In 2023, Amazon's e-grocery sales were valued at approximately **** billion dollars. Forecasts indicate that online grocery sales by the U.S. e-commerce corporation will continue to increase, amounting to **** billion U.S. dollars by 2024.
This statistic shows the forecast revenue development for Amazon Fresh and Prime Now in Germany from 2016 to 2021. By 2021, revenue for Amazon Fresh is predicted to amount to 120 million euros, compared to 98 million euros for Prime Now.
Amazon is known as an e-commerce company, but in recent years, the retailer has invested in opening physical stores across the United States with more international expansion in mind. Amazon’s physical retail stores come in different formats, including Amazon Fresh grocery stores, Amazon Go, Amazon Books, Amazon 4 Star, and Amazon Pop-up. Typically, Amazon’s branded devices, books and other merchandise are available in these stores. In the fourth quarter of 2024, net sales from Amazon’s physical retailing amounted to nearly *** billion U.S. dollars. Whole Foods acquisition and Amazon Fresh Amazon’s venture into brick-and-mortar grocery store retailing started with the acquisition of the Whole Foods Market in 2018. By 2017, just before it was bought out by Amazon, the supermarket Whole Foods had registered a net sales revenue of over ** billion U.S. dollars. In addition to some *** Whole Foods locations, Amazon’s grocery retail business is supported by Amazon Fresh with stores predominantly in the United States. Outside of the United States, Amazon opened its first Amazon Fresh stores in the United Kingdom in March 2021. Amazon’s retail portfolio Amazon has a diverse retail portfolio, both in terms of merchandise and the business models it offers across its platforms. While it started its e-commerce business as an online retailer acting as the first-party owner of the products on offer, third-party selling on the Amazon marketplace increasingly became the norm among online sellers, who often employ both models when working with Amazon. Since 2017, more than half of paid units of Amazon is attributed to third-party sellers using the Amazon marketplace to sell their products.
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The global Amazon market is poised for significant growth over the forecast period, with the market size expected to increase from $260 billion in 2023 to nearly $700 billion by 2032, growing at a compound annual growth rate (CAGR) of 11.5%. This robust expansion is driven by the increasing penetration of e-commerce, diversified product offerings, and innovative service models that Amazon continues to adopt and expand upon.
One of the primary growth factors for the Amazon market is the rapid shift of consumers towards online shopping. The convenience of shopping from home, coupled with a vast array of products and competitive pricing, has made e-commerce platforms like Amazon highly attractive. The COVID-19 pandemic further accelerated this trend, as lockdowns and social distancing measures pushed more consumers to shop online. This behavioral shift is expected to persist post-pandemic, solidifying Amazon's market position.
Another significant driver is Amazon's extensive investment in logistics and supply chain infrastructure. The company has heavily invested in technologies and facilities that enhance delivery speed and efficiency, such as automated warehouses, drone delivery systems, and an expanding network of fulfillment centers worldwide. These advancements have enabled Amazon to offer expedited delivery options, such as same-day or next-day delivery, which are critical factors in maintaining customer satisfaction and loyalty.
Furthermore, Amazon's diversification into various service offerings has substantially contributed to its growth. Services like Amazon Prime, Amazon Web Services (AWS), and Amazon Fresh have not only increased its revenue streams but also deepened customer engagement and loyalty. Amazon Prime, for instance, provides subscribers with benefits such as free shipping, access to exclusive content on Prime Video, and other perks, fostering a more engaged and loyal customer base. AWS, on the other hand, has established itself as a leader in the cloud computing industry, driving significant revenue and supporting the growth of other Amazon services.
Regionally, North America remains Amazon's largest market, accounting for a substantial share of its revenue. However, notable growth is expected in emerging markets within the Asia Pacific and Latin America regions. These regions are experiencing rapid internet penetration and a burgeoning middle class with increasing disposable incomes, making them ripe for e-commerce expansion. Amazon has been focusing on localizing its strategies to cater to the unique preferences and needs of these markets to capitalize on this potential.
