The B2B Food Marketplace Platform Market report provides a basic overview of the market including definitions, classifications, applications and Market chain structure. The B2B Food Marketplace Platform Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.
The B2B food marketplace platform market is expected to grow from US$ 29,326.79 million in 2022 to US$ 78,988.62 million by 2028; it is expected to grow at a CAGR of 18.0% from 2022 to 2028.
B2B food marketplace platforms connect buyers and sellers across the world. The sellers at these platforms can be producers or vendors, while the buyers can be retailers; vendors; and food service industry players, such as restaurants, hotels, and canteens. These platforms are used for trading processed and unprocessed foods. The B2B food marketplace platform market is experiencing significant growth owing to the proliferation of smartphones and tablets, facilitating better communication between SMEs and buyers. Moreover, the contractual pricing of the products is fueling the B2B food marketplace platform market growth. The increasing adoption of packaged food products, the growing food service industry owing to rising disposable income and increasing inclination toward modern lifestyle, and the flourishing offshore renewable industry are likely to continue to propel the B2B food marketplace platform market growth in the coming years. The COVID-19 pandemic has positively impacted the B2B food marketplace platform market growth as buyers and sellers opt for digital solutions for business operations.
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Players operating in the B2B food marketplace platform market are mainly focused on developing advanced and efficient products.
Major Key Points of B2B Food Marketplace Platform Market
The Key Players in The Global B2B Food Marketplace Platform Market Are:
FoodMaven, Amazon, eFoodChoice.com, Cheetah technologies Inc., Eworldtrade.com, FoodsTrade, Ufoodin, Pod foods Co., Emerge Srl, and Notch
Increasing Adoption of E-Commerce Platforms Boosts Demand for B2B Food Marketplace Platform Market
An increase in online purchasing is attributed to the growing number of online retailers and virtual marketplaces worldwide. Small enterprises, c-stores, and e-commerce corporations are increasingly focusing on sophisticated solutions such as marketplace platforms. These platforms assist in efficient and effective management and control of their operations and processes. Furthermore, the increasing emphasis on digitization by brick-and-mortar retailers, grocery shops, and start-up firms, as well as burgeoning revenues from online selling, is favoring the expansion of the B2B food marketplace platform market in the US. The reduction in cross-border trade barriers worldwide is creating significant opportunities for sellers and enterprises, particularly in the US, to extend their product reach internationally. E-commerce companies, shopping malls, and other businesses, such as small stores and shops, are turning to online marketplaces to sell their products, which is boosting the B2B food marketplace platform market growth.
Food Category-Based Market Insights
Based on food category, the B2B food marketplace platform market is divided into chilled & dairy, grocery, beverages, and others. The grocery segment accounted for the largest share of the market in 2021. In terms of food category, groceries are in high demand in every corner of the world. With the rising population, the demand for the same has increased significantly. The growing demand for rice, cereals, flour and starches, instant food, and ready-to-cook meals is driving the market for the grocery segment. Growing young population and changing lifestyles, , are creating a huge demand for instant food and ready-to-cook meals. This factor is projected to boost the growth of the B2B food marketplace market in the coming years. Additionally, the demand for other food items such as organic products, food ingredients, oils, nuts, herbs, sauces, spices, seeds, and sweeteners & honey products is also growing, resulting in the dominant share of the segment in the B2B food marketplace market.
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