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Food and Beverages E-Commerce Market Report 2024: Size, Share, Growth, Trends, Forecast 2033
The new report published by The Business Research Company, titled Food And Beverages E-Commerce Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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The Surge In Smartphone Users Fuels Growth In Food And Beverages E-Commerce Market
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.
Positive Impact Of Technology On The F&B E-Commerce
With an increase in technology and changing human interaction with any product or service, online shopping and web surfing for Food & Beverage (F&B) products or services is diurnal. This is positively affecting F&B e-commerce. In 2022, there were 2.14 billion online shoppers which accounted for 27% of total world population. 80% of consumers prefer detailed information about purchases and consider this crucial to making buying decisions. Hence, this trend will boost and increase the scope for online food and beverage businesses.
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
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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
Contents of the report:
1. Executive Summary
2. Food And Beverages E-Commerce Market Report Structure
3. Food And Beverages E-Commerce Market Trends And Strategies
4. Food And Beverages E-Commerce Market - Macro Economic Scenario
5. Food And Beverages E-Commerce Market Size And Growth
…..
27. Food And Beverages E-Commerce Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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