Global Food And Beverages E-Commerce Market Size 2024, Forecast To 2033

The food & beverages e-commerce market has witnessed exponential growth, surging from $69.77 billion in 2023 to $85.25 billion in 2024, reflecting a compound annual growth rate (CAGR) of 22.2%. The historic period's growth is attributed to the increase in clean-label, organic, and non-GMO products, a rise in alcohol consumption, increased pet ownership among Gen Z and Gen Y adults, strong economic growth in emerging markets, the influence of heightened demand for processed foods, a rise in awareness of the benefits of organic products, and a growing number of health-conscious consumers. Looking ahead to 2028, the market is expected to experience exponential growth, reaching $180.77 billion with a CAGR of 20.7%. The forecasted growth can be attributed to the rising penetration of organized retail, increasing demand for ready-to-eat products, faster economic growth, and a rise in the global population. Major trends in the forecast period involve a focus on using natural ingredients, offering functional beverages, focusing on micro-distilled/artisan spirits, adopting high-pressure pasteurization techniques, providing clean label products, incorporating robotics and automation technology, utilizing innovative filter technologies, and emphasizing artisanal cooking methods.