The electronics segment constitutes a significant portion of Amazon's product category, driven by a high demand for gadgets, home appliances, and other electronic items. Amazon's competitive pricing, extensive product range, and user-friendly return policies make it a preferred platform for purchasing electronics. Additionally, the seamless integration of customer reviews and ratings helps consumers make informed decisions, further boosting sales within this category. With continuous technological advancements and a steady stream of new product launches, the electronics segment is expected to maintain its growth trajectory.
Books were Amazon's original product category, and despite expanding into numerous other areas, books remain a core component of its offerings. The introduction of Kindle and e-books revolutionized the way consumers read, providing a boost to this segment. Amazon's extensive library of books, ranging from bestsellers to niche genres, caters to a wide audience. The convenience of purchasing and downloading books instantly, coupled with competitive pricing, continues to attract readers globally. The book segment is expected to see steady growth, supported by an increasing number of readers opting for e-books and audiobooks.
The clothing segment has seen substantial growth, driven by a diverse range of apparel and accessories for all ages and genders. Amazon's fashion segment includes both well-known brands and independent labels, providing a wide array of choices for consumers. The introduction of features like "Try Before You Buy" and personalized recommendations based on browsing history have enhanced the shopping experience, leading to higher conversion rates. As consumers become more comfortable with purchasing clothing online, this segment is expected to grow significantly.
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The global grocery e-commerce platform market is experiencing robust growth, driven by the increasing adoption of online shopping, particularly among younger demographics and those in urban areas. Convenience, wider product selection, and competitive pricing are key factors fueling this expansion. The market is segmented by platform type (local vs. cloud-based) and application (commodity, food & drinks, personal care, etc.), each exhibiting unique growth trajectories. Cloud-based platforms are gaining significant traction due to scalability and cost-effectiveness, while the food and beverage segment dominates in terms of revenue, reflecting consumer demand for online grocery delivery. While the market faces challenges such as logistical complexities, particularly in last-mile delivery, and maintaining freshness, technological advancements such as automated warehouses and improved delivery infrastructure are mitigating these restraints. The competitive landscape is highly fragmented, with both established players like Amazon Fresh, Walmart, and Kroger, and smaller, specialized companies vying for market share. Regional variations exist, with North America and Europe currently leading the market, although rapid growth is anticipated in Asia-Pacific regions due to increasing internet penetration and smartphone usage. We project continued strong growth in the coming years, driven by evolving consumer preferences and technological innovations within the sector. The forecast period (2025-2033) anticipates a sustained CAGR, potentially exceeding 15%, reflecting continued market expansion and the ongoing shift towards online grocery shopping. This growth will likely be propelled by the increasing integration of technology, personalized shopping experiences, and the expansion of delivery services into previously underserved areas. Further segmentation by regional specifics will offer more granular insights into market dynamics and potential investment opportunities. The competitive landscape will continue to evolve, with mergers and acquisitions, and the emergence of innovative business models shaping the future of grocery e-commerce. Focusing on enhancing customer experience, improving logistics efficiency, and leveraging data analytics will be crucial for success in this dynamic and rapidly evolving market.
How high is the brand awareness of Amazon Fresh in the UK?When it comes to online grocery delivery users, brand awareness of Amazon Fresh is at 82% in the UK. The survey was conducted using the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.How popular is Amazon Fresh in the UK?In total, 24% of UK online grocery delivery users say they like Amazon Fresh. What is the usage share of Amazon Fresh in the UK?All in all, 18% of online grocery delivery users in the UK use Amazon Fresh.How loyal are the customers of Amazon Fresh?Around 14% of online grocery delivery users in the UK say they are likely to use Amazon Fresh again. What's the buzz around Amazon Fresh in the UK?In September 2024, about 24% of UK online grocery delivery users had heard about Amazon Fresh in the media, on social media, or in advertising over the past four weeks.If you want to compare brands, do deep-dives by survey items of your choice, filter by total online population or users of a certain brand, or drill down on your very own hand-tailored target groups, our Consumer Insights Brand KPI survey has you covered.
