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 Teas & Other Hot Drinks market

The global Teas & Other Hot Drinks eCommerce market is expected to increase over the next years. It is predicted to reach US$8,211.6 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 9.1%. The Teas & Other Hot Drinks eCommerce market is a sub-market of the Hot Drinks market and accounts for 42.7% within this market. Further categories within the Hot Drinks market are: Coffee.

eCommerce revenue development in the global Teas & Other Hot Drinks 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 Teas & Other Hot Drinks 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 %)35.992.336.36.358.414.582.447.8

Online share

eCommerce online share of the total Teas & Other Hot Drinks 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 Teas & Other Hot Drinks retail market, the online share is 6.5% and will increase by an average of 19.3% to 13.1% by 2028.

eCommerce online share of the total Teas & Other Hot Drinks market

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)85.1%56.5%34.1%21.9%66.1%84.1%41.8%49.4%

Market definition

Definition of the Teas & Other Hot Drinks market within the Grocery market

Market definition: Grocery > Beverages > Non-Alcoholic Beverages > Hot Drinks > Teas & Other Hot Drinks The category Teas & Other Hot Drinks includes the online trade of tea (e.g. loose leaf tea, tea bags, instant tea) and cacao. This category does not cover health teas (e.g. bladder tea, kidney tea), tea accessories (e.g. tea infusers, teapots and kettles, tea cups and mugs) or tea sweeteners and additions (e.g. sugar, milk or cream). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Tea (e.g. loose leaf tea, tea bags, instant tea)
  • Cacao

Out-of-scope

  • Health Teas (e.g. bladder tea, kidney tea)
  • Tea accessories (e.g. tea infusers, teapots and kettles, tea cups and mugs)
  • Tea sweeteners and additions (e.g. sugar, milk or cream)

Market comparison

The Global Teas & Other Hot Drinks market in a global comparison

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

in %

Source: ECDB analysis