Global Food E-Commerce Market Segmentation and Competition: 2024 will Witness a Market Size of $304.92 Billion

Global Food E-Commerce Market Overview

According to Global Market Monitor, the global food E-commerce market will reach $304.92 billion in 2024 with a CAGR of 16.45% from 2024 to 2029.Food E-Commerce refers to the market where food is sold online, and retailers or brands sell food directly to customers through the Internet.

Online Channels Witnesses Great Increase

Traditional channels include traditional superstores, supermarkets, chain convenience stores, and individual grocery stores. These channels integrate online and offline, reconstructing people, goods, and markets to create a new shopping experience.Online-only channels refer to online transactions, which greatly saves shopping time and eliminates shopping fatigue. Secondly, the online store simplifies the intermediate link from the manufacturer to the retailer, saving the rent, labor costs, industrial and commercial water and electricity fees, inventory fees, and other miscellaneous expenses that need to be paid for physical sales sites.

While stores remain the primary channel for most grocers, online business has grown dramatically in recent years, with many retailers quickly adapting their offerings and operations to meet consumer demand, opening up new opportunities. Driven by changing customer expectations, increasing competition, and technological advances, online food could account for 18 to 30 percent of the home food market in some major European countries.

Amazon Leads the Market.

Amazon is one of the major players operating in the Food E-Commerce market, holding a share of 7.95% in 2023. Amazon is the largest online e-commerce company in the United States, located in Seattle, Washington. It was one of the first companies to start e-commerce on the Internet. Amazon was founded in 1995. In the beginning, it only operated online book sales. Now it has expanded into a wide range of other products and has become the world's largest online retail product. The company and the world's second-largest Internet company, the company name, also includes Alexa Internet, a9, lab126, and Internet Movie Database (IMDB) and other subsidiaries.

In the global market, Amazon has more than 300 million consumers and the US is the main target market. For now, China remains a major supplier to Amazon of all sizes. However, as the price of shipping services and goods produced overseas fluctuates, the countries in which brands and sellers look for inventory are also changing. Over the past two years, the number of Amazon sellers and brands sourcing products from Belgium and Vietnam has steadily increased. As a large supplier of products, China still maintains a major market position, accounting for 71% of the supply of products in 2023, and is expected to maintain a flat supply level in 2024 and continue to maintain a leading edge.

Company Name	Amazon
Website	www.amzon.com
Established Time	1995
Plants Distribution	US
Sales Region	Worldwide

For more industry information, please refer to our latest released "2023 Global Food E-Commerce Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".