North America B2B Food Market to Grow at a CAGR of 16.1% to reach US$ 17,305.33 Mn Million from 2021 to 2028

The B2B food marketplace platforms market in North America is expected to grow from US$ 6079.90 million in 2021 to US$ 17305.33 million by 2028; it is estimated to grow at a CAGR of 16.1% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. The B2B food marketplace platforms are being propelled forth by an increasing number of small and medium businesses. Small and medium-sized firms are expanding rapidly. Due to lower communication and infrastructure costs, established organizations and major corporations are gravitating toward the online marketplace. 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.

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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the B2B food marketplace platforms market. The North America B2B food marketplace platforms market is expected to grow at a good CAGR during the forecast period.

North America B2B Food Marketplace Platforms Market Segmentation

North America B2B Food Marketplace Platforms Market – By Enterprise Size

• SMEs
• Large Enterprises

North America B2B Food Marketplace Platforms Market – By Food Category

• Chilled and Dairy
• Grocery
• Beverages
  • Water
  • Others
• Others

North America B2B Food Marketplace Platforms Market- By Country

• US
• Canada
• Mexico

North America B2B Food Marketplace Platforms Market-Companies Mentioned

• eFoodChoice.com
• FOOD FOR SALE
• FoodMaven
• FoodsTrade
• Ukrainian Food Platform

North America B2B Food Marketplace Platforms Report Scope