E-commerce growth: How much has e-commerce grown over the years?

Research highlights: Global e-commerce sales are projected to hit $8.03 trillion by 2027 and $6.88 trillion by 2025. Asia and the Americas make up for 80% of the global retail ecommerce sales. Food e-commerce is set to become the biggest segments by 2029, with $1.23 trillion in sales.

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E-commerce growth: How much has e-commerce grown over the years?

• By 2027, e-commerce sales around the world are expected to hit $8.03 trillion, and $6.88 trillion by 2025

• From 2017 to the projected numbers in 2027, global e-commerce sales are set to grow by $5.65 trillion

• The COVID-19 pandemic gave e-commerce a big boost in 2020, with a record-breaking growth of $897 billion in just one year

• After the 2020 surge, the growth rate slowed down in 2021 to 17.42%, but e-commerce still added nearly $740 billion compared to the year before

• The slowest growth in this data set happened in 2022, with a modest 6.48% increase, adding $323 billion to reach $5.31 trillion

• E-commerce sales first crossed the $5 trillion mark in 2022, reaching $5.31 trillion

• From 2024 to the projected 2027, global e-commerce sales are expected to grow by $1.70 trillion

• Looking at the big picture, global e-commerce sales have grown nearly six times from $1.34 trillion in 2014 to the projected $8.03 trillion in 2027

E-commerce revenue by region

• Asia is leading the pack in the global online shopping scene, bringing in about $1.97 trillion in 2024. That's 47.90% of the world's total e-commerce revenue

• The Americas come in second, with $1.44 trillion, which is 34.86% of the global e-commerce earnings for 2024

• Europe is next, expecting to make $632.7 billion from online retail, which is about 15.37% of the global share.

• Australia & Oceania are projected to earn $42.7 billion in 2024, which is 1.04% of the global e-commerce revenue, showing that their market is smaller compared to other regions.

• Africa has the smallest slice of the e-commerce pie in 2024, with an estimated $34.6 billion, making up just 0.84% of the global total.

• Together, Asia and the Americas are responsible for over 80% of the world's online shopping revenue in 2024

• There's a big gap between Asia and the Americas in terms of e-commerce revenue, with Asia making $537 billion more than the Americas in 2024.

E-commerce revenue by segment

• The food e-commerce market is set to skyrocket from $230 billion in 2019 to a whopping $1.23 trillion by 2029. It's expected to become the biggest segment, overtaking fashion in 2027

• Fashion is also on the rise, with revenue predicted to hit $1.18 trillion in 2029. That's a 127% increase from $520 billion in 2019

• Media e-commerce is looking at a 129% growth, going from $280 billion in 2019 to $640 billion in 2029

• Consumer electronics are set to grow, increasing from $190 billion in 2019 to $400 billion in 2029

• The Toys & Hobby market will more than double, rising from $70 billion in 2019 to $170 billion in 2029

• DIY & Hardware Store revenue is expected to jump from $220 billion in 2019 to $720 billion in 2029

Sources

• Global retail e-commerce sales 2014-2027

• Global: e-commerce revenue by region 2024

• Global: e-commerce revenue by segment 2019-2029

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