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Middle East & Africa B2B Food Marketplace Platform Market Forecast to 2028
Middle East & Africa B2B Food Marketplace Platform Market Forecast to 2028 – Regional Analysis – by Food Category (Chilled and Dairy, Grocery, Beverages, and Others) and Enterprise Size (SMEs and Large Enterprises)
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Description
Increasing Adoption of E-Commerce Platforms Fuels Middle East & Africa B2B Food Marketplace Platform Market
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. Lowering cross-border trade barriers throughout the world creates significant opportunities for sellers and enterprises to extend their product reach internationally. 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.
Middle East & Africa B2B Food Marketplace Platform Market Overview
The Middle East & Africa (MEA) market is segmented into South Africa, the UAE, Turkey, Nigeria, Morocco, and the Rest of MEA. At present, the Gulf countries are steadily inclining toward the adoption of transformative digital technologies in various industry verticals with an objective to develop and enhance the overall socio-economic conditions of the countries. The changing consumer preference is another factor supporting the rise in the use of digital technologies. Thus, the Middle East & Africa B2B food marketplace platforms market across the region is positively influenced by several factors such as a surge in demand for advanced digital technology and optimization of business operations in the food & beverages and food service industries.
The MEA has observed a rapid rise in food production and consumption. The food service industry’s growth has led to the increased import of various food items such as vegetables, sugar, fat, meat, wheat, and rice. Thus, due to the increasing demand for convenience and ready-to-cook food products, the need for B2B food marketplace platforms is also growing across the region. Further, owing to the strong cultural influence in the region, the practice of dining out by the local masses is significantly lower compared to other regions. Thus, all these factors are contributing to the growth of the food service industry, which is subsequently propelling the adoption of B2B food marketplace platforms in the region.
Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa B2B Food Marketplace Platform Market Segmentation
The Middle East & Africa B2B food marketplace platform market is segmented into food category, enterprise size, and country.
Based on food category, the Middle East & Africa B2B food marketplace platform market is segmented into chilled and dairy, grocery, beverages, and others. The grocery segment held the largest share of the Middle East & Africa B2B food marketplace platform market in 2022.
Based on enterprise size, the Middle East & Africa B2B food marketplace platform market is segmented into SMEs and large enterprises. The large enterprises segment held a larger share of the Middle East & Africa B2B food marketplace platform market in 2022.
Based on country, the Middle East & Africa B2B food marketplace platform market is segmented int o South Africa, the UAE, Turkey, Nigeria, Morocco, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa B2B food marketplace platform market in 2022.
Agorara (OKNetTV Pty Ltd), Amazon.com Inc, eFoodChoice.com (3 Seasons Technology Co Ltd), and Global Trade Plaza (Webixy Technologies Pvt. Ltd) are some of the leading companies operating in the Middle East & Africa B2B food marketplace platform market.
Summary Info
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According to the research team’ research, the Middle East & Africa B2B food marketplace platform market was valued at US$ 1,568.98 million in 2022 and is expected to reach US$ 3,436.00 million by 2028, registering a CAGR of 14.0% from 2022 to 2028. Better communications between SMEs and buyers due to smartphones and tablets and contract-based pricing of products are among the critical factors attributed to the Middle East & Africa B2B food marketplace platform market expansion.
The demand for B2B food marketplace platforms is mainly driven by small and medium enterprises. The availability of well-developed internet infrastructure and acceptance of advanced technologies create a favorable environment for start-ups in the country, especially for companies that use the internet marketplace to do business. Due to lower communication and infrastructure costs, established organizations and major corporations are also gravitating toward the online marketplace. B2B food marketplace platforms allow organizations to reach out to more clients, thereby providing essential exposure to the firm. The rising importance of online marketing tools, such as Google and Facebook advertisements, is also propelling the online marketplace. Furthermore, due to the prominence of social media apps, marketing alternatives are aplenty these days, which aid in the continuous development of the online marketplace.
4G and 5G technologies, which aid in robust internet connectivity, are likely to have a beneficial impact on the B2B food marketplace platform market in the coming years, as it offers users a continuous, seamless experience. Moreover, customers’ exposure to online buying is increasing with the elevating use of smartphones, which supports the market growth.
On the contrary, reluctance among consumers to shift to online buying platforms hampers the Middle East & Africa B2B food marketplace platform market.
Based on food category, the Middle East & Africa B2B food marketplace platform market is segmented into chilled and dairy, grocery, beverages, and others. The grocery segment held 45.7% share of Middle East & Africa B2B food marketplace platform market in 2022, amassing US$ 717.63 million. It is projected to garner US$ 1,654.12 million by 2028 to expand at 14.9% CAGR during 2022-2028.
Based on enterprise size, the Middle East & Africa B2B food marketplace platform market is segmented into SMEs and large enterprises. The large enterprises segment held 59.9% share of Middle East & Africa B2B food marketplace platform market in 2022, amassing US$ 939.85 million. It is projected to garner US$ 1,955.81 million by 2028 to expand at 13.0% CAGR during 2022-2028.
