Technology
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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4 months agoon
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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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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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Equipboard Unveils Sleek Redesign to Enhance Music Gear Discovery for Musicians Worldwide
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January 11, 2025By
Redesign Introduces Modern Features, Streamlined Navigation, and Richer Content to Inspire and Support Music Makers Globally
AUSTIN, Texas, Jan. 11, 2025 /PRNewswire-PRWeb/ — Equipboard, the leading online community for musicians and gear enthusiasts, announces the launch of its newly redesigned website. With a modern look, streamlined navigation, and powerful new features, the redesign sets a new standard for connecting artists, producers, and hobbyists with the tools they need to create music.
Since its inception in 2013, Equipboard has grown into the world’s largest database of music gear used by professionals and amateurs alike. The redesign reflects the platform’s commitment to fostering creativity, offering transparent information, and making gear discovery and purchasing easier and more enjoyable for its global user base.
What’s New?
Equipboard’s redesign is more than just a fresh coat of paint. It introduces a host of improvements aimed at elevating the way users explore, share, and connect over their favorite gear:
Modernized Design: A sleek, responsive layout ensures a seamless experience across all devices, with improved readability and accessibility. Enhanced Navigation: Faster, more intuitive browsing helps users discover gear, artists, and inspiration effortlessly. Whether searching for a guitarist’s pedalboard or a producer’s go-to synth, the information is now at their fingertips. Richer Content: Equipboard now features in-depth guides, expert-curated collections, and a revamped artist gear section to inspire and inform users at all levels of their musical journey. Personalized Experience: Registered users can now enjoy a more tailored interface, saving their favorite gear and creating wishlists for their next creative adventure. Price Comparisons Across Leading Retailers: Equipboard helps musicians make informed decisions by comparing prices on music gear from top retailers, ensuring they get the best value for their investment. Community-Focused Features: New tools make it easier for users to contribute to Equipboard’s ever-growing database, ensuring the platform remains the most trusted source for music gear information.
“Equipboard has always been about empowering musicians by connecting them with the tools and insights they need,” said Michael Pierce, Co-Founder. “This redesign reflects our commitment to innovation and community, creating an experience that’s as inspiring as the gear our users discover. From in-depth artist insights to real-time price comparisons, we’re excited to see how these improvements help musicians worldwide make better gear choices and create amazing music.”
About Equipboard
Equipboard is the ultimate online resource for musicians and gear enthusiasts. With a mission to provide transparent, community-driven information about the gear used by artists and professionals, Equipboard has become a trusted destination for millions of music creators. The platform also simplifies the buying process with its innovative price comparison tool, helping users find the best deals from leading retailers. From electric guitars to studio monitors, Equipboard’s extensive database helps users make informed decisions about their music-making journey.
The redesigned Equipboard is now live at https://equipboard.com, offering a fresh look and enhanced tools to support music creators in exploring the gear behind their favorite artists’ sound.
Media Contact
Michael Pierce, Equipboard, 888-888-8888, contact@equipboard.com, https://equipboard.com/
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SOURCE Equipboard
Technology
CES 2025: The Global Stage for Innovation, Connecting the World, Creating the Future
Published
7 hours agoon
January 11, 2025By
Where Technology Meets Humanity to Create Extraordinary Possibilities
LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — CES® 2025, the most powerful tech event in the world, welcomed over 141,000 attendees from around the globe. With more than 4500 exhibitors, including 1400 startups, and more than 6000 media attendees, CES highlights the innovation and technology trends addressing global challenges and shaping the future.
“CES is where innovation comes to life,” said Gary Shapiro, CEO and Vice Chair, Consumer Technology Association (CTA)®, owner and producer of CES. “From the largest companies to trailblazing startups, the entire tech ecosystem is at the show. CES is the stage for groundbreaking product launches, transformative partnerships, and serendipitous business moments that define the future of technology.”
CES 2025 by the Numbers*
4500+ exhibitors, including 1400 startups141,000+ attendees, of which 40% were international from over 150 countries, regions, and territories6000+ global media, content creators, and industry analystsOver 60% of Fortune 500 companies300+ conference sessions with 1200+ speakers27,000+ news stories and content
*pre-audit figures
“From groundbreaking innovations that improve lives to transformative ideas that redefine industries, CES is a celebration of the art of the possible, showcasing how technology enriches our world and inspires a brighter future for all,” said Kinsey Fabrizio, President, CTA. “The evolution of CES has surged at this year’s show, where creativity, connectivity, and innovation inspire with visionary keynotes, thought-provoking conference sessions, and mind-blowing exhibits.”
