B2B Food Marketplace Platforms Market Worth US$ 71628.0 Million, Globally, by 2028 at 17.8% CAGR - Exclusive Report by The Insight Partners

The Insight Partners published latest research study on "B2B Food Marketplace Platforms Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Enterprise Size (Large Enterprises and SMEs) and Food Category (Chilled & Dairy, Grocery, Beverages, and Others) The B2B food marketplace platforms are being propelled forth by an increasing number of small and medium businesses. Small and medium-sized firms are expanding rapidly, particularly in India, South Africa, and Russia. Initiatives such as Make in India and Start-up India have resulted in a growing number of start-ups in nations that use internet marketplace to do business, thereby boosting the market growth. Due to lower communication and infrastructure costs, established organizations and major corporations are gravitating toward the online marketplace. B2B food marketplace platforms allow organizations to reach out to more clients, resulting in essential exposure to the firm. The rising importance of online marketing tools, such as Google advertisements and Facebook advertisements, is also driving the B2B food marketplace platforms market.

Report Coverage Details
Market Size Value in US$ 22728.6 million in 2021
Market Size Value by US$ 71628.0 million by 2028
Growth rate CAGR of 17.8% from 2021 to 2028
Forecast Period 2021- 2028
Base Year 2021
No. of Pages 173
No. Tables 111
No. of Charts & Figures 81
Historical data available Yes
Segments covered Type, and Application
Regional scope North America; Europe; Asia Pacific; Latin America; MEA

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Impact 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.

B2B Food Marketplace Platforms Market Insights

Contractual Pricing of the Products Fueling the Growth of B2B Food Marketplace Platforms Market

Supply firms attract consumers by giving discounts or special deals on a specific product 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 and price transparency in the food B2B sector is maintained. This dynamic typically benefits suppliers, who may price discriminate 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. As a result of this contractual pricing of products, end users can select the optimal number of goods at a fair price, thereby promoting B2B food marketplace platforms.

Food Category -Based Market Insights
Based on food category, the B2B food marketplace platforms market can be categorized into chilled and dairy, grocery, beverages, and others. The grocery segment led the B2B food marketplace platforms market in 2020. Groceries is amongst the most demanding food category in every corner of the world. With rising population, the demand for same has been increased significantly. With growing demand for rice, cereals, flours & starches, instant food, and ready-to-cook meals is driving the entire growth of groceries. Due to large portion of young population in countries, changing lifestyle coupled with limited time is creating huge demand for instant food and ready-to-cook meals. This factor is projected to positively boost the concept of B2B food marketplace in the coming years. Additionally, demand for other food items such as organic products, food ingredients, oils, nuts, herbs, sauces, spices, and seeds as well as sweeteners & honey products is also growing, which is making grocery to hold a dominant share in B2B food marketplace market.

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The players operating in the B2B food marketplace platforms market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2021, B2B grocery delivery startup Jumbotail Technologies said that it had raised $14.2 million in a funding round dubbed 'Series B3', completing a targeted $25 million investment round.

In 2020, FoodMaven announced partnership with The Annex by Ardent Mills (The Annex), to sell its transitional wheat flour to FoodMaven's foodservice customers. FoodMaven and Ardent Mills have been collaborating since past several years to offer grains and flours to customers in Colorado.

The global B2B food marketplace platforms market has been segmented as follows:
Global B2B Food Marketplace Platforms Market - by Enterprise Size
Large Enterprises
SMEs

Global B2B Food Marketplace Platforms Market - by Food Category
Chilled & Dairy
Grocery
Beverages
Others

B2B Food Marketplace Platforms Market-CompanyProfiles
• eFoodChoice.com
• Mindcurv GmbH
• GUSTO MARKETPLACE
• Jumbotail Technologies Pvt. Ltd.
• Agorara
• Ukrainian Food Platform
• FoodMaven
• Telio Vietnam Co., Ltd
• FoodB2BMarketplace.com
• FOOD FOR SALE
• FoodsTrade
• BioLinked

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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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