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Online grocery sales have surged as online shopping has shot up. The surge in the popularity of online shopping, along with an increase in per capita disposable income and consumer spending, contributed to significant revenue growth for the industry. Overall, industry revenue will climb at a CAGR of 16.3% over the five years to 2024 to reach an estimated $43.3 billion in 2024, including expected growth of 4.3% in 2024. Over the past five years, strengthening incomes and climbing food prices have benefited online grocery sales. Sensing heightened demand for internet-based delivery services, major companies like Amazon and Walmart have scaled up their industry-relevant operations and captured much of this rising demand. Meanwhile, a new group of highly focused online grocers, including Door-to-Door Organics, have targeted niche markets across the United States by selling organic and other specialty groceries online. Moving forward, online grocery services will continue to enjoy revenue growth through the end of 2029, though at a muted pace when compared to the previous five years. Competition from brick-and-mortar grocery stores will continue to pressure the industry as many consumers prefer to shop for groceries, specifically produce, in person to assess the quality. Online grocers will invest in advanced technology to attempt to strengthen operational efficiency and reduce consumer hesitations. The use of drones for delivery and virtual reality will be key trends over the next five years. Price competitiveness will also climb, contributing to declining profit. Over the five years to 2029, industry revenue will expand at a CAGR of 3.5% to reach an estimated $51.5 billion in 2029.
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The global fresh e-commerce platform market, valued at $1230.6 million in 2025, is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% from 2025 to 2033. This robust expansion is driven by several key factors. Increasing consumer demand for convenience, coupled with the rising adoption of smartphones and internet penetration, fuels the market's growth. Consumers increasingly prefer the ease and speed of online grocery shopping, especially for perishable goods like fruits, vegetables, and dairy. The expansion of logistics infrastructure, including efficient cold chain solutions and last-mile delivery networks, is further facilitating the market's reach and penetration. Furthermore, the entry of established e-commerce giants alongside specialized players contributes to innovation and competition, leading to better prices, wider selection, and enhanced customer experience. The segment breakdown reveals a strong demand across various product categories, with fruits & vegetables and dairy products leading the charge. While the cloud-based platform segment enjoys a larger market share due to scalability and enhanced functionality, local platforms maintain a presence through niche offerings and localized delivery services. Growth is observed across all regions, with North America and Asia Pacific exhibiting the highest growth potential due to established e-commerce ecosystems and burgeoning consumer spending. However, challenges remain, including maintaining product freshness during delivery, managing operational complexities, and addressing concerns related to food safety and quality. Technological advancements, such as AI-powered inventory management and personalized recommendations, are shaping the future of the market. Companies are increasingly focusing on enhancing their supply chain efficiency, deploying advanced data analytics to optimize delivery routes and minimize spoilage. Sustainable practices, such as reduced packaging and eco-friendly delivery options, are gaining traction as consumers become more environmentally conscious. The market is also witnessing a rise in subscription services, offering regular deliveries of fresh produce, thereby ensuring recurring revenue streams for businesses. Competitive rivalry is expected to intensify, prompting players to invest heavily in technological innovation and customer-centric services to maintain a competitive edge. The strategic partnerships between e-commerce platforms and local farmers and producers create mutually beneficial relationships while fostering transparency and trust in the supply chain.
In financial year 2022, Amazon India reported operating revenue of 214.62 billion Indian rupees. Marketplace services accounted for over 187 billion Indian rupees of the total revenue. This was a significant increase as compared to the previous year.
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Supermarkets have had to adapt to changes in consumer behaviour and competition from online retailers in recent years. The supermarket industry in France is dominated by a number of large supermarket chains, which are experiencing increasing competition from online-only retailers like Amazon Fresh. Thanks to the expansion of its omnichannel strategy, Drive, the market leader, is also leading the way in the click-and-collect food sector with offerings like Leclerc Drive or Carrefour Drive. Customers can purchase online and collect the ordered goods from a drive-in counter at an agreed time. Many start-ups also specialise in fast home delivery of food products and compete with supermarkets. However, providers like Gorillas are primarily active in large cities. Revenue is expected to grow by 1.1% to €276.3 billion in 2025. Between 2020 and 2025, industry revenue has increased at a compound annual rate of 0.6%, although high inflation has reduced consumers' willingness to spend. Despite the lower sales volume, supermarkets recorded a slight revenue growth resulting from higher consumer prices. High consumer prices are prompting more and more consumers to buy supermarkets' private-label products at low prices or to do all their shopping at discounters like Lidl. Sustainability aspects, technological innovations and private labels will shape supermarkets' product range and strategy in the coming years. Industry revenue is expected to climb at a compound annual rate of 2.3% to €309.8 billion through 2030. To remain competitive in this fiercely contested market, supermarkets must invest in new technologies to improve the customer shopping experience and retain loyalty.
