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FMCG B2B e-Commerce Market Size to Grow USD 1220.5 Million by 2031 at a CAGR of 9% | Valuates Reports

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BANGALORE, India, Sept. 16, 2024 /PRNewswire/ — FMCG B2B e-Commerce Market By Product type (Home care, Food & Beverages, Personal care & cosmetics, Healthcare, Others), By End user (Offline retailers, Distributors, Food service, Specialty store, Hypermarket/Supermarket, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

The Global FMCG B2B e-Commerce Market size was valued at USD 520.8 billion in 2021, and is projected to reach USD 1220.5 billion by 2031, growing at a CAGR of 9% from 2022 to 2031.

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Major Factors Driving the Growth of FMCG B2B e-Commerce Market:

The FMCG B2B e-commerce market is rapidly expanding as businesses increasingly turn to online platforms for bulk purchasing and streamlined procurement processes. Companies in sectors like food and beverages, personal care, and cosmetics benefit from e-commerce solutions that offer improved supply chain management, real-time tracking, and competitive pricing. These platforms enable businesses to access a wider range of products, compare prices efficiently, and reduce operational costs. As more traditional retailers adopt digital solutions to stay competitive, the market is expected to see continued growth, particularly in regions like Asia-Pacific, where digitalization and rising consumer demand are driving the market forward. Additionally, the adoption of e-procurement solutions is enhancing operational efficiency, making FMCG B2B e-commerce a crucial component of modern business strategies.

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TRENDS INFLUENCING THE GROWTH OF THE FMCG B2B E-COMMERCE MARKET:

The food and beverages industry is a major force behind the growth of the FMCG B2B e-commerce market. The increasing need for efficient supply chain solutions and bulk purchasing by restaurants, hotels, and catering services is fueling demand in this space. B2B e-commerce platforms provide businesses with access to extensive inventories, real-time order tracking, and timely deliveries, all while helping to reduce operational costs. Additionally, online wholesale marketplaces enable businesses to compare prices and encourage competition, thus expanding opportunities. As consumers seek greater convenience and variety, this sector is poised to remain a strong driver of growth.

Offline retailers are leveraging B2B e-commerce platforms to enhance procurement processes and streamline inventory management. By embracing online solutions, traditional brick-and-mortar stores are able to access a diverse range of suppliers, secure competitive pricing, and improve their product offerings. These platforms allow for bulk orders and real-time stock tracking, which helps to reduce logistical challenges and increase supply chain efficiency. This transition to digital procurement is especially evident in small and mid-sized retailers, who are adapting to remain competitive in an increasingly dynamic marketplace.

The personal care and cosmetics industry is a significant contributor to the FMCG B2B e-commerce market’s expansion. As demand for beauty and personal care products grows, businesses in this sector are increasingly turning to B2B platforms to source a variety of items from different suppliers. These platforms enable retailers and wholesalers to efficiently purchase cosmetics, skincare, and hair care products in bulk, optimizing their supply chains. The ability to compare prices, track shipments, and ensure timely deliveries enhances operational efficiency, making B2B e-commerce indispensable in this sector.

Supply chain optimization is a critical factor in the growth of the FMCG B2B e-commerce market. With features such as automated order tracking, dynamic inventory management, and seamless communication with suppliers, these platforms allow businesses to streamline operations and reduce lead times. B2B e-commerce platforms offer transparency throughout the supply chain, enabling businesses to monitor and manage each step, from procurement to delivery. This enhanced efficiency leads to cost savings, improved customer service, and better resource allocation, providing a competitive edge in the market.

The growing demand for bulk purchases in industries such as food and beverages, personal care, and cosmetics is driving the FMCG B2B e-commerce market. Businesses in these sectors require large quantities of products to meet customer needs, and e-commerce platforms provide the scalability needed to handle these orders efficiently. Bulk purchasing online offers significant advantages, including cost savings, better supplier relationships, and quicker turnaround times. With features like price comparison, bulk discounts, and streamlined logistics, B2B e-commerce platforms are becoming essential for businesses seeking to optimize their purchasing strategies.

