Overview and Scope
The food and beverage (F&B) e-commerce refers to online sales of food and beverage and related services, primarily for household consumption. The food and beverage eCommerce comprises of processing raw food materials and beverages, packaging, distributing them, and having an online portal or application for their sales.
Sizing and Forecast
The food & beverages e-commerce market size has grown exponentially in recent years. It will grow from $69.77 billion in 2023 to $85.25 billion in 2024 at a compound annual growth rate (CAGR) of 22.2%. The growth in the historic period can be attributed to increase in clean-label, organic, and non-gmo products, rise in alcohol consumption, increased pet ownership by gen z and gen y adults, strong economic growth in emerging markets, influence of increased demand for processed foods, rise in awareness of benefits of organic products, and growing number of health-conscious consumers.
The food & beverages e-commerce market size is expected to see exponential growth in the next few years. It will grow to $180.77 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to rising penetration of organized retail, increasing demand for ready to eat products, faster economic growth and rise in global population. Major trends in the forecast period include focus on using natural ingredients in their products to address health-related concerns of consumers, focus on offering functional beverages for hydration and nutritional benefits, focus on micro-distilled/artisan spirits to cater to the growing demand, focus on high-pressure pasteurization techniques to preserve nutrients and eliminate harmful microorganisms, focus on offering clean label products in response to the growing awareness of healthy food, focus on adopting robotics and automation technology to maximize production efficiency, focus on using innovative filter technologies to reduce toxicants in cigarettes and enhance the smoking experience, focus on offering the products on e-commerce platforms, and focus on using artisanal cooking methods for making food and beverages..
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Segmentation & Regional Insights
The food and beverages e-commerce market covered in this report is segmented –
1) By Type: Grocery Delivery And Pickup, Dtc Products, Meal Kits And Fresh Ready-To-Eat Meals, Restaurant Meal Delivery
2) By Delivery Channel: Store Pick-Up, Home Delivery
3) By End Users: Households, Businesses
North America was the largest region in the food and beverage (F&B) e-commerce market in 2023. Asia-Pacific was the second-largest region in the global food and beverage (F&B) e-commerce market share. The regions covered in the food and beverages e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in smartphone users has given a boost to food and beverage (F&B) e-commerce sales worldwide. Smartphone users are the primary online shoppers for the F&B industry, and with the increasing number of them, there is a potential increase in online shopping for food and beverages. As per an article published by DataReportal, the number of smartphone users in 2020 reached 5.22 billion which was about 66% of the world’s population. General Mills, a US-based grocery store chain, is already seeing 10% of its sales occur online, and by 2022, online grocery shopping is expected to be a $100 billion business. Hence, an increase in smartphone users and internet penetration is driving growth in F food & beverages e-commerce market.
Key Industry Players
Major companies operating in the food and beverages e-commerce market report are Walmart Inc, Amazon.com Inc, Koninklijke Ahold Delhaize N.V, Costco Wholesale Corp, Alibaba Group Holding Limited, Target, HelloFresh SE, Kroger, General Mills, PepsiCo, Bigbasket, Swiggy, Zomato, Amazon Fresh, Blink Commerce Private Limited, Meituan, Woolworths Group, ELEME Inc, Dangdang, Vipshop, Amazon China, Flaschenpost SE, Shop.rewe.de, Amazon EU Sarl, Bofrost.de, Cooperative U Enseigne, Auchan Retail France SAS, ITM Alimentaire International SAS, Mercadona.es, Carrefour.es, Coop Sverige AB, MatHem i Sverige AB, Utkonos, Auchan, Sima-Land OOO, Frisco S.A., Auchan Polska Sp. z o.o, emag.ro, Rohlik.cz Finance as, Finestore Distribution S.r.l., Sobeys Inc, Loblaws Inc, Walmart Canada, Costco Wholesale Corporation, Chedraui Group, HelloFresh, Albertsons Companies, Dia ArgentinaInc. S.A., mercadolibre.com.ar, Cencosud Retail SA, Majid Al Futtaim Group, LULU UAE, Souq, Kibsons, Strauss Coffee B.V., Panko Group Ltd., Ecart Internet Services Nigeria Limited, Jumia Nigeria, Drinks.ng, Carrefour Egypt
The food and beverages e-commerce market report table of contents includes:
1. Executive Summary
2. Food And Beverages E-Commerce Market Characteristics
3. Food And Beverages E-Commerce Market Trends And Strategies
4. Food And Beverages E-Commerce Market – Macro Economic Scenario
5. Global Food And Beverages E-Commerce Market Size and Growth
…
32. Global Food And Beverages E-Commerce Market Competitive Benchmarking
33. Global Food And Beverages E-Commerce Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food And Beverages E-Commerce Market
35. Food And Beverages E-Commerce Market Future Outlook and Potential Analysis
36. Appendix
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