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The e-grocery market is experiencing robust growth, driven by the increasing adoption of online shopping, particularly among younger demographics and busy professionals. Convenience, wider selection, and often competitive pricing compared to brick-and-mortar stores are key factors fueling this expansion. While the packaged foods segment currently dominates, the fresh foods segment is exhibiting faster growth, reflecting consumer demand for high-quality, readily available fresh produce and other perishables delivered directly to their homes. The market is segmented by customer type, with both personal shoppers and business customers contributing significantly to revenue. Leading players like Walmart, Amazon, and Kroger are aggressively investing in technology and logistics to enhance their e-grocery offerings, including features like same-day delivery and personalized recommendations. The rise of quick commerce models, focusing on ultra-fast delivery within hours, is creating further disruption and competition. Geographic expansion into underserved markets and the development of innovative solutions like automated warehouses and delivery systems are also shaping the competitive landscape. While challenges remain, such as managing last-mile delivery costs and addressing consumer concerns about food freshness, the long-term outlook for e-grocery remains exceptionally positive. This sustained growth is further projected to be influenced by the increasing penetration of smartphones and internet access globally, making online grocery shopping increasingly accessible. The regional distribution of the e-grocery market mirrors global trends in internet penetration and e-commerce adoption. North America and Europe currently hold the largest market shares, but rapid growth is projected in Asia-Pacific, particularly in India and China, due to their burgeoning middle classes and increasing smartphone usage. Competition is fierce, with established grocery chains facing challenges from nimble e-commerce giants and smaller, specialized online retailers. Success in this dynamic environment requires a robust technological infrastructure, efficient logistics, and a customer-centric approach that prioritizes convenience, reliability, and a broad selection of products, encompassing both packaged and fresh options. Strategic partnerships with local producers and delivery services are crucial to optimize operations and ensure product freshness. Future growth will be shaped by technological innovation, evolving consumer preferences, and regulatory changes related to food safety and delivery logistics. Ultimately, the e-grocery market is poised for significant expansion throughout the forecast period.
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Supermarkets and grocery store outcomes have been a tale of dealing with volatile prices at their purchase and sales points. The continued expansion of Aldi and Amazon has forced the two established industry giants, Woolworths and Coles, to remain price-competitive on both the physical store and online service fronts. To differentiate themselves from low-cost supermarkets, Coles and Woolworths have leant into attracting customers with convenient locations and expanded online shopping capabilities. These supermarket giants also rely on loyalty programs and promotions. Coles and Woolworths have displayed interest in data analytics, strengthening their relationships with analytics firms like Palantir to optimise their marketing and operational processes. The ACCC and Treasury have taken the lead on addressing supplier and customer concerns relating to deceptive discounting practices and supplier contract bargaining exploitation. Supermarket and grocer revenue rose significantly following the COVID-19 outbreak. Household expenditure shifted towards retail industries amid restrictions on many services industries, with this imbalance remaining as high costs limit eating out. A combination of panic buying, along with the suspension of many specials and promotions in supermarkets, boosted grocery turnover at the beginning of the period, spiking revenue for 2019-20. This high benchmark at the start of the period has resulted in an industry correction and an annualised revenue decline of 0.6% to $148.7 billion over the five years to 2024-25. However, stores have largely managed to pass on upstream costs to customers, steadying their profit margins while suppliers and consumers bear the brunt of inflation-driven costs. Revenue is estimated to climb by 0.2% in 2024-25, reflecting the price-driven industry growth more indicative of the overall revenue trend that was drowned out by the pandemic revenue spike and correction. Supermarkets and grocery stores are set to continue performing well with industry revenue slated to climb at an annualised 0.4% over the five years through 2029-30 to $142.8 billion. Population growth and stubborn inflationary pressures, despite rate hikes, are set to keep store prices inching upwards. The results of the Treasury and the ACCC's investigations will shine a light on new regulations and potential penalties in store for large supermarkets. Eventually, when inflationary pressures subside and consumer sentiment returns to a positive level, supermarkets and grocers will be well-positioned to take advantage of consumer appetite for value-added and premium goods. Strong growth in online sales is set to continue.
