Key Takeaways
- Global e-commerce sales hit $6.3 trillion in 2023, marking a 10.9% year-over-year increase.
- E-commerce accounted for 19.4% of total retail sales worldwide in 2023.
- The global B2C e-commerce market grew by 12.5% to reach $5.8 trillion in 2022.
- US e-commerce sales reached $1.1 trillion in 2023, up 7.8% YoY.
- China e-commerce market size $2.1 trillion in 2023.
- Europe e-commerce sales hit $800 billion in 2023, growing 9%.
- Global online shoppers expected to reach 2.86 billion in 2024.
- 58% of global consumers prefer online shopping post-pandemic.
- Mobile shopping app usage grew 30% YoY to 2.5 billion users in 2023.
- Electronics category saw 15% YoY sales growth online in 2023.
- Fashion e-commerce sales up 12% to $759 billion globally 2023.
- Grocery online sales grew 20% to $850 billion in 2023.
- Global e-commerce sales forecasted to reach $8.1 trillion by 2026.
- E-commerce to represent 22.6% of global retail by 2027.
- Mobile commerce to hit $3.5 trillion by 2027.
E-commerce sales are growing robustly worldwide, reaching trillions across many product categories.
Consumer Adoption
- Global online shoppers expected to reach 2.86 billion in 2024.
- 58% of global consumers prefer online shopping post-pandemic.
- Mobile shopping app usage grew 30% YoY to 2.5 billion users in 2023.
- 70% of millennials shop online weekly globally.
- Subscription e-commerce users hit 1 billion worldwide in 2023.
- 45% of consumers abandoned carts due to high shipping costs in 2023.
- Voice shopping users reached 200 million globally in 2023.
- 62% of Gen Z discover products via social media.
- Average online shopping frequency 12 times per month per consumer in 2023.
- 55% of shoppers use buy now pay later options.
- Cross-border online purchases made by 30% of global shoppers.
- 75% of consumers expect personalized recommendations online.
- Live streaming shopping viewers 500 million globally in 2023.
- 40% growth in first-time online buyers in emerging markets.
- Female online shoppers outnumber males 52% to 48% globally.
- 65% of consumers read reviews before purchase.
- Social commerce buyers reached 300 million in 2023.
- 50% of shoppers use multiple devices during purchase journey.
- Sustainable products preferred by 67% of online shoppers.
- Average cart value online $85 globally in 2023.
- 80% of consumers influenced by user-generated content.
Consumer Adoption Interpretation
Future Forecasts
- Global e-commerce sales forecasted to reach $8.1 trillion by 2026.
- E-commerce to represent 22.6% of global retail by 2027.
- Mobile commerce to hit $3.5 trillion by 2027.
- Cross-border e-commerce to grow to $2 trillion by 2030.
- B2B e-commerce projected at $36 trillion by 2026.
- Social commerce to reach $2.9 trillion by 2026.
- Live commerce forecasted $3 trillion globally by 2026.
- BNPL market to $3.3 trillion transaction value by 2028.
- AR in e-commerce to $50 billion by 2027.
- Subscription e-commerce $1.5 trillion by 2025.
- Grocery e-commerce $1 trillion by 2026.
- Fashion online $1 trillion by 2025.
- Electronics e-commerce $1.5 trillion by 2027.
- Global online shoppers 3 billion by 2027.
- Voice commerce $80 billion by 2027.
- Sustainable e-commerce $500 billion by 2028.
- E-commerce logistics $2 trillion by 2027.
- Headless commerce $10 billion by 2028.
- Omnichannel retail $6.5 trillion by 2027.
- US e-commerce $1.6 trillion by 2027.
- China e-commerce $3 trillion by 2026.
- India online retail $350 billion by 2026.
- Europe e-commerce $1.1 trillion by 2027.
Future Forecasts Interpretation
Global Market Trends
- Global e-commerce sales hit $6.3 trillion in 2023, marking a 10.9% year-over-year increase.
- E-commerce accounted for 19.4% of total retail sales worldwide in 2023.
- The global B2C e-commerce market grew by 12.5% to reach $5.8 trillion in 2022.
- Online retail sales worldwide are projected to exceed $7 trillion by 2025.
- E-commerce penetration rate globally reached 15.2% of total retail in 2023.
- Global cross-border e-commerce sales surged 25% to $785 billion in 2023.
- Mobile commerce (m-commerce) represented 60% of total e-commerce sales in 2023 globally.
- The e-commerce market size was valued at $16.2 trillion in 2023 including B2B.
- Worldwide e-commerce revenue grew 16% annually from 2019-2023.
- Digital commerce sales reached $5.7 trillion globally in 2022, up 14%.
- E-commerce grew faster than traditional retail by 4x in 2023 globally.
- Global online shoppers numbered 2.79 billion in 2023.
- E-commerce sales as % of retail rose from 14.2% in 2020 to 19.4% in 2023.
- B2B e-commerce market hit $25 trillion globally in 2023.
- Global fashion e-commerce sales reached $781 billion in 2023.
- Electronics e-commerce generated $1.2 trillion in global sales in 2023.
- Grocery e-commerce sales worldwide hit $350 billion in 2023.
- Travel e-commerce bookings grew 22% to $800 billion in 2023.
- Global luxury goods e-commerce sales reached $91 billion in 2023.
- E-commerce platform market size was $6.5 billion in 2023 globally.
- Social commerce sales worldwide hit $992 billion in 2023.
