Global Grocery market
The global Grocery eCommerce market is expected to increase over the next years. It is predicted to reach US$455,057.7 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 65.3% of the global Grocery market.
Monthly revenues
Monthly eCommerce revenues in the global Grocery market
The monthly eCommerce revenue of the global Grocery market was US$42,963 million in October 2024. This refers to a growth of 17.6% compared to September 2024. Within the last 12 months, the monthly revenue share was the highest in October 2024 with 9.4% of the total 2024 revenue of the global Grocery market and the lowest in August 2024 with 7.4% of the total 2024 revenue.
Revenue Last Month
US$42,962.5m
The eCommerce revenue grew by 17.6% from September 2024 to October 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 19.0 | 90.4 | 15.8 | 57.0 | 93.1 | 58.8 | 76.9 | 93.1 | 3.0 | 11.8 | 93.0 | 5.3 |
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$455,057.7 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.8%. ECDB considers the following two sub-markets within the Grocery market: Food and Beverages. Food is the largest sub-market and accounts for 65.3% of the global Grocery market.
eCommerce revenue development in the global Grocery market
eCommerce revenue growth in the global Grocery market
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 16.0 | 25.9 | 36.2 | 25.1 | 83.5 | 74.6 | 91.0 | 62.1 |
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$6,497.3 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 57.5% 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 35.1% 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 30.0% 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 Own delivery 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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Shop Software Solutions
Top 5 used shop software solutions in the Global Grocery market
Although Shopify holds a commanding lead with 15.4% of online stores using the shop software solution, the worldwide Grocery eCommerce market in 2023 remains vibrant and competitive. This is due to the presence of several other shop software solutions, including Magento, WooCommerce, Shopware, and PrestaShop, which collectively hold a significant share of the market.
Top 5 used shop software solutions 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