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The online grocery market, currently valued at $52,000 million (2025), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 14.6% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing preference for convenience, especially among younger demographics and busy professionals, significantly contributes to this surge. Technological advancements, including improved e-commerce platforms, user-friendly mobile apps, and efficient delivery systems, enhance the online grocery shopping experience, driving further adoption. Furthermore, the expansion of reliable and affordable last-mile delivery networks, coupled with the increasing penetration of smartphones and internet access, particularly in developing economies, further fuels market growth. The rise of subscription models and personalized shopping experiences also play a crucial role in boosting customer loyalty and market expansion. Segmentation reveals a diverse landscape with packaged foods dominating, followed by fresh foods, personal shoppers catering to specialized needs, and business customers contributing significantly to overall revenue. Major players like Amazon, Walmart, and Carrefour are aggressively expanding their online grocery offerings, leading to heightened competition and driving innovation. However, the market faces certain restraints. Concerns regarding food freshness and quality, coupled with the potential for higher prices compared to brick-and-mortar stores, remain challenges. Maintaining efficient and cost-effective delivery infrastructure, particularly in remote areas, also poses a significant hurdle. Furthermore, data security and privacy concerns surrounding online transactions are crucial factors that need to be addressed. The competitive landscape, characterized by aggressive expansion and strategic alliances, will continue to shape market dynamics. Successful players will focus on optimizing supply chains, refining logistics, offering personalized experiences, and prioritizing customer trust to maintain their competitive edge within this rapidly evolving market. Regional variations exist; North America and Europe currently hold the largest market shares, while Asia Pacific and other regions are exhibiting rapid growth potential.
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The subscription-based e-commerce market is experiencing robust growth, projected to reach a market size of $18,830 million in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 14.1% from 2025 to 2033. This significant expansion is fueled by several key drivers. The increasing consumer preference for convenience and the ability to customize product deliveries through subscription models are major factors. Furthermore, the rise of personalized experiences and targeted marketing strategies employed by subscription services contribute significantly to market expansion. Specific subscription types, such as fresh food and beauty subscriptions, are demonstrating particularly strong growth, driven by evolving consumer lifestyles and the desire for regular access to curated products. However, challenges remain; price sensitivity among consumers and the need for effective customer retention strategies represent potential restraints to market growth. Competition within the various segments is also intense, demanding innovative offerings and strong brand building. The market is geographically diverse, with North America and Europe currently holding significant market share, yet emerging markets in Asia-Pacific show promising potential for future expansion. The segmentation of the subscription-based e-commerce market reveals a variety of offerings catering to diverse consumer needs. Streaming and software subscriptions continue to be a significant segment, leveraging the growing demand for digital content and software-as-a-service models. Fresh food and beauty subscriptions are rapidly gaining traction, fueled by the convenience factor and the desire for curated experiences. The education subscription segment is also expanding, driven by the increasing adoption of online learning platforms. The success of prominent players such as Amazon Subscribe & Save, Birchbox, and HelloFresh underlines the market's viability and the potential for further growth. Future market growth will depend on companies' ability to innovate, personalize their offerings, and maintain customer loyalty in a competitive landscape. Geographic expansion into emerging markets, along with strategic partnerships, will be crucial for sustaining this high growth trajectory.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 220.79(USD Billion) |
MARKET SIZE 2024 | 250.62(USD Billion) |
MARKET SIZE 2032 | 690.37(USD Billion) |
