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 Hot Drinks market
The global Hot Drinks eCommerce market is expected to increase over the next years. It is predicted to reach US$19,238.4 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 7.1%. The Hot Drinks eCommerce market is a sub-market of the Non-Alcoholic Beverages market and accounts for 27.8% within this market. Further categories within the Non-Alcoholic Beverages market are: Juices, Other Non-Alcoholic Beverages, and Water.
eCommerce revenue development in the global Hot Drinks market
eCommerce revenue growth in the global Hot Drinks market
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 97.8 | 10.6 | 18.1 | 73.7 | 52.2 | 13.0 | 31.6 | 92.2 | ||||
as of Non-Alcoholic Beverages (in %) | 36.4 | 38.7 | 39.3 | 40.6 | 42.5 | 40.9 | 41.8 | 42.7 | 43.5 | 44.4 | 45.2 | 46.0 |
Market definition
Definition of the Hot Drinks market within the Grocery market
Market definition: Grocery > Beverages > Non-Alcoholic Beverages > Hot Drinks The category Hot Drinks includes the online trade of coffee and tea. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Coffee
- Tea
Market comparison
The Global Hot Drinks market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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