PUBLISHER: Market Research Future | PRODUCT CODE: 1647710
PUBLISHER: Market Research Future | PRODUCT CODE: 1647710
Global B2B Food Market Research Report by Product Type (Fresh and Processed), by Type (Sauce/Condiment/Seasoning, Meat and Poultry, Seafood, Bakery and Confectionery, Beverages, Ready-to-Eat and Prepared Foods, and Others), by end user (Food service/Hospitality Sector, Food Manufacturers and Processors, Institutional Buyers, and Others), by distribution channel (Direct and Indirect), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
In 2024, the B2B food market was estimated to be worth USD 1,965.78 billion. With a compound annual growth rate (CAGR) of 3.5% from 2025 to 2034, the B2B food market industry is expected to increase from USD 2,034.42 billion in 2025 to USD 2,770.79 billion by 2032. The main factors behind the expansion of the B2B food market include rising global demand for meat and poultry products as well as rising desire for convenience foods.
A notable development in the B2B food market is the move toward local sourcing, which is being fueled by supply chain difficulties, changing consumer preferences, and environmental concerns. Local procurement methods are becoming more and more important to businesses in an effort to guarantee quality, cut expenses, and improve sustainability. As people want to know where their food comes from and how it affects the environment, this trend fits with the growing desire for transparency and traceability. The B2B food industry places a strong emphasis on local sourcing for a number of reasons. Growing understanding of environmental sustainability is one important motivator. Local food sourcing reduces carbon emissions by cutting down on transportation distances. Furthermore, the COVID-19 pandemic revealed weaknesses in international supply chains, which led companies to implement more robust, local procurement practices. Additionally, local sourcing boosts local economies by providing farmers and small and medium-sized businesses (SMEs) with expansion prospects.
Perspectives on Market Segments
The B2B food market is divided into two segments based on product type: fresh and processed.
Sauce/Condiment/Seasoning, Meat and Poultry, Seafood, Bakery and Confectionery, Beverages, Ready-to-Eat and Prepared Foods, and Others are the types of foods that are included in the B2B food market segmentation.
Food, service/hospitality sector, food manufacturers and processors, institutional buyers, and others are the segments of the B2B food market based on end users.
Direct and indirect distribution channels are included in the B2B food market segmentation.
Regional Perspectives
North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the regions for which the study offers market information. In 2023, the B2B food market in North America made up about 33.7%. The B2B food sector in North America performs well because of several important advantages. Fresh vegetables, prepared foods, and condiments are among the bulk food items that are in high demand due to the growth of quick-service restaurants (QSRs) and fast-casual dining venues. The desire for a wide range of ethnic and specialty food products is also fueled by the diversity of North America's people. Businesses are sourcing organic, sustainable, and clean-label ingredients in response to health-conscious consumers, which is driving the B2B industry.
Due in large part to the high level of consumer demand for products, Asia Pacific is predicted to hold the second-largest market share. The need for fresh and processed food products in restaurants and hotels is increased by the region's varied culinary scene and growing popularity of eating out. Growing retail chains and online grocery platforms are driving major growth in nations like China and India, opening up a plethora of options for business-to-business suppliers. Additionally, the demand for premium and organic food ingredients is fueled by the growing trend of health-conscious eating and product premiumization.
Mondelez International, Nestle, Danone, Archer Daniels Midland Company, Cheetah, Sysco, Cargill, Mars Inc., Tyson Food, and US Foods Industries Corporation are some of the leading companies in the market.