Based on country, the Middle East & Africa B2B food marketplace platform market has been categorized into South Africa, the UAE, Turkey, Nigeria, Morocco, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 35.4% share of Middle East & Africa B2B food marketplace platform market in 2022. It was assessed at US$ 556.18 million in 2022 and is likely to hit US$ 1,141.44 million by 2028, exhibiting a CAGR of 12.7% during 2022-2028.
Key players operating in the Middle East & Africa B2B food marketplace platform market are Agorara (OKNetTV Pty Ltd), Amazon.com Inc, eFoodChoice.com (3 Seasons Technology Co Ltd), and Global Trade Plaza (Webixy Technologies Pvt. Ltd), among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa B2B Food Marketplace Platform Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa B2B Food Marketplace Platform Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1.1 Scope of the Study
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa B2B Food Marketplace Platform Market – by Food category
1.3.2 Middle East & Africa B2B Food Marketplace Platform Market – by Enterprise Size
1.3.3 Middle East & Africa B2B Food Marketplace Platform Market – by Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa B2B Food Marketplace Platform Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Middle East & Africa
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa B2B Food Marketplace Platform Market – Key Market Dynamics
5.1 MARKET DRIVERS
5.1.1 Better Communications Between SMEs and Buyers Due to Smartphones and Tablets
5.1.2 Contract-Based Pricing of Products
5.2 MARKET RESTRAINTS
5.2.1 Reluctance Among Consumers to Shift to Online Buying Platforms
5.3 MARKET OPPORTUNITIES
5.3.1 Innovations in Product Selling Models
5.4 FUTURE TRENDS
5.4.1 Increasing Adoption of E-Commerce Platforms
5.5 Impact Analysis of Drivers and Restraints
6. B2B Food Marketplace Platform Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa B2B Food Marketplace Platform Market Overview
6.2 Middle East & Africa B2B Food Marketplace Platform Market Forecast and Analysis
7. Middle East & Africa B2B Food Marketplace Platform Market – by Food Category
7.1 Overview
7.2 Middle East & Africa B2B Food Marketplace Platform Market, By Food Category (2021 and 2028)
7.3 Chilled and Dairy
7.3.1 Overview
7.3.2 Chilled and Dairy: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
7.4 Grocery
7.4.1 Overview
7.4.2 Grocery: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
7.5 Beverages
7.5.1 Overview
7.5.2 Beverages: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa B2B Food Marketplace Platform Market – by Enterprise Size
8.1 Overview
8.2 Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise size (2021 and 2028)
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa B2B Food Marketplace Platform Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa B2B Food Marketplace Platform Market, by Key Country
9.1.1.1 UAE: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 UAE: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.1.2 UAE: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
9.1.1.2 Morocco: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Morocco: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.2.2 Morocco: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
9.1.1.3 South Africa: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 South Africa: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.3.2 South Africa: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
9.1.1.4 Turkey: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Turkey: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.4.2 Turkey: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
9.1.1.5 Nigeria: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Nigeria: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.5.2 Nigeria: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
9.1.1.6 Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category
9.1.1.6.2 Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 Amazon.com Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 3 Seasons Technology Co Ltd (efoodchoice.com)
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Oknettv Pty Ltd (Agorara)
11.3.1 Business Description
11.3.2 Products and Services
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 Webixy Technologies Pvt Ltd (Global Trade Plaza)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Glossary
LIST OF TABLES
Table 2. Middle East & Africa B2B Food Marketplace Platform Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. UAE: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. UAE: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. Morocco: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 6. Morocco: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 8. South Africa: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 9. Turkey: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Turkey: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 11. Nigeria: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 12. Nigeria: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market, By Food Category – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Middle East & Africa B2B Food Marketplace Platform Market
LIST OF FIGURES
Figure 2. Middle East & Africa B2B Food Marketplace Platform Market Segmentation – Country
Figure 3. Middle East & Africa B2B Food Marketplace Platform Market Overview
Figure 4. Middle East & Africa B2B Food Marketplace Platform Market, by Food Category
Figure 5. Middle East & Africa B2B Food Marketplace Platform Market, by Enterprise Size
Figure 6. Middle East & Africa B2B Food Marketplace Platform Market, by Country
Figure 7. Middle East & Africa: PEST Analysis
Figure 8. Middle East & Africa B2B Food Marketplace Platform Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Middle East & Africa B2B Food Marketplace Platform Market: Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa B2B Food Marketplace Platform Market, Forecast and Analysis (US$ Mn)
Figure 12. Middle East & Africa B2B Food Marketplace Platform Market, By Food Category (2021 and 2028)
Figure 13. Chilled and Dairy: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Grocery: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Beverages: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East & Africa B2B Food Marketplace Platform Market, By Enterprise Size (2021 and 2028)
Figure 18. SMEs: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Large Enterprises: Middle East & Africa B2B Food Marketplace Platform Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East & Africa B2B Food Marketplace Platform Market, by Key Country- Revenue (2021) (US$ Mn)
Figure 21. Middle East & Africa B2B Food Marketplace Platform Market Revenue Share, by Key Country (2021 & 2028)
Figure 22. UAE: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Morocco: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. South Africa: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Turkey: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Nigeria: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of MEA: Middle East & Africa B2B Food Marketplace Platform Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Middle East & Africa B2B Food Market
o Agorara
o Amazon.com Inc
o eFoodChoice.com
o Global Trade Plaza
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