The increasing adoption of e-procurement solutions is also boosting the FMCG B2B e-commerce market. E-procurement platforms automate procurement processes, enhance supplier management, and streamline order fulfillment. By digitizing procurement, businesses can reduce paperwork, eliminate errors, and improve overall efficiency. These platforms provide real-time tracking and reporting, allowing businesses to monitor spending and optimize supplier agreements. The demand for scalable, cost-effective, and transparent procurement solutions is driving more businesses to adopt e-commerce platforms for their procurement needs.

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FMCG B2B E-COMMERCE MARKET SHARE ANALYSIS

 The Asia-Pacific region leads the FMCG B2B e-commerce market, largely due to the integration of digital tools in B2B transactions and the everyday use of essential goods. Factors such as low costs, a broad product range, and value-for-money deals are driving growth in this region. Major players like Alibaba and IndiaMart have contributed to the market’s expansion through competitive strategies. As population growth and technological advancements continue, the region’s market share is expected to rise further.

Offline retailers currently dominate the market, benefiting from transitioning from traditional to digital commerce, which offers advantages such as discounts and promotional offers. By product type, the personal care and cosmetics segment had the highest revenue in 2021, with a CAGR of 9.6%. Expanding product varieties and growing demand for skincare items are expected to drive significant growth in this segment over the coming years.

The food and beverage sector continues to hold the largest share of the FMCG B2B e-commerce market due to consistent demand, diverse offerings, and the suitability of these products for online distribution. However, market dynamics will likely shift in response to evolving consumer preferences, technological innovations, and economic changes.

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Key Companies:

FMCG CompaniesAlibaba Group HoldingAmazonAmericanas saEBAYGlobal SourcesIndiaMART InterMESH Ltd.The Kroger Co.StaplesRakuten Group Inc.Walmart

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

B2B Marketplace Platforms market was valued at USD 625 Million in 2023 and is anticipated to reach USD 1079.7 Million by 2030, witnessing a CAGR of 7.8% during the forecast period 2024-2030.B2B Payments Platform MarketB2B Gateway Software MarketPrice Optimization and Management (PO&M) Software for B2B market was valued at USD 535 Million in 2023 and is anticipated to reach USD 1059.8 Million by 2030, witnessing a CAGR of 10.1% during the forecast period 2024-2030.B2B Debt Collection Service MarketB2B Enterprise & Industrial Wearables MarketFMCG Packaging Design and Printing Service Market

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Technology

Keuka College Notifies Individuals of Data Security Incident

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42 mins ago

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September 20, 2024

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

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SOURCE Keuka College

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Technology

TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program

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42 mins ago

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September 20, 2024

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Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.

TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.

TeraBox reveals some of its impressive Referral Program data.

TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.

The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.

TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.

As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.

About TeraBox

TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.

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Technology

Industrial Rack and Pinion Market to Grow by USD 998.6 Million (2024-2028), AI Redefining Market Landscape Amid Rising Demand for Machine Tools – Technavio

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2 hours ago

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September 20, 2024

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global industrial rack and pinion market size is estimated to grow by USD 998.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45%  during the forecast period. Growth of industrial manufacturing leading to increase in demand for machine tools is driving market growth, with a trend towards increasing demand for stairlifts in offices. However, availability of substitutes for rack and pinion systems  poses a challenge. Key market players include Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd..

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Industrial Rack And Pinion Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 998.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.41

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, US, Germany, India, and Canada

Key companies profiled

Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd.

Market Driver

The industrial rack and pinion market is experiencing growth due to the increasing demand for stairlifts in commercial and industrial applications. Stairlifts are essential for employees who face difficulties climbing stairs in multi-level industrial facilities. Arthritis, joint stiffness, and injuries are common reasons for this challenge. While elevators are an option, not all industrial buildings have them, especially those with only a few floors above the ground level. Stairlifts offer a cost-effective solution for such facilities, enabling employees to access upper floors with ease. These devices utilize long pieces of straight and curved racks and large pinions, leading to an increased demand for rack and pinion systems in the industrial sector. As a result, the global industrial rack and pinion market is poised for growth during the forecast period. 

