B2B FOOD MARKETPLACE PLATFORMS MARKET: OVERVIEW
Global B2B Food Marketplace Platforms Market Size, is expected to be worth USD 22.90 Billion in 2021 and is estimated to reach up to USD 102.32 Billion by 2030, at a compound annual growth rate (CAGR) of 15.07% from 2021 to 2030.
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The growth of B2B food marketplace platforms is being driven by an increasing number of small and medium-sized businesses. A growth in online shopping has been linked to the region's growing number of online stores and virtual marketplaces. Convenience stores, online retailers, and small enterprises are increasingly emphasizing complicated solutions like marketplace systems. The objective is to efficiently and effectively manage and regulate activities and processes. Additionally, the emphasis on digitization that is being placed by traditional retailers, supermarkets, and start-up companies is promoting industry growth.
The COVID-19 outbreak has had a negative influence on the market for b2b food marketplace platforms worldwide due to production units were working with a small staff, the volume expansion of B2B food marketplace platform market participants also slowed. As a result, the market for truck refrigeration has weakened. One of the main industries suffering significant disruptions as a result of the pandemic is the food and beverage sector. For example, there have been supply chain disruptions, technology event cancellations, plant shutdowns, etc. The closure of numerous facilities and factories throughout the world has harmed the global supply chain and had a negative impact on production, delivery schedules, and sales of various goods. All of these factors are anticipated to negatively affect the food and beverage sectors and restrain the growth of the B2B food sector.
B2B FOOD MARKETPLACE PLATFORMS MARKET: TREND
Increasing Use of E-Commerce Platforms
Since the COVID-19 pandemic, e-commerce platforms are being used more and more frequently. The demand for the products would be balanced by expanding omni-channels. The global B2B food marketplace platform market is growing as a result of the rising use of mobile commerce. The vendors and buyers will be able to communicate more effectively thanks to the B2B platform.
B2B FOOD MARKETPLACE PLATFORMS MARKET: DRIVERS
Contractual Pricing of the Products Drive Market Growth
Due to supply firms give discounts or special deals on a specific product or when a certain volume is purchased, customers are drawn to them. Enterprise-level pricing agreements are frequently entered into by enterprises and suppliers to maintain price transparency in the food B2B market and to ensure that the market price of any particular good remains consistent. This dynamic typically works in favor of the suppliers, who may set prices differently based on the ability and willingness of their clients to pay. For instance, eFoodChoice.com is a food B2B online platform that helps foreign food vendors and buyers expand their merchandising channels, expand their online businesses abroad, and sustainably increase their profitability.
Global B2B Food Market Report Coverage
|Market Size in 2021:||USD 22.90 Billion|
|Forecast Period 2021-2030 CAGR:||15.07%|
|2030 Value Projection:||USD 102.32 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||210|
|Tables, Charts & Figures:||75|
|Segments covered:||By Organization Size, By Food Category, By Region, COVID-19 Impact Analysis Report|
|Companies Covered:||Efoodchoice, Mindcurv GmbH, Jumbotail Technologies Pvt. Ltd., DXBUY, Qwipo (Xavica Software Solutions Private Limited), Agorara.com, Solv (SCR&T), FoodsTrade, Biolinked, DeHaat, MaxAB, ElasticRun, udaan, gramfactory, FoodB2BMarketplace.com, BlueCart, Inc., Ukrainian Food Platform, FoodMaven|
|Growth Drivers:||1)Contractual Pricing of the Products Drive Market Growth 2)Growing Usage of Smart Devices Propel Market Growth|
|Pitfalls & Challenges:||Concerns about a Technological Problem That Could Lead to Payment Failure|
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Growing Usage of Smart Devices Propel Market Growth
the advent of 4G and 5G technologies for dependable connections is anticipated to positively affect market growth owing to it offers customers a continuous seamless experience. Additionally, the adoption of smartphones is rising quickly, boosting customer exposure to online purchasing.
B2B FOOD MARKETPLACE PLATFORMS MARKET: RESTRAIN
Concerns about a Technological Problem That Could Lead to Payment Failure
The worldwide B2B food marketplace platform market's expansion may be hampered by technological problems with payment failure and paperwork. The customer has the option of revising his choice. The worldwide b2b food marketplace platforms market's growth is therefore constrained by the requirement for sizable initial investments and maintenance re-investments.
The Global B2B Food Marketplace Platforms market is segmented by Organization Size, Food Category, and Region. Based on the Organization Size, the market is categorized into Large Enterprises & Small and Medium Enterprises. Based on Food Category, the market is categorized into Chilled & Dairy, Grocery, Frozen Food, Bakery, Beverages, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
MARKET SEGMENTATION: BY REGION
The Global B2B Food Marketplace Platforms Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
North America is anticipated to have the largest market share of the worldwide market for B2B food marketplace platforms due to the important players' presence and cutting-edge technology concentrating on growing distribution networks. However, the Asia Pacific is expected to be the fastest growing market for B2B food marketplace platforms during the forecast period due to the customers in China are more willing to spend money on high-quality, safe, and clean products. Imported items have increased as a result of this factor. As a result, milk and protein-based beverages are becoming increasingly popular in China. Additionally, there is a huge demand for flavored water in supermarkets, and customers buy a lot of it. As a result, the production of flavored water is growing, which will have an even greater impact on the availability of the raw materials needed to make flavored water. For instance, the sales of artificial food coloring would increase and would provide the flavored water industry in large quantities. During the forecast period, this factor will have a favorable effect on the expansion of the APAC B2B food marketplace platforms market for beverages.
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B2B FOOD MARKETPLACE PLATFORMS MARKET: KEY PLAYERS
- Mindcurv GmbH
- Jumbotail Technologies Pvt. Ltd.
- Qwipo (Xavica Software Solutions Private Limited)
- Solv (SCR&T)
- BlueCart, Inc.
- Ukrainian Food Platform
B2B FOOD MARKETPLACE PLATFORMS MARKET: RECENT DEVELOPMENT
- February 2022, in order to expand into new regions, ElasticRun has launched a $330 million fundraising round, sponsored by SoftBank, with a focus on rural Indian kirana businesses.
- February 2020, FoodMaven and Annex by Ardent Mills have teamed to sell each other's transitional wheat flour to FoodMaven's foodservice clients.
B2B FOOD MARKETPLACE PLATFORMS MARKET: REPORT OVERVIEW
The scope of the report includes a detailed study of regional markets for Global B2B Food Marketplace Platforms Market. The Global B2B Food Marketplace Platforms market is segmented by Organization Size, Food Category, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global B2B Food Marketplace Platforms Market.
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