At 11.9% CAGR, the South & Central America B2B Food Marketplace Platform Market is projected to be worth US$ 1,761.45 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South & Central America B2B food marketplace platform market was valued at US$ 897.40 million in 2022 and is expected to reach US$ 1,761.45 million by 2028, registering a CAGR of 11.9% from 2022 to 2028. Better communications between SMEs and buyers due to smartphones and tablets and increasing adoption of e-commerce platforms are among the critical factors attributed to the South & Central America B2B food marketplace platform market expansion.        

An increase in online purchasing is attributed to the growing number of online retailers and virtual marketplaces across the world. Small enterprises, c-stores, and e-commerce corporations are increasingly focusing on sophisticated solutions such as marketplace platforms. These platforms assist in efficient and effective management and control of their operations and processes. E-commerce companies, shopping malls, and other businesses, such as small stores and shops, are turning to online marketplaces to sell their products, which is boosting the B2B food marketplace platform industry.

On the contrary, reluctance among consumers to shift to online buying platforms hampers the South & Central America B2B food marketplace platform market. 

Based on food category, the South & Central America B2B food marketplace platform market is segmented into chilled and dairy, grocery, beverages, and others. The grocery segment held 47.0% share of South & Central America B2B food marketplace platform market in 2022, amassing US$ 421.52 million. It is projected to garner US$ 869.07 million by 2028 to expand at 12.8% CAGR during 2022–2028.

Based on enterprise size, the South & Central America B2B food marketplace platform market is segmented into SMEs and large enterprises. The large enterprises segment held 56.9% share of South & Central America B2B food marketplace platform market in 2022, amassing US$ 510.79 million. It is projected to garner US$ 949.03 million by 2028 to expand at 10.9% CAGR during 2022–2028.

Based on country, the South & Central America B2B food marketplace platform market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 74.2% share of South & Central America B2B food marketplace platform market in 2022. It was assessed at US$ 665.98 million in 2022 and is likely to hit US$ 1,280.40 million by 2028, exhibiting a CAGR of 11.5% during 2022–2028.      

Key players operating in the South & Central America B2B food marketplace platform market are Agorara (OKNetTV Pty Ltd), Amazon.com Inc, Biolinked, and eFoodChoice.com (3 Seasons Technology Co Ltd), among others.   

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com