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| Market size in 2024 | US$ 347.80 billion |
Forecast Market size by | US$ N/A |
|---|
The global Food E-Commerce market size was valued at US$ 347.80 billion in 2024 and is projected to reach US$ 686.50 billion by 2030, at a CAGR of 12.0% during the forecast period 2024-2030.
The United States Food E-Commerce market size was valued at US$ 92.1 billion in 2024 and is projected US$ 174.6 billion by 2030, at a CAGR of 11.2% during the forecast period 2024-2030.
Online platforms and services for purchasing and delivering food products, including groceries, prepared meals, and specialty foods.
The global Food E-Commerce market is experiencing rapid growth, driven by increasing internet penetration, changing consumer preferences towards convenience, and technological advancements in logistics and last-mile delivery. Key players include Amazon Fresh, Walmart, and Instacart.
In 2024, online grocery sales accounted for 55% of the market, with meal kit delivery services growing at 14.5% annually. The industry is seeing significant innovation in AI-powered personalized shopping experiences, improving customer retention rates by 25%.
There's growing demand for ultra-fast delivery options, with 30-minute delivery now available in 40% of major urban areas. Companies are developing advanced cold chain logistics solutions, reducing food waste in transit by up to 30%. The market is benefiting from the integration of voice-activated ordering and smart home devices. Challenges include managing perishable inventory and addressing concerns about product quality and freshness. The US market leads in technological innovation, particularly in predictive analytics for demand forecasting and route optimization.
Report Overview
This report provides a deep insight into the global Food E-Commerce market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Food e-commerce is rapidly transforming how consumers purchase groceries, ready-to-eat meals, and specialty food items. The industry's growth is driven by increasing internet penetration, changing consumer behavior, and advancements in delivery logistics.
Mobile Usage: A significant 70% of food e-commerce purchases are made via mobile devices. This trend underscores the importance of mobile-friendly platforms and apps, which provide seamless user experiences for customers ordering food on-the-go.
User Demographics: Millennials and Gen Z consumers are the most active participants in food e-commerce, making up over 55% of the total user base. Their preference for convenience, along with increasing reliance on home delivery, is shaping the future of the industry.
Convenience & Time-Saving: A recent survey found that 60% of consumers cite convenience and time-saving as their primary reasons for using food e-commerce services. People value the ability to shop at any time, compare prices easily, and avoid long queues at physical stores.
Recurring Purchases: Subscription-based food delivery services are gaining traction, with over 45% of users opting for recurring grocery deliveries. This allows for automatic restocking of essentials, making it a hassle-free option for busy consumers.
Environmental Considerations: Interestingly, around 35% of food e-commerce users reported that they are more likely to shop from platforms that offer eco-friendly packaging or sustainable delivery options. This trend highlights growing consumer consciousness about sustainability.
Customer Loyalty: Studies reveal that 65% of online food shoppers are loyal to a specific platform or service, particularly those offering fast delivery, personalized recommendations, and loyalty programs.
Digital Grocery Shopping Growth: The number of digital grocery shoppers in the U.S. is expected to surpass 137 million by 2025. Currently, online grocery sales represent around 10.2% of the total grocery market, with this figure projected to rise steadily.
Delivery Speed: Consumers increasingly expect faster deliveries, with 45% of them choosing platforms offering same-day delivery. Companies are now investing in optimized logistics and even drone technology to meet these expectations.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Food E-Commerce Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Food E-Commerce market in any manner.
Global Food E-Commerce Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Food E-Commerce Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Food E-Commerce Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 347.80 billion |
| Forecast Market size by | US$ N/A |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 130 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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