Blockchain Press Releases
B2B Food Marketplace Platform Global Market Report 2023: Sector to Reach $81 Billion by 2030 at a 20% CAGR
NEW YORK, July 7, 2023 /PRNewswire/ — The global B2B Food Marketplace Platform market size was valued at USD 29 billion in 2022 and is expected to reach a value of USD 81 billion by 2030, registering a CAGR of 20% during the forecast period (2023- 2030), as highlighted in a report published by Facts and Factors.
Report Link with All Related Graphs & Charts: https://www.fnfresearch.com/b2b-food-marketplace-platform-market
B2B Food Marketplace Platform Market: Overview
A global B2B food marketplace platform connects buyers and vendors. Sellers on this platform may be either vendors or manufacturers. Retailers, food service industry participants, and purveyors, as well as hotels, restaurants, and canteens, can be the purchasers. The B2B food marketplace platforms can be used for the exchange of raw and processed commodities. In the coming years, the demand for B2B food marketplace tools will be pushed by the escalating adoption of packaged foods, the increase in disposable income, and the expansion of modern lifestyle trends.
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- 2023 Updated Report Introduction, Overview, and In-depth industry analysis
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- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes an Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors Methodology
Key Industry Insights & Findings of the B2B Food Marketplace Platform Market Reports:
- As per the analysis, the B2B Food Marketplace Platform market share is likely to grow above a CAGR of around 20% between 2023 and 2030.
- The B2B Food Marketplace Platform market size was worth around US$ 29 billion in 2022 and is estimated to hit approximately US$ 81 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- 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 Drivers
- Increasing importance of marketplace platforms will accelerate global industry trends
With small businesses, convenience stores, and e-commerce companies emphasizing marketplace tools, it is likely that the B2B food marketplace platform will gain traction in the coming years. The rise in the digitization of brick-and-mortar retail stores, startup companies, and grocery stores will stimulate market trends for B2B food marketplace platforms worldwide.
Moreover, the dynamic pricing of products will drive the global expansion of the market. The global expansion of the market will be driven by the increasing use of intelligent equipment that enables effective communication between sellers and consumers. In addition, the introduction of 4G and 5G technologies for dependable connectivity will positively impact the expansion of the global B2B food marketplace platform market. A rise in online purchasing will contribute to the expansion of the global market.
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Global B2B Food Marketplace Platform Market: Segmentation Analysis
The global market for B2B food marketplace platforms is segmented by offering, enterprises size, and region.
The global B2B food marketplace platform market is segmented by offering in to chilled & dairy, beverages, grocery, and others. In addition, the grocery segment, which accounted for over fifty percent of the global market share in 2022, is projected to have the highest CAGR over the next few years. A rise in the consumption of rice, flour, cereals, ready-to-cook meals, instant food, and carbohydrates may account for the segment’s growth in the coming years.
On the basis of enterprises size, the global B2B food marketplace platform industry is segmented into small & medium enterprises and large enterprises. In addition, the large enterprises segment, which accounted for a sizable portion of the global market in 2022, is projected to lead the segmental expansion in the coming years. Large enterprises’ enormous adoption of B2B food marketplace tools may account for the segment’s projected growth in the coming years.
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Competitive Players
The report contains qualitative and quantitative research on the global B2B Food Marketplace Platform Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global B2B Food Marketplace Platform market include;
- 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
Key questions answered in this report:
- What is the growth rate forecast and market size for B2B Food Marketplace Platform Market?
- What are the key driving factors propelling the B2B Food Marketplace Platform Market forward?
- What are the most important companies in the B2B Food Marketplace Platform Market Industry?
- What segments does the B2B Food Marketplace Platform Market cover?
- How can I receive a free copy of the B2B Food Marketplace Platform Market sample report and company profiles?
Report Scope:
Report Attribute |
Report Details |
Market Size in 2022 |
USD 29 Billion |
Market Forecast in 2030 |
USD 81 Billion |
Growth Rate |
CAGR of 20% |
Base Year |
2022 |
Forecast Years |
2023- 2030 |
Key Companies Covered |
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, and others. |
Segments Covered |
By Offering, Enterprise Size, and Region |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Recent Developments:
- 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.
Regional Analysis:
- North American B2B Food Marketplace Platform market to dominate during forecast period
North America, which accounted for more than 60 percent of the global B2B food marketplace platform market’s revenue in 2022, is expected to experience a significant increase during the forecast period. The regional market expansion between 2023 and 2030 may be contingent on the presence of major actors and the introduction of new technologies aimed at expanding distribution networks.
In addition, the B2B food marketplace platform industry in Asia-Pacific is anticipated to record the maximum CAGR over the forecast period. The factors that are likely to contribute to the expansion of the regional industry are a rising population resulting in the widespread adoption of B2B food marketplace platforms and an increase in the number of small and medium-sized businesses investing in food marketplace tools.
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 Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Browse Other Related Research Reports from Facts & Factors
- Global plant-based milk market size was evaluated at $10.1 billion in 2022 and is slated to hit $25.3 billion by the end of 2030 with a CAGR of nearly 10.2% between 2023 and 2030
- Global nutraceuticals market size was evaluated at $353 billion in 2022 and is slated to hit $700 billion by the end of 2030 with a CAGR of nearly 9.4% between 2023 and 2030
- Global food additives market size was evaluated at $107.23 billion in 2022 and is slated to hit $170.49 billion by the end of 2030 with a CAGR of nearly 6.5% between 2023 and 2030
- Global food emulsifiers and texturizers market size was valued at 3.9 billion in 2022 and is anticipated to surpass USD 6.4 billion during the predicted period. The market is expected to grow with a CAGR of 5.6% between 2023-2030
- Global yeast market size was worth around USD 5 billion in 2021 and is predicted to grow to around USD 7 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.79% between 2022 and 2030
Browse Through Facts and Factors Coverage of the Global Food & Beverages Industry
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Blockchain
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
Blockchain
OKX Announces Support for New USDC Spot Trading Pairs
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
Blockchain
ShibaSwap rolls out major upgrade, moves to Shibarium
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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