Grocery market in Serbia
The Serbian Grocery eCommerce market is predicted to reach US$52.5 million by 2024 and accounts for 5.7% of the total eCommerce market in Serbia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.7%, resulting in a projected market volume of US$91.0 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Dairy Goods market in Serbia
The Serbian Dairy Goods eCommerce market is predicted to reach US$3.3 million by 2024 and accounts for 21.7% of the Fresh Food eCommerce market in Serbia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.4%, resulting in a projected market volume of US$5.4 million by 2028. The Dairy Goods eCommerce market is a sub-market of the Fresh Food market. Further categories within the Fresh Food market are: Chilled Food, Fruits & Vegetables, Meat & Fish, and Other Fresh Food.
eCommerce revenue development in the Dairy Goods market in Serbia
eCommerce revenue growth in the Dairy Goods market in Serbia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 20.6 | 87.8 | 50.9 | 99.4 | 37.2 | 48.0 | 39.9 | 81.9 |
Market definition
Definition of the Dairy Goods market within the Grocery market
Market definition: Grocery > Food > Fresh Food > Dairy Goods The category Dairy Goods includes the online trade of dairy goods (e.g. milk, cheese, yogurt) and eggs. This category does not cover plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Dairy Goods (e.g. milk, cheese, yogurt)
- Eggs
Out-of-scope
- Plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk)
Market comparison
The Serbian Dairy Goods market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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