SEGMENTS COVERED | Type of Groceries ,Purchase Channel ,Delivery Method ,Payment Method ,Target Consumer ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising consumer adoption Expansion of grocery delivery services Growing popularity of meal kits Increased demand for convenience shopping Advances in technology and data analytics |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | HEB Grocery Company, L.P. ,Target Corporation ,Sprouts Farmers Market, Inc. ,United Natural Foods, Inc. ,Wakefern Food Corporation ,Gopuff ,Ahold Delhaize USA, Inc. ,Walmart Inc. ,Wegmans Food Markets, Inc. ,Amazon.com, Inc. ,Meijer, Inc. ,HyVee, Inc. ,Instacart, Inc. ,Albertsons Companies, Inc. ,The Kroger Co. |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Expansion into emerging markets Development of personalized shopping experiences Integration with smart home devices Use of artificial intelligence for predictive analytics Growth of quick commerce and ultrafast delivery |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.51% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 149.39(USD Billion) |
MARKET SIZE 2024 | 177.35(USD Billion) |
MARKET SIZE 2032 | 700.0(USD Billion) |
SEGMENTS COVERED | Service Type, Delivery Channel, Product Type, Consumer Type, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing consumer preference for convenience, Rapid adoption of mobile apps, Growth in e-commerce penetration, Rising demand for contactless delivery, Competitive pressure among providers |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Zalando, Kroger, Tesco, Instacart, Target, FreshDirect, BigBasket, Metro AG, Amazon, Walmart, Shipt, Alibaba, Carrefour, Ocado, Postmates |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Expansion into rural areas, Partnerships with local farmers, Integration of AI for personalization, Subscription-based services growth, Sustainable packaging solutions development |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 18.72% (2025 - 2032) |
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According to Cognitive Market Research, the global Insulated Shippers Market size will be USD 8962.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.90% from 2025 to 2033.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3316.24 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2599.11 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 2151.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 340.59 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 358.51 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 197.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2025 to 2033.
Insulated Bags category is the fastest growing segment of the Insulated Shippers industry
Market Dynamics of Insulated Shippers Market
Key Drivers for Insulated Shippers Market
Growing Demand for Temperature-sensitive Items to Boost Market Growth
The insulated shippers market is expanding at a substantial rate due to the growing demand for temperature-sensitive items. Reliability in temperature-controlled shipping is becoming more and more important as the world's use of perishable goods—like fresh food, beverages, and medications—increases. For instance, the pharmaceutical industry needs insulated shippers to transport vaccines, biologics, and other medical supplies that must be kept within certain temperature ranges in order to be safe and effective. Due to the need for safe temperature control during the transportation of vaccinations and medical supplies, the COVID-19 pandemic further brought attention to the significance of insulated packaging. Similar to this, the food and beverage industry depends on insulated shipping to guarantee that goods like dairy, frozen foods, and beverages stay fresh while en route. Insulated shippers with reliable temperature control are becoming increasingly important as consumer demands for efficiently delivered, fresh, high-quality goods continue to climb.
Surge in Online Grocery Shopping to Boost Market Growth
With the surge in online grocery shopping and the requirement for temperature-sensitive products, the insulated shippers industry has been significantly influenced by the rapid growth of e-commerce. Fresh produce, frozen goods, ready-to-eat meals, and even prescriptions are increasingly being delivered to consumers' homes, which has increased the need for dependable and effective insulated packaging solutions. For example, businesses like Amazon Fresh and Instacart depend on insulated shippers to guarantee that perishable goods like meat, vegetables, and dairy products stay at the right temperature during transit, avoiding spoiling and preserving quality. Similar to this, internet pharmacies reliably transport temperature-sensitive drugs, like biologics and vaccinations, to customers using insulated packaging. As e-commerce has become more popular and convenient, consumers have higher expectations for safe, fresh products to be delivered quickly. This has increased demand for insulated shipping solutions that preserve temperature-sensitive items throughout transit. The industry is expanding further as a result of the growing trend of perishable items being purchased online, which has made insulated shippers an essential part of contemporary logistics.
