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.

Market development

eCommerce revenue development in the global Sweets & Chocolate market

The global Sweets & Chocolate eCommerce market is expected to increase over the next years. It is predicted to reach US$19,102.1 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.5%. The Sweets & Chocolate eCommerce market is a sub-market of the Food Cupboard market and accounts for 21.0% within this market. Further categories within the Food Cupboard market are: Baking Supplies, Cereals, Noodles, Nuts & Dried Fruits, and Other Food Cupboard.

eCommerce revenue development in the global Sweets & Chocolate 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 Sweets & Chocolate 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 %)77.868.237.18.587.192.535.29.1

Online share

eCommerce online share of the total Sweets & Chocolate 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 Sweets & Chocolate retail market, the online share is 5.0% and will increase by an average of 4.9% to 6.0% by 2028.

eCommerce online share of the total Sweets & Chocolate market

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)29.6%36.5%20.3%60.2%36.7%42.6%48.6%56.2%

Market definition

Definition of the Sweets & Chocolate market within the Grocery market

Market definition: Grocery > Food > Food Cupboard > Sweets & Chocolate The category Sweets & Chocolate includes the online trade of sweets (e.g. candies, marshmallows, cotton candy, caramel and toffee), chocolates (e.g. chocolate bars, chocolate bonbons, chocolate chips), cookies, and more. This category does not cover cakes and pastries, ice cream or jelly and jam. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Sweets (e.g. candies, marshmallows, cotton candy, caramel and toffee)
  • Chocolates (e.g. chocolate bars, chocolate bonbons, chocolate chips)
  • Cookies
  • Chewing gum

Out-of-scope

  • Cakes and pastries
  • Ice cream
  • Jelly and jam

Market comparison

The Global Sweets & Chocolate market in a global comparison

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

in %

Source: ECDB analysis