Market Introduction
Presence of emerging economies and rise in adoption of innovative and advanced technologies are contributing to the overall development of the APAC region. The major contributors to the growth of the catering software market in APAC are Australia, China, Japan, India, South Korea and the Rest of APAC. Rapid technological advances, digitalization of economies, and sufficient government support are among the key factors leading to the smooth evolution of these economies from a developing stage to a developed stage in terms of adoption of solutions such as B2B food marketplace platforms. Invention in product selling models by manufacturers is the major factor driving the growth of the APAC B2B food marketplace platforms market.
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.
Market Overview and Dynamics
The B2B food marketplace platforms market in APAC is expected to grow from US$ 9846.03 million in 2021 to US$ 34990.30 million by 2028; it is estimated to grow at a CAGR of 19.9% from 2021 to 2028. The B2B food marketplace platforms are being propelled forth by an increasing number of small and medium businesses. B2B food marketplace platforms allow organizations to reach out to more clients, resulting in essential exposure to the firm. The rising importance of online marketing tools, such as Google advertisements and Facebook advertisements, is also driving the online marketplace. Furthermore, due to the prominence of social media apps, marketing alternatives are aplenty these days, which aid in propelling the online marketplace along development paths.In addition, the usage of 4G and 5G technologies for robust connection is likely to have a beneficial influence on market growth, as it offers users a continuous, seamless experience. Furthermore, the usage of smartphones is accelerating at a rapid pace, boosting the customer's exposure to online buying. As a result, the increasing use of smartphones is driving market development.
Key Market Segments
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 is expected to be the fastest growing during the forecast period. Further beverages is bifurcated into water and others.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the B2B food marketplace platforms market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Agorara, eFoodChoice.com, FoodsTrade, Jumbotail Technologies Pvt. Ltd., Mindcurv GmbH, Telio Vietnam Co., Ltd, and Ukrainian Food Platform among others.
Reasons to buy report
APAC B2B Food Marketplace Platforms Market Segmentation
APAC B2B Food Marketplace Platforms Market -By Enterprise Size
APAC B2B Food Marketplace Platforms Market -By Food Category
APAC B2B Food Marketplace Platforms Market -By Country
APAC B2B Food Marketplace Platforms Market -Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 9846.03 Million |
| Market Size by 2028 | US$ 34990.30 Million |
| CAGR (2021 - 2028) | 19.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific B2B Food Marketplace Platforms Market is valued at US$ 9846.03 Million in 2021, it is projected to reach US$ 34990.30 Million by 2028.
As per our report Asia Pacific B2B Food Marketplace Platforms Market, the market size is valued at US$ 9846.03 Million in 2021, projecting it to reach US$ 34990.30 Million by 2028. This translates to a CAGR of approximately 19.9% during the forecast period.
The Asia Pacific B2B Food Marketplace Platforms Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific B2B Food Marketplace Platforms Market report:
The Asia Pacific B2B Food Marketplace Platforms Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific B2B Food Marketplace Platforms Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific B2B Food Marketplace Platforms Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific B2B Food Market
