B2B Food Marketplace Platform Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[230+ Pages Report] According to the report published by Facts & Factors, the global B2B food marketplace platform market size was evaluated at $29 billion in 2022 and is slated to hit $81 billion by the end of 2030 with a CAGR of nearly 20% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace.

The B2B food marketplace platform market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the B2B food marketplace platform industry report explores the investor and stakeholder space to help companies make data-driven decisions.

B2B Food Marketplace Platform Market: Overview

A B2B food marketplace platform links buyers & sellers across the globe. The sellers on this platform can either be vendors or producers. The buyers can be retailers, food service industry participants, and vendors as well as hotels, restaurants, and canteens. The B2B food marketplace platforms can be utilized for trading unprocessed & processed foods. Escalating acceptance of packaged foods, rise in disposable income, and rising modern life trends will push the demand for B2B food marketplace tools in the years ahead.

Key Insights

• As per the analysis shared by our research analyst, the global B2B food marketplace platform market is projected to expand annually at the annual growth rate of around 20% over the forecast timespan (2023-2030)
• In terms of revenue, the global B2B food marketplace platform market was evaluated at nearly $29 billion in 2022 and is expected to reach $81 billion by 2030.
• The global B2B food marketplace platform market is anticipated to record massive growth over the forecast period owing to the rise in the digitization of brick-and-mortar retail shops, startup firms, and grocery units.
• In terms of offering, the grocery segment is slated to register the fastest CAGR over the forecast period.
• Based on enterprise size, the large enterprises segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the Asia-Pacific B2B food marketplace platform market is projected to register the highest CAGR during the assessment period.

B2B Food Marketplace Platform Market: Growth Factors

• Growing focus on using a marketplace platform will expedite the global industry trends

With small firms, convenience stores, and e-commerce firms emphasizing marketplace tools, the B2B food marketplace platform is likely to gain traction in the years ahead. The rise in the digitization of brick-and-mortar retail shops, startup firms, and grocery units will boost global B2B food marketplace platform market trends.

Furthermore, the dynamic pricing of products will propel the growth of the market across the globe. The surging use of smart equipment providing effective communication among sellers & buyers will steer the expansion of the market globally.

Furthermore, the launching of 4G and 5G technologies for reliable connectivity will favorably influence the growth of the B2B food marketplace platform market across the globe. An increase the online shopping activities will embellish the growth of the global market.

B2B Food Marketplace Platform Market: Restraints

• The need for initial capital investments can inhibit the global industry expansion

Technological issues pertaining to the failure of payments as well as issues related to documentation will create hurdles in the growth path of the global B2B food marketplace platform industry. Growing initial investments & maintenance costs are predicted to restrict the industry’s growth globally.

B2B Food Marketplace Platform Market: Opportunities

• The rise in the online purchase of goods will open new avenues of growth for the global market

An increase in online purchases with a surge in the number of online retailers & virtual marketspaces will open new facets of growth for the global B2B food marketplace platform market in the near future. An increase in the number of shopping malls and small shops and the opening of online marketspaces will create new horizons of growth for the global market.  

B2B Food Marketplace Platform Market: Challenges

• Stringent regulation controlling the activities of food & beverages industry to be a major challenge for the global industry

Strict laws governing the food & beverages sector are predicted to prove a huge challenge in the growth of the global B2B food marketplace platform industry.

B2B Food Marketplace Platform Market: Segmentation

The global B2B food marketplace platform market is sectored offering, enterprise size, and region.

In offering terms, the global B2B food marketplace platform market is segregated into chilled & dairy, beverages, grocery, and others. In addition to this, the grocery segment, which accrued over 50% of the global market share in 2022, is slated to record the fastest CAGR in the coming years. The segmental growth in the forecasting years can be due to a rise in the intake of rice, flour, cereals, ready-to-cook meals, instant food, and starches.  

On the basis of enterprise size, the B2B food marketplace platform industry across the globe is sectored into small & medium enterprises and large enterprises segments. Furthermore, the large enterprises segment, which accrued a major share of the global industry in 2022, is slated to lead the segmental surge in the upcoming years. The segmental growth in the forecasting years can be due to the massive penetration of B2B food marketplace tools in large enterprises.

Recent Breakthroughs:

• In the first half of 2022, ElasticRun, a B2B eCommerce tool based in India, declared nearly $330 million in funding led by SoftBank for Indian Kirana shops with a view of expanding across various geographic locations. The strategic initiative is set to prompt the market landscape.
• In the second half of 2021, FoodMaven Corporation, a key player assisting food processing firms in taking food purchasing decisions, signed a partnership deal with Annex for selling the latter’s wheat flour to the former’s food service clients. The move will boost the business space.

Report Scope

B2B Food Marketplace Platform Market: Regional Insights

• North American B2B Food Marketplace Platform market to establish a dominant position over the forecast timeframe

North America, which amassed more than 60% of the global B2B food marketplace platform market revenue in 2022, is anticipated to record a notable surge during the projected timeline. The regional market expansion over 2023-2030 can be subject to the presence of giant players and the launching of new technologies focusing on increasing its distribution networks.

Furthermore, the B2B food marketplace platform industry in the Asia-Pacific region is anticipated to register the highest CAGR in the assessment timeline. The factors that are likely to leverage the growth of the regional industry is a surging population producing massive popularity of B2B food marketplace platform and a surge in the number of small & medium-sized firms that invests in food marketplace tools.

B2B Food Marketplace Platform Market: Competitive Space

• FoodsTrade 
• Efoodchoice.com 
• MaxAB 
• Mindcurv GmbH 
• Jumbotail Technologies Pvt. Ltd. 
• Agorara.com 
• Solv (SCR&T) 
• DXBUY 
• Qwipo (Xavica Software Solutions Private Limited) 
• Biolinked 
• DeHaat 
• ElasticRun 
• udaan 
• BlueCart Inc. 
• gramfactory 
• FoodB2BMarketplace.com 
• FoodMaven 
• Ukrainian Food Platform 
• Others

The global B2B food marketplace platform market is segmented as follows:

By Offering

• Chilled & Dairy
• Beverages
• Grocery
• Others

By Enterprise Size

• Small & Medium Enterprises
• Large Enterprises

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America