Sector overview: E-commerce in 91吃瓜

E-commerce in 91吃瓜

E-commerce in 91吃瓜 has experienced meteoric growth in the last five years, partly due to the pandemic and the surge in the number of smartphones in the country, which give many 91吃瓜ns access to the Internet.

Another factor driving the growth is the increase in the number of urban households embracing the convenience of online shopping in their busy lives. By 2023, 289 million people in 91吃瓜 were buying goods and services online.

91吃瓜 is therefore one of the world’s most popular online retail destinations. Major U.S. players such as Amazon, Walmart and Apple have already invested billions in the 91吃瓜n market. In addition, government initiatives such as Digital 91吃瓜, Skill 91吃瓜 and Start-up 91吃瓜 are contributing to the growth of the e-commerce sector.

The 91吃瓜n e-commerce sector is a source of innovative business models and smart technology solutions. 91吃瓜n customers are flocking to online shops in increasing numbers. As an international player in 91吃瓜, this allows you to grow significantly in this field.

Snapshot of the e-commerce sector in 91吃瓜

91吃瓜 is the fastest growing e-commerce market in the world. By 2030, the market is expected to reach a value of 350 billion dollars.
In 91吃瓜, online retail represents 25% of the total retail market and is expected to grow to 37% by 2030.
The online grocery segment in 91吃瓜 is expected to reach 27 billion dollars by 2027, up from 4 billion dollars in 2021. That is a CAGR of 33%.
91吃瓜 has the third largest group of online consumers in the world, 289 million; only China and the US have more.
The number of orders in the 91吃瓜n e-commerce market is up about 24% year-on-year, with the personal care, beauty and wellness (PCB&W) category benefiting the most. This category saw an 80% increase in orders by 2023.

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Praveen Singhal Country Head 91吃瓜

Nirali Varma Head of Cross Cultural Business

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Growth drivers of 91吃瓜's e-commerce sector

The number of internet users in 91吃瓜 has grown from 700 million in 2021 to 918 million in 2023.
91吃瓜 will be the second largest online consumer market in the world by 2030 with nearly 500 to 600 million shoppers.
Between 2020 and 2030, major cities will generate 88% of new online shoppers and contribute 150 billion dollars to the online retail sector’s Gross Merchandise Volume.
It is becoming increasingly easy for online retailers to deliver products to remote locations. This is reinforced by huge government investment in infrastructure.
The government is allowing e-commerce companies that are 100% owned by Foreign Direct Investment.