Global Grocery market
The global Grocery eCommerce market is expected to increase over the next years. It is predicted to reach US$417,827.2 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.3%. ECDB considers the following two sub-markets within the Grocery market: Food and Beverages. Food is the largest sub-market and accounts for 67.0% of the global Grocery market.
Market development
eCommerce revenue development in the global Frozen Food market
The global Frozen Food eCommerce market is expected to increase over the next years. It is predicted to reach US$22,198.4 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 14.4%. The Frozen Food eCommerce market is a sub-market of the Food market and accounts for 7.9% within this market. Further categories within the Food market are: Baked Goods, Food Cupboard, Fresh Food, and Meal Kits.
eCommerce revenue development in the global Frozen Food market
eCommerce revenue growth in the global Frozen Food market
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 50.8 | 45.2 | 5.9 | 58.1 | 24.3 | 80.7 | 57.7 | 69.0 | ||||
as of Food (in %) | 5.6 | 5.2 | 4.8 | 4.2 | 4.7 | 5.0 | 4.9 | 4.8 | 4.7 | 4.6 | 4.6 | 4.5 |
Market definition
Definition of the Frozen Food market within the Grocery market
Market definition: Grocery > Food > Frozen Food The category Frozen Food includes the online trade of ice cream, frozen pizza, frozen ready meals, and more. This category does not cover chilled food. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Ice Cream
- Frozen pizza
- Frozen ready meals
- Frozen vegetables
Out-of-scope
- Chilled food
Market comparison
The Global Frozen Food market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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