Food And Beverages E-Commerce Global Market Sees Growth Rate Of 22% Through 2022

The global food and beverages e-commerce market size is expected to grow from $46.72 billion in 2021 to $57.09 billion in 2022 at a compound annual growth rate (CAGR) of 22.2%. The global F&B e-commerce market size is expected to grow to $109.23 billion in 2026 at a CAGR of 17.6%.

What is the Global Food And Beverages E-Commerce Market?

The food and beverage (F&B) e-commerce market consists of foods and beverages online sales and related services primarily for household consumption. The food and beverages eCommerce market include companies involved in processing raw food materials/beverages, packaging, distributing them, and having an online portal or an application for their sales. This includes fresh, prepared, packaged foods, and alcoholic and non-alcoholic beverages.

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What drives the Global 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 k-commerce, the world smartphone users reached 3.2 billion in 2019 and are expected to grow by 600 million within the next two years and 200 million of these are expected from India and China alone. General Mills, a US-based grocery store chain, is already seeing 10% of its sales occurring online, and by 2022, online grocery shopping is expected to be a $100 billion business. Hence increase in smartphone users and internet penetration is driving growth in F&B e-commerce.

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Global Food And Beverages E-Commerce Market Segments
The global food and beverages e-commerce market is segmented:
By Type: Grocery Delivery and Pickup, DTC Products, Meal Kits and Fresh Ready-To-Eat Meals, Restaurant Meal Delivery
By Delivery Channel: Store Pick-Up, Home Delivery
By End-User: Households, Businesses
By Geography: 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, and Africa.

Food And Beverages E-Commerce Global Market Report 2022provides market size and growth forecasts for the global food and beverages e-commerce market, global food and beverages e-commerce market share, food and beverages e-commerce market segments and geographies, food and beverages e-commerce market competitive landscape including leading competitors’ revenues, profiles and market shares. The food and beverages e-commerce market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Food And Beverages E-Commerce Industry Playersinclude Amazon Fresh, Peapod, Google Express, Walmart, Pepsi Co, General Mills, Nature Box, Thrive Market, Costco, and Kroger. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.