Press Release

The b2b food marketplace platforms market was valued at US$ 22.7 Bn in 2021 and is projected to reach US$ 71.6 Bn by 2030, at a CAGR of 15.7%. 

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Small and medium-sized businesses are quickly growing in India, South Africa, and Russia, among other places. Initiatives such as Make in India and Start-up India have resulted in an increase in the number of start-ups in countries that conduct business through the online marketplace, encouraging market growth. Established organizations and significant enterprises are migrating toward the internet marketplace due to decreased communication and infrastructure expenses. B2B food marketplace systems enable businesses to reach out to more customers, giving them valuable exposure. The B2B food marketplace platforms industry is also being driven by the increasing relevance of online marketing tools such as Google ads and Facebook ads. The online marketplace is also being driven by the increasing importance of online marketing tools such as Google ads and Facebook ads. Furthermore, due to the popularity of social media apps, marketing options are booming which aid in fueling the online marketplace.

arket expansion is being aided by a growing emphasis on digitization by brick-and-mortar retailers, grocery stores, and start-up businesses, as well as earnings from online sales. Lowering cross-border trade barriers creates substantial potential for sellers and businesses around the world, supposedly allowing them to expand their product reach across many countries. E-commerce enterprises, shopping malls, and other businesses such as small stores and shops are using online marketplaces to sell their goods, bolstering the B2B food marketplace platform industry.

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The COVID-19 epidemic has wreaked havoc on the domestic equipment supply chain and manufacturers, including items sold on B2B food marketplace platforms. The global spread of the COVID-19 virus, followed by lockdown scenarios, has caused e-commerce sector specialists to predict that the domestic supply chain will be disrupted by at least a quarter. Tremors are predicted to occur until mid-2021 as a result of this interruption. After governments across the world gradually relax various containment measures in order to recover the economy, the e-commerce business is expected to pick up speed. The production of home items is expected to pick up speed starting in 2022, which is expected to have a favorable impact on B2B food marketplace platforms.

he small and medium enterprises segment accounted largest market share in 2020 due to the increasing adoption of solutions among the enterprises. The growing startups are investing upon food marketplace platforms are likely to rise the market growth. The grocery segment accounted largest market share in 2020 due to the entire rise of grocery is being driven by rising demand for rice, cereals, flours and starches, instant food, and ready-to-cook meals. Because of the enormous number of young people in many nations, changing lifestyles combined with limited time are driving up demand for rapid food and ready-to-cook meals. North America is expected to dominate the market share of global b2b food marketplace platforms market owing to the presence of key players and advanced technologies focusing on expanding distribution networks.

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KEY INDUSTRY DEVELOPMENTS:

February 2022- ElasticRun has announced $330mn funding led by SoftBank by focusing on rural Indian kirana shops for the expansion of new geographic locations.

February 2020- FoodMaven has partnered with Annex by Ardent Mills to sell its transitional wheat flour to FoodMaven’s foodservice customers.

Read More Details On This Report: https://extrapolate.com/Information-Technology-Communication-IoT/b2b-food-marketplace-platforms-market/25776