B2B Food Marketplace Platform Market Size & Share | Report 2028
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.
Supply firms attract consumers by giving discounts or special deals on their products or when a certain volume is purchased. Suppliers and businesses frequently enter into enterprise-level pricing arrangements, and the market price of any given item is kept consistent. Price transparency is maintained in the food B2B sector as well. This dynamic typically benefits suppliers, who may adopt a price discrimination strategy based on customers' ability and willingness to pay. For example, eFoodChoice.com is a food B2B online platform firm that helps international food vendors and buyers expand their merchandising channels, develop their online business internationally, and sustainably increase their profitability. Depending on the quantity of the goods, the firm provides an exclusive pricing range for the buyers. The company has also set minimum order quantities (MOQs) for each product category. With such contractual pricing of products, end users can select the optimal number of goods at a fair price, triggering the demand for B2B food marketplace platform market.
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B2B Food Market: Strategic Insights
B2B Food Market
-
CAGR (2022 - 2028)
18.0%
-
Market Size 2022
US$ 29.33 Billion
-
Market Size 2028
US$ 78.99 Billion
Market Dynamics
GROWTH DRIVERS
- E-commerce adoption in the food industry
- Rise of online food procurement
- Need for efficient supply chain management
- Increasing demand for food traceability and quality control
- Growing preference for sustainable and organic food products
- Need for real-time inventory management and order tracking
- Rise of cloud-based solutions for food businesses
- Increasing globalization of food trade
FUTURE TRENDS
- Increased use of AI and machine learning for predictive analytics
- Blockchain technology for enhanced food traceability and transparency
- Integration with AR/VR for immersive product experiences
- Rise of voice-activated ordering and search
- Development of personalized food recommendations based on customer preferences
- Focus on sustainability and ethical sourcing
- Emergence of subscription-based models for recurring orders
- Integration with social media platforms for brand promotion and customer engagement
OPPORTUNITIES
- Expansion into emerging markets
- Integration with advanced technologies like AI and IoT
- Development of specialized platforms for niche food segments
- Offering value-added services like logistics and financing
- Partnerships with food producers, suppliers, and distributors
- Customization of platform features for specific customer needs
- Strong focus on data analytics and insights
- Development of mobile-friendly platforms for on-the-go access
Key Players
- FoodMaven
- Amazon
- eFoodChoice com
- Cheetah technologies Inc
- Eworldtrade com
- FoodsTrade
- Ufoodin
- Pod foods Co
- Emerge Srl
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Offering
- Chilled & Dairy
- Grocery
- Beverages
Enterprise Size
- Small and Medium Enterprises and Large Enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
B2B Food Market: Strategic Insights
-
CAGR (2022 - 2028)18.0% -
Market Size 2022
US$ 29.33 Billion -
Market Size 2028
US$ 78.99 Billion
Market Dynamics
- E-commerce adoption in the food industry
- Rise of online food procurement
- Need for efficient supply chain management
- Increasing demand for food traceability and quality control
- Growing preference for sustainable and organic food products
- Need for real-time inventory management and order tracking
- Rise of cloud-based solutions for food businesses
- Increasing globalization of food trade
- Increased use of AI and machine learning for predictive analytics
- Blockchain technology for enhanced food traceability and transparency
- Integration with AR/VR for immersive product experiences
- Rise of voice-activated ordering and search
- Development of personalized food recommendations based on customer preferences
- Focus on sustainability and ethical sourcing
- Emergence of subscription-based models for recurring orders
- Integration with social media platforms for brand promotion and customer engagement
- Expansion into emerging markets
- Integration with advanced technologies like AI and IoT
- Development of specialized platforms for niche food segments
- Offering value-added services like logistics and financing
- Partnerships with food producers, suppliers, and distributors
- Customization of platform features for specific customer needs
- Strong focus on data analytics and insights
- Development of mobile-friendly platforms for on-the-go access
Key Players
- FoodMaven
- Amazon
- eFoodChoice com
- Cheetah technologies Inc
- Eworldtrade com
- FoodsTrade
- Ufoodin
- Pod foods Co
- Emerge Srl
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Chilled & Dairy
- Grocery
- Beverages
- Small and Medium Enterprises and Large Enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Impact of COVID-19 Pandemic on APAC B2B Food Marketplace Platform Market
The COVID-19 pandemic severely impacted APAC countries as they are highly populated, which increased the risk of spreading SARS-CoV-2. According to the Organization for Economic Co-operation and Development (OECD), in 2020, the pandemic affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. The limitations imposed by governments of APAC countries to control the spread of COVID-19 adversely impacted the food & beverages industry. The shutdown of hotels, restaurants, and caterers' businesses decreased the adoption of the B2B food marketplace platforms in the Asia Pacific economy, as online deliveries were restricted due to the lockdown. However, in Q3 of 2020, the hotels, restaurants, and caterers restarted their businesses, which are expected to grow in the coming years. In addition, the growing tourism will lead to the growth of the food service industry in the region, which will further fuel the B2B food marketplace platform market growth during the forecast period.
Market Insights – B2B Food Marketplace Platform Market
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.
B2B Food Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 29.33 Billion |
Market Size by 2028 | US$ 78.99 Billion |
Global CAGR (2022 - 2028) | 18.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Offering
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Players operating in the B2B food marketplace platform market are mainly focused on developing advanced and efficient products.
- In 2022, Cheetah closed a Series C Round of financing totaling US$ 60 million and announced that it had concluded three acquisition transactions with Palo Alto Foods, Esteson, and Joseph Martin Foods.
- In 2022, Pod Foods, launched Pod Foods Capital, a financing tool that enables emerging brands to gain access to easy and affordable capital to help grow their brand.
The key players profiled in the B2B food marketplace platform market include FoodMaven, Amazon, eFoodChoice.com, Cheetah technologies Inc., Eworldtrade.com, FoodsTrade, Ufoodin, Pod foods Co., Emerge Srl, and Notch.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, and Enterprise Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Malaysia, Mexico, Morocco, Nigeria, Russian Federation, South Africa, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global market size of B2B food marketplace platform market by 2028 will be around US$ 78,988.62 million
The China holds a major market share of B2B food marketplace platform market in 2022
The estimated global market size for the B2B food marketplace platform market in 2022 is expected to be around US$ 29,326.79 million
The factors such as better communications between SMEs and buyers due to smartphones and tablets and contract-based pricing of products are contributing to the growth of the market
Thailand, Malaysia and Mexico register high growth rate during the forecast period
An increase in online purchasing is attributed to the growing number of online retailers and virtual marketplaces across the world. Small enterprises, c-stores, and e-commerce corporations are increasingly focusing on sophisticated solutions such as marketplace platforms. 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 industry.
Grocery segment is expected to hold a major market share of B2B food marketplace platform market in 2022
Asia Pacific is expected to register highest CAGR in the B2B food marketplace platform market during the forecast period (2022-2028)
FoodMaven; Amazon; eFoodChoice.com; Cheetah technologies Inc.; and Eworldtrade.com are the key market players expected to hold a major market share of B2B food marketplace platform market in 2022
The List of Companies - B2B Food Marketplace Platform Market
- FoodMaven
- Amazon
- eFoodChoice.com
- Cheetah technologies Inc.
- Eworldtrade.com
- FoodsTrade
- Ufoodin
- Pod foods Co.
- Emerge Srl
- Notch