Beverages Segment is expected to be the fastest growing during the forecast period for APAC B2B Food Marketplace Platforms Market

  According to a new market research study on “APAC B2B Food Marketplace Platforms Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Enterprise Size and Food Category” is expected to reach US$ 34990.30 million by 2028 from US$ 9846.03 million in 2021. The market is estimated to grow at a CAGR of 19.9% from 2021 to 2028. The report provides trends prevailing in the APAC B2B food marketplace platforms market along with the drivers and restraints pertaining to the market growth. Invention in product selling models by manufacturers is the major factor driving the growth of the APAC B2B food marketplace platforms market. However, issues associated with the reluctance among consumers to shift from brick-and mortar shopping to digital channels hinder the growth of APAC B2B food marketplace platforms market.

The market for APAC B2B food marketplace platforms market is segmented into enterprise size, food category, and country. Based on enterprise size, the market is segmented into SMEs and large enterprises. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be the fastest growing during the forecast period. Based on food category the market is segmented into chilled and dairy, grocery, beverages, and others. The grocery segment dominated the market in 2020 and beverages segment expected to be the fastest growing during the forecast period. Further beverages is bifurcated into water and others. Based on country, the market has been segmented into countries— China, Japan, India, Australia, Indonesia, Malaysia, and Thailand.

The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. The limitations imposed by governments to control the spread of COVID-19 has adversely impacted the food & beverage industry of Asian countries. Closure of hotels, restaurants, and caterers’ business has negatively impacted the adoption of B2B food marketplace in Asian economy.

Agorara, eFoodChoice.com, FoodsTrade, Jumbotail Technologies Pvt. Ltd., Mindcurv GmbH, Telio Vietnam Co., Ltd, and Ukrainian Food Platform among the leading companies in the APAC B2B food marketplace platforms market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, a food B2B online platform is launched under the name www.efoodchoice.com.

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