Growing Food And Beverage E-Commerce Market Driven By Rising Number Of Smartphone Users
The Business Research Company’s Global Food and Beverage E-Commerce Market 2021 Report: COVID-19 Growth and Change to 2030
LONDON, GREATER LONDON, United Kingdom, June 21, 2021 /EINPresswire.com/ – The increase in the number of smartphone users has stimulated food and beverage e-commerce market worldwide sales. Smartphone users are the main online shoppers in the food and beverage industry and with a growing number of them there is a potential increase in online shopping for food and drink. According to an article published by k-commerce, the number of smartphone users worldwide reached 3.2 billion in 2019 and is expected to increase by 600 million over the next two years, including 200 million in India and China alone. General Mills, a US-based grocery chain, already sees 10% of its sales happen online, and by 2022, online grocery shopping is expected to be $ 100 billion. Hence, increasing number of smartphone users and internet penetration are driving the growth of F&B e-commerce.
The global food and beverage e-commerce market is expected to grow from $ 25.36 billion in 2020 to $ 31.25 billion in 2021 at a compound annual growth rate (CAGR) of 23.2%. The change in growth trend is mainly due to companies stabilizing their production after meeting demand which increased exponentially during the COVID-19 pandemic in 2020. The beverage and food e-commerce market is expected to increase. reach $ 66.95 billion in 2025 at a CAGR of 21%.
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The food and beverage e-commerce (F&B) market comprises the online sale of food and beverage and related services primarily for household consumption. The food and beverage e-commerce market includes companies involved in the processing of food / beverage raw materials, their packaging, distribution and have an online portal or app for their sales. This includes fresh, prepared, packaged foods and alcoholic and non-alcoholic beverages.
The major players in the food and beverage e-commerce industry are Amazon Fresh, Peapod, Google Express, Walmart, Pepsi Co, General Mills, Nature Box, Thrive Market, Costco, and Kroger.
The Food and Beverage E-Commerce (F&B) market covered in this report is segmented by Type into Grocery Delivery & Pickup, DTC Products, Meal Kits & Fresh Meals, Restaurant Meal Delivery. The F&B e-commerce market is also segmented by in-store pick-up delivery channel, door-to-door delivery, and by household and business end users.
Global Food and Beverage E-Commerce Market Report 2021: COVID-19 Growth And Change To 2030 is part of a series of new reports from The Business Research Company that provides food and beverage e-commerce market insight, prediction on e-commerce market size and growth Food and Beverage E-commerce Market as a Whole Market, Food and Beverage E-Commerce Market Segments and Geographies, Food and Beverage E-Commerce Market Trends, Food and Beverage E-Commerce Market Drivers, Restraints, Revenue , profiles and market shares of the main competitors.
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