FMCG B2B e-Commerce Market to Reach $1220.5 Billion, Globally, by 2031 at 9.0% CAGR: Allied Market Research
Thursday, December 15, 2022
The adoption of artificial intelligence and the internet of things in B2B e-commerce trading, creative approaches to effectively trade food and beverage products, and increased export and import of various cleaning products drive the growth of the global FMCG b2b e-commerce market.
PORTLAND, Ore., Dec. 7, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "FMCG B2B e-Commerce Market by Product type (Home care, Food & Beverages, Personal care & cosmetics, Healthcare, Others), by End user (Offline retailers, Distributers, Food service, Specialty store, Hypermarket/Supermarket, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global FMCG B2Be-commerceindustry generated $520.8 billion in 2021, and is anticipated to generate $1220.5 billion by 2031, witnessing a CAGR of 9.0% from 2022 to 2031.
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Prime determinants of growth
The adoption of artificial intelligence and the internet of things in B2B e-commerce trading, creative approaches to effectively trade food and beverage products, and increased export and import of various cleaning products drive the growth of the global FMCG b2b e-commerce market. However,complicated internal logistics of the food and beverage supply chain restricts the market growth. Moreover, integration of new technologies tends to make the e-commerce experience seamless for both B2B consumers as well as sellers,which presents new opportunities in the coming years.
Covid-19 Scenario
-- The outbreak of the Covid-19 pandemic had a positive impact on the
global FMCG B2Be-commerce market, owing to temporary closure of local
retail shops during the lockdown.
-- The pandemic led to the partial or complete shutdown of production
facilities, which do not come under essential goods & services.
Therefore, a surge in demand for FMCG products through online channels
during this period resulted in a huge growth in the market.
-- The population across the globe had to stay at home during the pandemic
period and this increased the demand for online buying of food products
and home care products. Also, the increased sales of food and beverages
through online channels is likely to foster the FMCG B2B e-commerce
market.
The personal care & cosmetics segment to maintain its leadership status throughout the forecast period
Based on product type, the personal care & cosmetics segment held the highest market share in 2021, accounting for more than one-fourthof the global FMCG B2Be-commerce market, and is estimated to maintain its leadership status throughout the forecast period.Moreover, the same segment is projected to manifest the highest CAGR of 9.6% from 2022 to 2031. This is majorly attributed to the change in buying patterns of consumers influencing demand as well as the growth of the market.Also, the population across the globe has been highly conscious about appearance and personal hygiene, thus creating demand for personal care products.
The offline retailers segment to maintain its lead position during the forecast period
Based on end user, the offline retailers segment accounted for the largest share in 2021, contributing to more than one-fourth of the global FMCG B2Be-commerce market, and is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 9.7% from 2022 to 2031, owing to the benefits offered by the segment such as wide customer base, money value, variety, and low cost.
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Asia-Pacific to maintain its dominance by 2031
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global FMCG B2Be-commerce market, and is likely to dominate the market during the forecast period. Moreover, the sameregion is expected to witness the fastest CAGR of 9.6% from 2022 to 2031. Increase in spending capabilities. This is due to the widely scattered manufacturing units and businesses, prevalence of numerous B2B e-commerce sites that offers varieties of products to B2B consumers across the globe, and expansion of enterprises and development of technology in developing economies in the region.
Leading Market Players: -
-- Alibaba Group Holding
-- Amazon Inc.
-- AmericanasSA
-- EBay Inc.
-- Global Sources
-- Indiamart Intermesh Ltd.
-- The Kroger Co
-- Staples Inc.
-- Rakuten Group, Inc.
-- Walmart,Inc.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research
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