E-Commerce of Agricultural Products Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

E-Commerce of Agricultural Products Market

Electronic commerce (E-commerce) refers to trade conducted by the internet and website. On the basis of network technology (mainly Internet/Web), E-commerce offers supports such as the sharing of trade information between companies and clients, trade execution and some process system and operation mode to maintain relationship.

The global E-Commerce of Agricultural Products revenue was US$ million in 2022 and is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during the review period (2023-2029).

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Major Trends

The growth of the e-commerce market for agricultural products is being driven by the increasing digitalization of the agriculture sector and the shift towards online platforms for purchasing farming goods. E-commerce platforms provide farmers with access to a wide variety of agricultural products, ranging from seeds and fertilizers to machinery and equipment. This accessibility enables farmers to procure products more efficiently, reducing middlemen and lowering costs. Additionally, the growing internet penetration and mobile usage in rural areas, along with government initiatives to promote digital agriculture, are helping boost the market. E-commerce platforms also offer value-added services such as product reviews, delivery tracking, and customized solutions, further enhancing their appeal.

E-Commerce of Agricultural Products Market Trends

Rising Internet Penetration in Rural Areas:

The increasing adoption of smartphones and internet connectivity in rural areas is fueling the growth of the e-commerce market for agricultural products. Farmers in remote locations can now easily access online platforms to purchase necessary farming inputs, which were previously hard to obtain. The growing rural e-commerce penetration is expected to continue, expanding the market's reach and providing farmers with better access to competitive prices and product variety.

E-Commerce Platforms Offering Value-Added Services:

Online platforms are increasingly offering value-added services like crop advisory, weather forecasting, and farm management tools. These services help farmers make more informed decisions, improving crop yield and reducing operational costs. By integrating such services with e-commerce platforms, companies are creating a more comprehensive ecosystem that adds greater value to their offerings. This trend is expected to drive further adoption of online agricultural product sales, as it supports the evolving needs of farmers in an increasingly data-driven environment.

Integration of Artificial Intelligence and Big Data:

The incorporation of AI and big data analytics into agricultural e-commerce platforms is a major trend. By leveraging AI, these platforms are able to provide personalized recommendations for products based on a farmer's specific needs, improving the buying experience. Big data analytics allows for better inventory management, price forecasting, and demand prediction, which enhances the efficiency and profitability of agricultural e-commerce platforms. As technology continues to evolve, these platforms are expected to become more sophisticated, further driving market growth.

E-Commerce of Agricultural Products Market Share

In China, E-Commerce of Agricultural Products key players include Alibaba Group, JD, sfbest, etc.

Heilongjiang is the largest market, with a share about 10%, followed by Jilin, and Anhui, both have a share over 10 percent.

By Type
• Snacks, Nuts, Specialties
• Aquatic products, Meat, Fruits and Vegetables
• Drinks
• Traditional Tonic Products
• Grain and Oil, Rice and Flour, Dry Goods
• Flowers, Green Plants, Gardening

By Application
• Household
• Hotel
• Restaurant
• School
• Hospital

Key Companies
Alibaba Group, JD, Amazon, Walmart, Carrefour, Womai, Sainsbury's, Chronodrive, Sfbest, Benlai, Tootoo, FreshDirect, EfoodDepot, LeShop, Publix, Agrihelp, Ninjacart, WayCool, Crofarm, KrishiHub, Kisan Network, Grofers, Big Basket, Country Delight

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This release was published on openPR.