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Surge in Demand Paves the Way for Food and Beverages E-commerce Market to Reach $1481.29 Billion by 2029
Food And Beverages E-Commerce Market Share
What Is The Projected Market Size Of The Global Food And Beverages E-Commerce Market And Its Growth Rate?
• Rapid growth from $644.8 billion in 2024 to $752.45 billion in 2025 at a CAGR of 16.7% due to increasing demand for clean-label, organic, non-GMO products, rising alcohol consumption, a surge in pet ownership among Gen Z and Gen Y, economic growth in emerging markets, and heightened awareness of organic products' benefits.
• Phenomenal rise to $1481.29 billion in 2029 propelled by a CAGR of 18.5%. This can be attributed to the rise in organized retail penetration, increased demand for ready-to-eat products, faster economic growth, and a burgeoning population.
What Is Driving The Growth In The Food And Beverages E-Commerce Market?
A surge in smartphone users has significantly contributed to the growth of the food and beverage (F&B) e-commerce market. As the primary source of online shopping, smartphone users are propelling the F&B industry. A rise in the number of these users indicates a potential increase in online F&B shopping. For instance, in 2023, Uswitch Limited, a UK-based financial conduct authority, reported 71.8 million mobile connections in the UK, a 3.8% increase over 2021. The UK population is expected to reach 68.3 million by 2025, out of which 95% will own a smartphone. Consequently, an increase in smartphone users and internet penetration is fueling the growth of the food and beverages e-commerce market.
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Who Are the Key Players Driving Food And Beverages E-Commerce Market Growth?
• Walmart Inc
• Amazon.com Inc
• Koninklijke Ahold Delhaize N.V.
• Alibaba Group Holding Limited
• Target
• Kroger
• General Mills
• PepsiCo
• Bigbasket
• Amazon Fresh
• Meituan
• Woolworths Group
• ELEME Inc
• Flaschenpost SE
• Amazon EU Sarl
• Bofrost.de
• ITM Alimentaire International SAS
• Mercadona.es
• Utkonos
• Auchan Polska Sp. z o.o
• Sobeys Inc
• Costco Wholesale Corporation
• HelloFresh
• Albertsons Companies
• Majid Al Futtaim Group
• Strauss Coffee B.V.
• Panko Group Ltd.
What Are The Key Trends In The Food And Beverages E-Commerce Market?
• Emphasis on natural ingredients to address health concerns
• Offering functional beverages for hydration and nutritional benefits
• Micro-distilled/artisan spirits to cater to the growing demand
• High-pressure pasteurization techniques to preserve nutrients and eliminate harmful microorganisms
• Clean label products in response to growing health consciousness
• Adoption of robotics and automation for maximizing production efficiency
• Innovative filter technologies for enhancing smoking experience
• Products availability on e-commerce platforms
• Use of artisanal cooking methods for food and beverages
What Are The Segments Of The Global Food And Beverages E-Commerce Market?
• By Type: Grocery Delivery And Pickup, Direct-to-Consumer (DTC) Products, Meal Kits And Fresh Ready-To-Eat Meals, Restaurant Meal Delivery
• By Delivery Channel: Store Pick-Up, Home Delivery
• By End Users: Households, Businesses
Which Region Leads The Food And Beverages E-Commerce Market?
In 2024, North America emerged as the front-runner in the food and beverage e-commerce market, with Asia-Pacific following closely. The regions assessed in the food and beverages e-commerce market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Food And Beverages E-Commerce Market Global Market Report?
- Market Size Analysis, Market Segmentation Analysis, Key Player Focus, Growth Trends Analysis, Market Contribution, Growth Drivers, Industry Challenges, and Competitive Developments.
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