According to the new research report titled “B2B Food Marketplace Platforms Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the Market is expected to reach US$ 71, 628.0 million by 2028, registering a CAGR of 17.8% from 2022 to 2028.
Companies are concentrating their efforts on enhancing their production capacity, go-to-Market processes, and digital activities such as expanding their e-commerce presence and scale. COVID-19 has provided every other firm an incentive to make changes in their Marketing strategy post normalcy. Every organization, big or small, has been concentrating on developing new business models to meet the Market's changing needs. For example, PepsiCo Inc. has launched its direct-to-consumer (DTC) websites Snacks.com and PantryShop.com in response to the increased demand caused by the COVID-19 pandemic. Both websites are aimed to gain profit from the growing trend of people using e-commerce to satisfy their food and beverage demands amidst the current health crisis. PepsiCo is promoting its Pepsi, Frito-Lay, Gatorade, Quaker Oats, and other well-known brands on these sites. This type of initiative aids other businesses in innovating their online Marketplaces based on demand. As a whole, these variables are anticipated to contribute to the B2B food Marketplace platform's growth.
The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of household equipment, including the item published on B2B food Marketplace platforms. The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the e-commerce industry experts to analyze that the industry would face at least a quarter of lag in household supply chain. This disruption is expected to create tremors through till mid-2021. The e-commerce industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily in order to revive the economy. The production of the household items is anticipated to gain pace from 2022 which is further foreseen to positively influence the B2B food Marketplace platforms.
Key Findings of Study:
The B2B food Marketplace platforms Market is segmented on the basis of enterprise size, food catergory and geography. By geography, the Market is segmented into five major regions—North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South & Central America (SCAM). Asia Pacific held the largest share of the Market in 2020, followed by North America and Europe. Further, the Market in Asia Pacific is projected to witness the highest growth rate during the forecast period. Based on enterprise size, the Market is segmented into large enterprises and Sme’s. The large enterprise segment represented the largest share of the overall Market in 2021. In terms of food category, the Market is segmented into chilled & dairy, grocery, beverages, and others. In 2020, the grocery segment accounted for the substantial share of the Market.
RD – 2
B2B food Marketplace Platforms Market is expected to grow from US$ 22728.6 million in 2021 to US$ 71628.0 million by 2028
The global B2B food Marketplace Platforms Market is expected to grow from US$ 22728.6 million in 2021 to US$ 71628.0 million by 2028; it is estimated to grow at a CAGR of 17.8% from 2021 to 2028.
The B2B food Marketplace platforms connect buyers and sellers across the world. The sellers at these platforms can be producers or vendors, and the buyers are retailers, vendors, and food service industry players such restaurants, hotels, and canteens. Processed as well as unprocessed foods are traded on these platforms.
The B2B food Marketplace platforms Market is experiencing significant growth owing to the proliferation of smartphones and tablets, which facilitates better communication between SME'S and buyers. Moreover, contractual pricing of the products is further fueling the growth of the Market. Further, increasing adoption of packaged food products and growing food service industry owing to rising disposable income and inclination toward modern lifestyle is further propelling the adoption of B2B food Marketplace platforms. Additionally, growing offshore renewable industry is among the other factors complementing the Market growth. Moreover, the COVID-19 outbreak has positively impacted to the growth of the Market as buyers and sellers are opting digital solution for conducting business operations.
Key Players Influencing the Market
eFoodChoice.comMindcurv GmbHGUSTO MARKETPLACEJumbotail Technologies Pvt. Ltd.AgoraraUkrainian Food PlatformFoodMavenTelio Vietnam Co., LtdFoodB2BMarketplace.comFOOD FOR SALEFoodsTradeBioLinkedImpact of COVID-19 Pandemic on B2B Food Marketplace Platforms Market
The B2B food Marketplace platform Market players also experienced a slowdown in the volumes attributing to the fact that the production units were operating with a limited workforce. This has had a negative impact on the truck refrigeration Market. The food & beverages industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, shutdown of production plants, etc., because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South and Central America, and the Middle East, and Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. All these factors are anticipated to affect the food & beverages industries in an adverse manner and thus act as restraining factor for the growth of B2B food Marketplace platform Markets in the coming months.
The overall B2B food Marketplace platform Market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Market. The process also serves the purpose of obtaining overview and forecast for the B2B food Marketplace platform Market with respect to all the segments. It also provides the overview and forecast for the global B2B food Marketplace platform Market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic
Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPRE00015838 /
Answers that the report acknowledges:
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028
Call: +1-646-491-9876
Email: [email protected]
0
Sign in to leave a comment.