The market segment of Food and Beverages contains the online sale of fresh and packaged foods (excluding baby food), delicacies and beverages. It covers the sale of fruit, vegetables, pasta, snacks, sweets, refrigerated products, frozen food, soft drinks, and alcoholic drinks via a digital channel. The most significant aspect for the online sale in this industry is at present, the online shops, large supermarkets, and warehouse stores.
Revenue in the Food & Beverages has reached to US $7.285 Million in 2019. It is expected to show an annual growth rate (CAGR 2019-2023) of 3.5%, resulting in a market volume of US $8.366 Million by 2023. User penetration is 33.3% in 2019 and is expected to hit 40.8% by 2023.
The average revenue per user (ARPU) currently reach the amount of US $66.45Million. In global comparison, most revenue is generated in China (US $22.102 Million in 2019).