Restraint Factor for the Insulated Shippers Market
Increasing Prices for Raw Materials Will Limit Market Growth
Since the cost of necessary materials like foam, gel packs, and other packing components fluctuates, rising raw material costs provide a serious challenge to the market for insulated shippers. Changes in petroleum prices, for example, can affect the price of polyurethane foam, a common insulation material. This has a direct effe...
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 288.14(USD Billion) |
MARKET SIZE 2024 | 312.49(USD Billion) |
MARKET SIZE 2032 | 598.2(USD Billion) |
SEGMENTS COVERED | Business Model ,Delivery Type ,Payment Method ,Target Audience ,Store Type ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Surge in online grocery shopping 2 Growing popularity of subscription services 3 Expansion into new geographies 4 Increase in delivery speed and efficiency 5 Advent of autonomous delivery |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Instacart ,DoorDash ,Amazon Fresh ,Uber Eats ,FreshDirect ,Thrive Market ,Shipt ,Walmart Grocery ,Peapod ,Whole Foods Market ,Gopuff ,Boxed ,Target Grocery ,Grubhub |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Expanding ecommerce adoption 2 Rising demand for convenience 3 Growing popularity of subscription services 4 Increased adoption in emerging markets 5 Technological advancements enhancing user experience |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.45% (2024 - 2032) |
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According to Cognitive Market Research, the global Microgreen market size will be USD 1952.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 780.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 585.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 449.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 97.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 39.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The Broccoli category is the fastest growing segment of the Microgreen industry
Market Dynamics of Microgreen Market
Key Drivers for Microgreen Market
Growing consumer focus on healthy eating and nutrient-dense foods to Boost Market Growth
The growing consumer focus on healthy eating and nutrient-dense foods is a major driver of the microgreen market. As people become more health-conscious, they are actively seeking foods that offer high nutritional value and contribute to overall well-being. Microgreens are rich in vitamins, minerals, and antioxidants, often containing higher nutrient levels than their mature counterparts. This makes them highly appealing to health-focused consumers, particularly those interested in functional foods, plant-based diets, and organic produce. Furthermore, the increasing awareness of the benefits of incorporating microgreens into daily diets, such as improving heart health and reducing inflammation, is further fueling demand. Their versatility in various dishes and cuisines, combined with the trend toward clean eating, is pushing the microgreen market forward. For instance, AeroFarms, a Certified B Corporation and a leader in indoor vertical farming, has made a notable advancement by initiating a nationwide expansion in partnership with Amazon Fresh. This collaboration seeks to improve the high-tech grocery shopping experience for consumers. Following their previous achievement with Whole Foods Market in 2022, AeroFarms became the first indoor grower of leafy greens to be featured in Whole Foods Market's Global Planogram, establishing a new benchmark in the industry.
Increasing demand for organic and sustainable food to Drive Market Growth
The increasing demand for organic and sustainable food is significantly driving the microgreen market. As consumers become more environmentally conscious and aware of the harmful effects of chemical pesticides and fertilizers, they are opting for organic produce, which aligns with the sustainable agriculture movement. Microgreens, often grown without synthetic inputs and in controlled environments like indoor or vertical farms, fit well within this trend. These growing methods also reduce resource use, such as water and land, making microgreens an eco-friendly option. Additionally, the farm-to-table movement and the preference for locally sourced, sustainable food products are boosting demand for microgreens in restaurants, health stores, and farmers' markets. The appeal of fresh, organic, and pesticide-free microgreens is further fueling market growth.
Restraint Factor for the Microgreen Market
High production costs will Limit Market Growth
High production costs are a significant restraint on the microgreen market, limiting its growth potential. The cultivation of microgreens often requires specialized equipment, including indoor farming systems, advanced lighting, and climate control technologies, all of which contribute to substantial initial investments. Additionally, maintaining optimal growing conditions can lead to increased energy and operational costs, making it economically challenging for small-scale producers. These high production expenses may result in higher retail prices for consumers, potentially limiting market access and demand. Furthermore, the need f...
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