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E-commerce Food and Beverages Market Size Worth $566.0 Billion by 2028 - Million Insights
Rising health awareness amongst the population and increasing incidence of secondary diseases owing to poor eating habits and obesity are propelling the demand for fresh fruits and vegetables. The growing trend of exotic fruit products, coupled with the preference of people for a vegan diet, is aiding the market growth. The market growth is projected to remain strong as the industry trends are mainly influenced by health-conscious generation x and millennials.
The industry growth is anticipated to be more online than offline in the near future and online retail groceries will take up the foremost market chunk. The industry players are expected to take up product introductions and strategic joint ventures to keep ahead in the market and reinforce their position in the developing markets.
The food type segment is projected to observe lucrative growth over the forecast period. The food segment includes fresh and packaged foods, fruits, vegetables, pasta, snacks, sweets, and frozen food. This growth is credited to the accumulative demand for these products in developed regions, such as North America and Europe . A growing working population and consumer preference for ready-to-eat food are also some of the important factors augmenting the segment growth.
North America is projected to witness considerable growth during the forecast period. The growing demand for fresh fruits and vegetables, coupled with alcoholic drinks, in countries such as the U.S., is anticipated to generate revenue in this region. The growth of the market in this region is accredited to massive investment in the U.S. in terms of technology and the quality of the products.
, "E-commerce Food and Beverages Market Size, Share & Trends Analysis Report by Type (Food, Soft Drinks & Alcoholic Drinks), By Region ( North America , Europe , Asia Pacific , CSA, MEA), And Segment Forecasts, 2021 - 2028", published .
E-commerce Food & Beverages Market Segmentation
Million Insights has segmented the global e-commerce food and beverages market on the basis of type and region:
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