8 Biggest Ecommerce Sectors Today
The pandemic has accelerated the already high speed with which e-commerce is taking over traditional retail. It is predicted that by 2024, e-commerce revenue will exceed in-person shopping. E-commerce is defined as online purchases of consumable and durable goods for personal use. Total e-commerce revenue in 2021 was $799.5 billion and it shows no signs of slowing down with projections for 2022 totaling nearly $908 billion.
Wicked Reports used data compiled from Statista’s e-commerce market forecast to rank each e-commerce sector by revenue in 2021. The percentage change from the previous year is also included. Purchases of digital media and online services, such as payment for streaming movies and booking tickets respectively, are not included in this report.
The electronic goods category includes home appliances and consumer electronics. Media includes physical CDs, games, and books. Food includes fresh and processed foods as well as pet food. The beverage category includes all hot, cold and alcoholic beverages. Toys, hobbies and crafts include children’s toys, sporting goods and other home repair and hobby supplies. Furniture includes moving and functional parts like beds and chairs. Fashion includes clothing and accessories for men, women and children. Beauty, health, personal and household care includes cosmetics and cleaning products.