Food And Beverages E-Commerce Growth Forecast 2025-2034: Trends, Opportunities, and Key Insights You Need to Know
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What is the Predicted CAGR for the Food And Beverages E-Commerce Market Over the Forecast Period of 2025 to 2034?
The food and beverages e-commerce market has grown rapidly in recent years. It will rise from $644.8 billion in 2024 to $752.45 billion in 2025, reflecting a CAGR of 16.7%. This growth can be attributed to increased demand for clean-label, organic, and non-GMO products, a rise in alcohol consumption, growing pet ownership by Gen Z and Gen Y adults, strong economic growth in emerging markets, increased demand for processed foods, awareness of the benefits of organic products, and a growing number of health-conscious consumers.
The food and beverages e-commerce market is projected to see rapid growth, reaching $1481.29 billion by 2029 at a CAGR of 18.5%. This expansion is due to the rise in organized retail, greater demand for ready-to-eat products, stronger economic growth, and an increasing global population. Key trends include a focus on natural ingredients, functional beverages for hydration and nutrition, micro-distilled spirits, high-pressure pasteurization, clean label products, robotics in production, and artisanal cooking methods.
How Are the key drivers Contributing to the Expansion of the food and beverages e-commerce Market?
The surge in smartphone users is boosting food and beverage e-commerce sales worldwide. Smartphone users are the primary online shoppers for food and beverages, and the growing number of these users could increase online food and beverage shopping. For example, Uswitch Limited reported that in 2022, 71.8 million mobile connections existed in the UK, a 3.8% increase from 2021. By 2025, 95% of the UK population is expected to own a smartphone. Consequently, the rise in smartphone usage and internet penetration is driving food and beverage e-commerce growth.
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Who Are the Top Companies Driving Innovation and Growth in the Food And Beverages E-Commerce Market?
Major companies operating in the food and beverages e-commerce market include:
• Walmart Inc_x000D_
• Amazon.com Inc_x000D_
• Koninklijke Ahold Delhaize N.V_x000D_
• Alibaba Group Holding Limited_x000D_
• Target_x000D_
What Key Trends Are Currently Impacting the Food And Beverages E-Commerce Market’s Development?
Online shopping for food and beverage (F&B) products continues to grow. In 2022, 2.14 billion people shopped online, accounting for 27% of the global population. 80% of consumers seek detailed product information before making purchasing decisions, which boosts online F&B businesses and expands their reach.
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Which Primary Segments of the Food And Beverages E-Commerce Market Are Driving Growth and Industry Transformations?
The food and beverages e-commerce market covered in this report is segmented –
1) By Type: Grocery Delivery And Pickup, Direct-to-Consumer (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
Subsegments:
1) By Grocery Delivery And Pickup: Online Grocery Delivery Services, Click And Collect Services, Subscription-Based Grocery Delivery, Same-Day Delivery Services
2) By Direct-to-Consumer (DTC) Products: Organic And Specialty Foods, Packaged Snacks And Beverages, Health And Wellness Products, Frozen and Prepared Meals
3) By Meal Kits And Fresh Ready-To-Eat Meals: Meal Kit Delivery Services, Pre-Portioned Ingredient Kits, Fresh Prepared Meals for Delivery, Specialty Diet Meal Kits
4) By Restaurant Meal Delivery: On-Demand Food Delivery Services, Restaurant Partnerships For Delivery, Multi-Restaurant Delivery Platforms, Subscription-Based Restaurant Delivery Services
Which Geographical Regions Are Pioneering Growth in the Food And Beverages E-Commerce Market?
North America was the largest region in the food and beverage (F&B) e-commerce market in 2024. Asia-Pacific was the second-largest region in the global food and beverage (F&B) e-commerce market share. 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, Africa
What Are the Key Characteristics That Define the Food And Beverages E-Commerce Market?
The food and beverage (F&B) e-commerce refers to online sales of food and beverage and related services, primarily for household consumption. The food and beverage eCommerce comprises of processing raw food materials and beverages, packaging, distributing them, and having an online portal or application for their sales.
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