As one of the most transparent trade shows, CES adheres to rigorous auditing standards established by UFI, The Global Association of the Exhibition Industry. To maintain the integrity of its reports, CES engages independent auditors, fostering trust among stakeholders.
“CES reaffirms its status as the largest audited annual business event,” said Fabrizio. “We look forward to releasing third-party confirmation in the spring, because at CTA we believe auditing is not just a nice-to-have, but the gold standard for global business events.”
Catch all the highlights and announcements from CES 2025 – including all conference programming—via CES YouTube and the CES Tech Talk Podcast. Watch the CES 2025 State of the Industry Address here.
CES 2025 Highlights
Artificial Intelligence – CES 2025 connected the dots between humanity and AI through powerful exhibits and programming. From AI-driven productivity tools to breakthroughs in medical advancements, products and services on the show floor demonstrated that artificial intelligence is not just a technology trend but a transformative force improving lives worldwide.
Exhibitors included: AMD, Hisense, LG, NVIDIA, Qualcomm, Samsung, Siemens, TCL
Digital Health – This year, CES 2025 saw tremendous energy at the Venetian where attendees witnessed the category’s seamless alignment with the smart living experience. CES has cemented itself as a premier convenor for the healthcare industry, bringing together trailblazers to explore biotechnology, telehealth, and wellness advancements that enhance patient care and longevity. Attendees celebrated the vibrant and dynamic environment that underscored how technology is transforming everyday life, particularly in health and wellness.
Exhibitors & Sponsors included: AARP, Abbott, Eyebot, FlowBeams, Lumia Health, OnMed, Panasonic, ResMed, Withings
Energy Transition – With the growth of high-power demand technologies like AI, cloud, and other data center innovations, the energy transition to zero carbon sources was a significant focus at CES 2025. Experimental energy solutions including battery and energy storage technologies, emerging energy sources like green hydrogen, and small modular nuclear reactors were highlights on the show floor.
Exhibitors included: Eaton, Jackery, Otrera, SK, Sony Honda Mobility
Mobility – Mobility innovation spanned construction, agriculture, marine tech, and advanced air travel. At CES 2025, self-driving and electric technologies enhanced planes and boats, and EV market growth brought new models from global OEMs to the show. Automation in construction and industry enhanced safety and addressed workforce gaps in labor-intensive roles.
Exhibitors included: Aptera Motors, BMW, Bosch, Brunswick, Caterpillar, Daedong, Garmin, Honda, Invo Station, John Deere, Kubota, Mobileye, Oshkosh, Scout Motors, Sumitomo Rubber, Scout Motors, Suzuki, Waymo, Xpeng AeroHT, Zeekr
Quantum – CES 2025 featured the latest innovations in quantum technologies, offering a glimpse into the future. Quantum technology uses properties of quantum mechanics to enable three distinct disciplines: improved networking, computing, and sensing. Innovations at the show demonstrated how quantum computing, working alongside AI, will allow for breakthroughs in research and computing for finance, chemistry, materials, logistics, and more.
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Sustainability – Sustainability is a crucial trend shaping technology innovation, especially in the context of energy transition. CES featured key advancements including new battery technologies, alternative material development like graphene, and off-grid renewable energy solutions. The show also put a spotlight on innovations such as synthetic microbes, bioplastics, and self-healing concrete that will contribute to sustainable construction.
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NVIDIA founder and CEO Jensen Huang on Monday drew 6300 attendees to unveil the GeForce RTX 50, surpassing the RTX 4090 in performance, and introduced Agentic AI, a real-time assistant to streamline consumer workflows. Huang also showcased the Cosmos World Foundation Model and generative AI tools to advance robotics navigation. Highlighting AI-driven innovation, Huang announced a partnership with Toyota to develop next-gen autonomous vehicles using the safety-certified NVIDIA DriveOS.
Panasonic Holdings Corporation
Panasonic Holdings Group CEO Yuki Kusumi shared Panasonic Group’s vision for sustainability, artificial intelligence, and the health of future generations. DJ and record producer Steve Aoki jump-started the keynote with a performance before Mr. Kusumi, joined on stage by Marvel actor Anthony Mackie and other Panasonic Group leaders, delivered Panasonic’s “Well Into the Future” message. As an extension of the current Panasonic Well portfolio, Panasonic announced Umi, a holistic digital family wellness platform and coach.
