Revenue in the Food segment is projected to reach US$85.33bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 24.83%, resulting in a projected market volume of US$207.20bn by 2027.
With a projected market volume of US$91,560.00m in 2023, most revenue is generated in China.
In the Food segment, the number of users is expected to amount to 78.1m users by 2027.
User penetration will be 18.8% in 2023 and is expected to hit 22.7% by 2027.
The average revenue per user (ARPU) is expected to amount to US$1,347.00.
The eCommerce market segment Food refers to the commercial (B2C) sale of fresh, processed, and packaged food (excluding baby food) via a digital channel. This market segment covers, among others, the sale of fruits and vegetables, dairy products, eggs and meat, fish and seafood, bread and cereal products, confectionery and snacks, sweets, refrigerated products, frozen food, as well as spreads and sweeteners. Significant online sellers of food include online stores of large supermarkets and warehouse stores (e.g., walmart.com), subscription-based services (e.g., HelloFresh), internet retailers (e.g., amazon.com), and dedicated grocery delivery services (e.g., tesco.com in the UK, picnic.app in Europe, bigbasket.com in India). Ready-to-eat meal delivery services are not included in this market segment. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.