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.

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the global Grocery retail market, the online share is 5.5% and will increase by an average of 10.7% to 8.3% by 2028.

With sales in the global Grocery market, chaoshi.tmall.com generated a revenue of US$6,497.3 million in 2023, which means it is the leading online store in this market. The global Grocery ranking is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Grocery.

With 89.2% VISA the most commonly offered payment method of all online stores in the worldwide Grocery eCommerce market in 2023. Like VISA Mastercard with a share of 88.8% and American Express with a share of 57.5% the payment type Cards is the most common used by online retailers in in the worldwide Grocery eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 59.7% and Bank transfer/cash in advance (Bank transfer) with 35.1% of stores offering that payment method to the clients.

Despite DHL's dominant position with 29.7% of online stores opting for its services, the worldwide Grocery eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including UPS (United Parcel Service), FedEx, DPD, and Own delivery service, hold smaller but significant shares, contributing to a dynamic and fragmented market.

Although Shopify holds a commanding lead with 16.9% of online stores using the shop software solution, the worldwide Grocery eCommerce market in 2023 remains vibrant and competitive. This is due to the presence of several other shop software solutions, including Magento, WooCommerce, Shopware, and PrestaShop, which collectively hold a significant share of the market.