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Jennifer Witz, CEO, SiriusXM, joined Ashley Flowers, #1 female podcaster in the U.S. and host of the hit podcast Crime Junkie, on the C Space stage to deliver a keynote on the intersection of technology, creativity, and storytelling in audio. The conversation covered the importance of authenticity, how AI is changing the creative landscape, and adapting consumer interests.
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Martin Lundstedt, President and CEO, Volvo Group, emphasized the company’s commitment to building a safer, more sustainable, and more productive future. He called on policymakers and industry leaders to accelerate the transition to zero emission vehicles and discussed the company’s partnership with Aurora, aimed at advancing the development of safer, self-driving vehicles.
Accenture
Julie Sweet, Chair and CEO, Accenture, discussed how data, AI, and new ways of working are transforming industries and addressing global challenges with Julia Boorstin, CNBC senior media & tech correspondent. Sweet emphasized the need for businesses to build trust in AI technologies, especially as AI becomes increasingly autonomous in a society where trust is scarce. She also highlighted Accenture’s 25th annual Tech Vision, which explores the paths leaders can take when AI is ubiquitous.
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Conference Programming
CES 2025 offered more than 300 conference sessions, exploring how tech solves some of the world’s greatest challenges.
C Space – C Space at ARIA brought together thousands of senior-level marketing professionals to explore the intersection of technology, media, and branding. Attendees heard from leading industry innovators from brands like Reddit, NBCUniversal, and Microsoft Advertising about how technology is shaping the future of storytelling, consumer engagement, and brand strategy. C Space sessions emphasized the importance of creativity and authenticity in navigating the ever-evolving digital landscape.CES Creator Space – The first-ever CES Creator Space, presented by Sony, gathered storytellers to network, create content, and relax in between visiting exhibitors. Sessions led by industry experts helped creators elevate their craft, featuring discussions on storytelling, content monetization, brand partnerships, rights and ownership, and more.Digital Health Summit brought together the entire health ecosystem to learn, network, and explore the role technology plays in advancing and reforming medicine, healthcare, and consumer wellness.Great Minds series explored the intersection of technology and humanity. Speakers included C-Suite executives, philanthropists, influencers, government leaders, entrepreneurs, venture capitalists, and more.Innovation for All Track included dedicated programming focused on ensuring all voices are represented in technology and innovation, bringing together thought leaders for a series of engagement opportunities, dynamic session content, and networking events.Innovation Policy Summit advanced CTA’s Innovation Agenda. CES brought together policymakers and government guests from around the world to discuss domestic and global tech policy issues including AI, privacy, trade, competition, and more. Conference sessions featured high-level government speakers from the White House, Department of Commerce, Department of Homeland Security, Department of Transportation, Federal Communications Commission, Federal Maritime Commission, Federal Trade Commission, and more.Mobility Stage made its debut in West Hall, exploring the future of mobility tech on the CES show floor. Topics included AI, connected vehicles, software, supply chain, and more.Quantum Means Business, a multi-session conference track developed with Quantum World Congress, gathered some of the brightest quantum minds, showcasing breakthroughs that were once confined to science fiction. Industry leaders from IBM, Microsoft, and beyond shared insights into how quantum, paired with advancements in AI and machine learning, creates unparalleled opportunities across industries.Startup Stage in Eureka Park brought together visionaries to discuss AI, health, startup funding, and more.
Celebrities at CES
Celebrity brand ambassadors like Alexis Ohanian, Denim Richards, Karlie Kloss, Maria Shriver, Mark Cuban, Martha Stewart, Meghan Trainor, Sophia Bush, Stevie Wonder, Terry Crews, Tim Meadows, Tunde Oyeneyin, and will.i.am attended the show. Read more about CES 2025 celebrity guest participation here.
Visit CES or the CES App, sponsored by Panasonic, for keynotes, sessions, and product announcements. View the high-res image gallery and download B-roll. Check out news from this week with CTA press releases including CTA’s U.S. Consumer Technology One-Year Industry Forecast, CES 2025 Green Grants, CTA 2025 Global Innovation Scorecard, CES 2025 Open, and a new investment in Quantum Word Congress.
We’ll DIVE IN again as CES returns to Las Vegas January 6-9, 2026.
About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA) ®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.
About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.
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SOURCE Consumer Technology Association
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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG
Published
9 hours agoon
January 11, 2025By
Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.
IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.
In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.
“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”
Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.
The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.
About OATUG
The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.
About KNEX Technology
KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.
Media Contact
Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/
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SOURCE KNEX Technology
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