The ease of buying from online channels or websites is expected to drive the growth of Global B2B online grocery market during the forecast period, 2023-2027.
According to TechSci Research report, “Global B2B Online Grocery Market By Region, Competition Forecast & Opportunities, 2027”, the global B2B online grocery market is expected to grow with impressive CAGR in the forecast period, 2023-2027. The growth of the market can be attributed to the surging e-commerce sector, along with the rising disposable income of consumers. Several e-commerce platforms have reached billions of households across the globe by delivering numerous household essentials as well as fresh and dry groceries to the doorstep of the customer. As per recent research, about 96% of Americans shop online grocery every year. Apart from this, opening an online grocery store is convenient, cheap, and allows the seller to commence the business with low investment. In addition, it allows the food industry suppliers to stay ahead of the coemption. The convenience of shopping online provides a hassle-free shopping experience, facilities doorstep delivery on time, and offers various discounts and cashback offers as well. As a result, various retailers are increasingly setting up their online B2C grocery market, which eventually is fueling the B2B online grocery market. Besides this, a B2B platform offers a suitable platform to companies that helps them launch comprehensive analytical campaigns. Through online selling platforms, companies can easily track and measure sales effectiveness, product mix, inventory turns, customer engagement, and their needs. According to a survey, almost 70% of B2B buyers find purchasing from online channels or websites more convenient rather than buying from a sales representative. Besides this, the effects of coronavirus and stringent lockdown across many nations around the world have triggered a total digital transformation. In addition to this, the increasing internet penetration, growing usage of smartphones, and rising acceptance of online modes of payment are providing lucrative growth opportunities to online sellers, hence, the overall B2B online grocery market is expected to propel over the forecast period.
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The global B2B online grocery market is segmented into product t category, mode of payment, regional distribution, and competitive landscape. Based on product category, the market is divided into condiments and seasonings, food grains & flours, bread & bakery, dairy products, meat & poultry products, and others. Among these food grains & flours are expected to hold the largest market share over the coming years. This is primarily because it is food grains & flours are the staple food of numerous people, particularly across the Asia-Pacific region. These are the daily cooking essentials, and with the option of doorstep delivery, the consumers prefer ordering the daily food essentials from online grocery apps. As a result, food industry suppliers also look forward to stocking up their stores with food grains and flour.
Based on the mode of payment, the market is divided among pre-delivery online payment, online payment on delivery, and cash on delivery. Among these, online payment on delivery is expected to dominate the global market due to the increasing acceptance of quick, cashless online payments along with the rising penetration of the internet and smartphones. This also enables the vendors to firstly check the food products in person before making them available at their online portals. As a result, the online payment on delivery segment is anticipated to propel the global B2B online grocery market over the coming years.
Major market players operating in Saudi Arabia automotive ventilated seats market are:
- Amazon.in, Inc.
- 3 Seasons Technology Co., Ltd.(eFoodChoice)
- Jumbotail Technologies Pvt. Ltd.
- Oknettv Pty Ltd (Agorara)
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- Foodstrade
- BioLinked
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“The rapid digital transformation that allows effective B2B commerce and enables an organization to grow and scale their business easily by meeting the customer needs and demands. It also allows to open new sales verticals and reach untapped market segments, which is strengthening the global B2B online grocery market. Moreover, technological advancements such as automation ordering and integration of big data and artificial intelligence with online grocery apps eliminate the need to configure data, hence reducing the workload of food suppliers and increasing business efficiency. New market players are advised to develop SEO-friendly content for their e-commerce website in order to improve their search engine ranking and increase the chances of connecting with the target audience”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global B2B Online Grocery Market), By Product Category (Condiments and Seasonings, Food Grains & Flours, Bread & Bakery, Dairy Products, Meat & Poultry Products, Other), By Mode of Payment (Pre-Delivery Online Payment, Online Payment on Delivery, Cash on Delivery) By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Saudi Arabia automotive ventilated seats market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia automotive ventilated seats market.
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