 34.9% of stores offering that payment method to the clients.

Top 5 offered payment methods in the Global Grocery market

in %

See all stores offering


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

in %

See all stores offering


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