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Food And Beverages E-commerce Market Report 2023: New Developments, Growth Strategy, Regional Overview And Key Players Analysis Till 2032 | Amazon Fresh, Peapod, Google Express, Walmart, Pepsi Co., General Mills
Food And Beverages E-commerce Market Report
The Business Research Company's Food And Beverages E-commerce Global Market Report 2023 the increase in smartphone users and internet penetration as the major driver for the food and beverages e-commerce market's growth in the forecast period. 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.
The global food & beverages e-commerce market size will grow from $57.09 billion in 2022 to $69.77 billion in 2023 at a compound annual growth rate (CAGR) of 22.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food & beverages e-commerce market size is expected to grow to $140.42 billion in 2027 at a CAGR of 19.1%.
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Major competitors in the food and beverages e-commerce market are Amazon Fresh, Peapod, Google Express, Walmart, Pepsi Co., General Mills, Nature Box, Thrive Market, Costco, and Kroger.
A key trend in the food and beverages e-commerce market includes increase in technology and changing human interaction with any product or service, online shopping and web surfing. 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.
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The 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 Users: Households, Businesses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the food and beverages e-commerce market
The Business Research Company's "Global Food And Beverages E-commerce Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food And Beverages E-commerce Market Include:
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. Food And Beverages E-commerce Market Size And Growth
……………
27. Food And Beverages E-commerce Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food And Beverages E-commerce Market
29. Food And Beverages E-commerce Market Future Outlook And Potential Analysis
30. Appendix
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