How big is the food and beverage food ecommerce ecommerce industry?
11 food and beverage industry trends
Small brands are eating up CPG market share
What is food ecommerce?
Food ecommerce is the business denmark phone number library of selling food and beverage products using an online store instead of (or as well as) a brick-and-mortar store.
However, unlike ecommerce in other verticals
there are a few more considerations to bear in mind. You must be vigilant about transparency, processing, and labeling of ingrients and allergens.
According to the AAFA, about 32 million Americans have food-bas allergies, which means mistakes in this area can cause great harm to your potential customers—not to mention laws from the FDA regarding correct nutrition labeling.
How big is the food and beverage ecommerce industry?
The global CPG packag food market was creating and managing sales funnels valu at $2 trillion in 2021 and is expect to generate a compound annual growth rate (CAGR) of 2.9% from 2022 to 2028. The market is also expect to reach $2.5 trillion by 2028.
Grocery was the top online CPG category alb directory in 2020, according to the Food Industry Association and NielsenIQ, accounting for 44% of all CPG ecommerce.