- Voice commerce market projected at $40 billion globally by 2023 end.
- Global BNPL e-commerce transactions reached $300 billion in 2023.
- AR/VR in e-commerce market size $12.3 billion in 2023.
- Global live commerce sales $500 billion in 2023.
- E-commerce logistics market $1.1 trillion in 2023 globally.
- Sustainable e-commerce market $150 billion in 2023.
- Global headless commerce market $2.5 billion in 2023.
- E-commerce cybersecurity market $50 billion in 2023.
- Omnichannel e-commerce sales $4.5 trillion in 2023 globally.
Global Market Trends Interpretation
Product Categories
- Electronics category saw 15% YoY sales growth online in 2023.
- Fashion e-commerce sales up 12% to $759 billion globally 2023.
- Grocery online sales grew 20% to $850 billion in 2023.
- Furniture e-commerce market $250 billion in 2023, 18% growth.
- Beauty and personal care online sales $150 billion 2023.
- Toys and hobby e-commerce $120 billion in 2023.
- Automotive parts online sales $100 billion globally 2023.
- Books e-commerce steady at $15 billion in 2023.
- Food delivery e-commerce $300 billion in 2023.
- Health and pharmacy online $80 billion 2023 growth 25%.
- Sports equipment e-commerce $50 billion in 2023.
- Jewelry online sales $70 billion globally 2023.
- Home appliances e-commerce $400 billion 2023.
- Pet supplies online $40 billion in 2023.
- Wine and alcohol e-commerce $20 billion 2023.
- Office supplies online $30 billion globally.
- Musical instruments e-commerce $10 billion 2023.
- Video games online sales $200 billion 2023.
- Handbags and luggage e-commerce $50 billion.
- Shoes online sales $120 billion in 2023.
Product Categories Interpretation
Regional Growth
- US e-commerce sales reached $1.1 trillion in 2023, up 7.8% YoY.
- China e-commerce market size $2.1 trillion in 2023.
- Europe e-commerce sales hit $800 billion in 2023, growing 9%.
- India online retail market $70 billion in 2023, up 25%.
- Brazil e-commerce sales $50 billion in 2023, 12% growth.
- UK e-commerce penetration 30% of retail sales in 2023.
- Southeast Asia e-commerce $100 billion in 2023, 20% YoY.
- Germany online sales €100 billion in 2023.
- Japan e-commerce market ¥20 trillion in 2023.
- Canada e-commerce sales CAD 80 billion in 2023.
- Australia online retail $60 billion AUD in 2023.
- Mexico e-commerce $30 billion USD in 2023, 27% growth.
- South Korea e-commerce 35% of retail in 2023.
- Middle East e-commerce $50 billion in 2023.
- Africa e-commerce market $28 billion in 2023, 18% growth.
- Russia online sales RUB 6 trillion in 2023.
- France e-commerce €130 billion in 2023.
- Indonesia e-commerce $50 billion in 2023.
- Nigeria online retail $10 billion in 2023.
- Turkey e-commerce TL 1.5 trillion in 2023.
- Vietnam e-commerce $20 billion in 2023, 25% YoY.
- Argentina online sales $15 billion in 2023.
- UAE e-commerce AED 30 billion in 2023.
- Netherlands e-commerce €30 billion in 2023.
- Thailand online market 500 billion THB in 2023.
- Poland e-commerce PLN 100 billion in 2023.
Regional Growth Interpretation
Sources & References
- Reference 1STATISTAstatista.comVisit source
- Reference 2EMARKETERemarketer.comVisit source
- Reference 3BUSINESSWIREbusinesswire.comVisit source
- Reference 4FORBESforbes.comVisit source
- Reference 5MCKINSEYmckinsey.comVisit source
- Reference 6BUSINESSOFAPPSbusinessofapps.comVisit source
- Reference 7GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 8PWCpwc.comVisit source
- Reference 9INSIDERINTELLIGENCEinsiderintelligence.comVisit source
- Reference 10BAINbain.comVisit source
- Reference 11MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 12GMINSIGHTSgminsights.comVisit source
- Reference 13DIGITALCOMMERCE360digitalcommerce360.comVisit source
- Reference 14ECOMMERCE-EUROPEecommerce-europe.euVisit source
- Reference 15IBEFibef.orgVisit source
- Reference 16ONSons.gov.ukVisit source
- Reference 17DEde.statista.comVisit source
- Reference 18STATCANstatcan.gc.caVisit source
- Reference 19ABSabs.gov.auVisit source
- Reference 20AMVOamvo.org.mxVisit source
- Reference 21JUMIA-GROUPjumia-group.comVisit source
- Reference 22FEVADfevad.comVisit source
- Reference 23JUMIAjumia.comVisit source
- Reference 24CACEcace.org.arVisit source
- Reference 25CBScbs.nlVisit source
- Reference 26ETDAetda.or.thVisit source
- Reference 27BAYMARDbaymard.comVisit source
- Reference 28VOICEBOTvoicebot.aiVisit source
- Reference 29LENDINGTREElendingtree.comVisit source
- Reference 30SALESFORCEsalesforce.comVisit source
- Reference 31BCGbcg.comVisit source
- Reference 32POWERREVIEWSpowerreviews.comVisit source
- Reference 33GOOGLEgoogle.comVisit source
- Reference 34NIELSENnielsen.comVisit source
- Reference 35STACKLAstackla.comVisit source