The Industrial Rack and Pinion Market is witnessing significant growth due to its extensive applications in various industries. Key sectors driving this market include machine tools, actuators, process industries, material handling, offices, and stairlifts. Rack and pinion systems offer precise rotary and linear motion, making them ideal for machine tools and actuators. In process industries, they are used in drive trains and condition monitoring systems for IoT applications. ZHY Gear, a leading industrial gear manufacturer, specializes in rack and pinion gears for diverse industries. Their zero backlash gearboxes are popular in wind turbine gearboxes, motor technology, and construction equipment. Furthermore, rack and pinion systems are used in power plants, oilfields, and offices for material handling and stairlifts. The integration of IoT technology in these systems enhances efficiency and productivity. 

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Market Challenges

The industrial rack and pinion market involves the production and sale of linear actuation mechanisms that convert rotary motion into linear motion. Rack and pinion systems are a common choice due to their ability to provide fast movement over long lengths without excessive vibration. However, alternatives such as ball screws and lead screws also exist, each with their unique advantages and disadvantages. Ball screw systems offer smooth and almost friction-free movement but can vibrate at high speeds and longer lengths. In contrast, rack and pinion systems have high friction and a risk of backlash if the pinion does not properly engage with the rack. Ultimately, the choice between these mechanisms depends on the specific requirements of end-users, with some preferring smooth and friction-free systems, while others prioritize high-speed operation. The presence of multiple substitutes and the varying needs of end-users may hinder the growth of the global industrial rack and pinion market during the forecast period.The Industrial Rack and Pinion Market caters to various industries such as power plants, oilfields, machine tools, process industries, material handling, offices, and more. Two primary types of motion – rotary and linear – are served by this market. Key applications include actuators, stairlifts, and industrial gear in wind turbine gearboxes. Challenges in this sector include ensuring zero backlash for precise motion control, integrating IoT and condition monitoring technologies, and catering to diverse industries like motor technology, drive trains, and construction equipment. Notable players in the market include ZHY Gear, addressing the needs of power plants, oilfields, and other sectors with their high-quality rack and pinion solutions.

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Segment Overview

This industrial rack and pinion market report extensively covers market segmentation by

Product 1.1 Machine tools1.2 Linear actuation and guideways1.3 Material handlingType 2.1 Alloy steel2.2 Carbon steel2.3 Stainless steel2.4 Aluminum alloy2.5 PlasticGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Machine tools-  The Industrial Rack and Pinion Market refers to the business sector that produces and sells rack and pinion systems for industrial applications. These systems consist of a rack, which is a flat bar with teeth, and a pinion, which is a gear that meshes with the rack. Rack and pinion systems are used in various industries, including material handling, automotive, and construction, to convert rotary motion into linear motion. The market for these systems is driven by factors such as increasing automation in industries and growing demand for efficient material handling solutions. Companies in this market offer customized solutions to meet specific industry requirements.

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Research Analysis

The Industrial Rack and Pinion Market encompasses various industries including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems are essential components in these industries, providing rotary and linear motion solutions. They are used in machine tools for precise positioning and in actuators for industrial automation. In process industries, they are employed for valve actuation and pump drives. For material handling, they offer zero backlash and high torque for efficient conveyor systems. In the construction industry, rack and pinion systems are used in cranes and hoists. In the realm of renewable energy, they are integral to wind turbine gearboxes. Motor technology and drive trains also utilize rack and pinion systems for efficient power transmission. IoT and condition monitoring systems enhance the performance and reliability of rack and pinion applications. Industrial gear manufacturers like ZHY Gear produce high-quality rack and pinion systems for diverse industries.

Market Research Overview

The Industrial Rack and Pinion Market encompasses various industries and applications, including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems provide rotary and linear motion solutions, essential in industries that require precise and efficient power transmission. These systems are integral to machine tools for accurate positioning and movement. In material handling, they power conveyor belts and other automated systems. Actuators, such as those used in process industries, rely on rack and pinion for precise control and zero backlash. The market also caters to IoT and condition monitoring systems, enhancing industrial gear efficiency and performance. ZHY Gear, a leading manufacturer, offers rack and pinion solutions for diverse applications, from wind turbine gearboxes to motor technology and drive trains. Construction equipment, power plants, oilfields, and various other industries benefit from the reliability of rack and pinion systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMachine ToolsLinear Actuation And GuidewaysMaterial HandlingTypeAlloy SteelCarbon SteelStainless SteelAluminum AlloyPlasticGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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