Report : North America B2B Food Market place Platforms
Large Enterprises Segment to Dominate North America B2B Food Marketplace Platforms Market during 2021–2028
According to a new market research study on “North America 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$ 17305.33 million by 2028 from US$ 6079.90 million in 2021. The market is estimated to grow at a CAGR of 16.1% from 2021 to 2028. The report provides trends prevailing in the North America B2B food marketplace platforms market along with the drivers and restraints pertaining to the market growth. Growth of smartphones and tablets facilitates better communications between SME's and buyers is the major factor driving the growth of the North America B2B food marketplace platforms market. However, issues associated with the unwillingness among consumers to shift from brick-and mortar shopping to digital channels hinder the growth of North America B2B food marketplace platforms market.
The market for North America 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 is 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—US, Canada, and Mexico.
The ongoing pandemic has drastically altered the status of the food & beverage industry and has negatively impacted the growth of the market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. The disruptive value chain has had a negative impact on raw material supply, which, in turn, is impacting the growth of the B2B food marketplace market. However, as the economies are planning to revive their operations, the industry is expected to rise globally. With the growing consciousness towards health amongst consumers and diversification of application bases in post-pandemic times, the B2B food marketplace is expected to take huge leaps.
eFoodChoice.com, FOOD FOR SALE, FoodMaven, FoodsTrade, and Ukrainian Food Platform are among the leading companies in the North America 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 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.
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