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Agricultural E-Commerce Market Report 2022 To 2030 By Top Key Players, Types & Applications

By 1 year ago
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Agricultural E-commerce Market is presently valued at USD 30.68 Billion and is anticipated to amass a valuation of USD 50.63 Billion in 2030, amplifying at a CAGR of 7.42% over the forecast duration

The ability to simplify the agricultural value chain and lessen inefficiencies in the distribution of farm products is provided by agri e-commerce. It represents a fresh way for farmers to market their goods to a variety of consumers, agribusinesses, merchants, and restaurants. Additionally improving farmers' access to new markets, agri e-commerce also enhances value chain transparency. As a result of being able to cut out a number of middlemen, farmers might potentially earn more money, minimise waste, and provide customers with fresher produce.

E-commerce, or electronic commerce, describes business dealings involving a variety of commodities or services that are carried out electronically via the internet. Along with other things like online auctions, payment gateways, online ticketing, and internet banking options, it involves purchasing and selling consumer goods, marketplace services, and customer support.

Organizations can conduct business through e-commerce without having a physical presence, which reduces communication and potential administrative costs.

One of the few industries yet in which e-commerce has not made a substantial influence is agriculture. Several factors contribute to this, including the fact that well-established middlemen frequently control the agri supply chain, handling perishable goods presents complex logistical challenges, and the fact that most consumers still prefer to purchase their groceries in-person rather than online due to the inconsistent physical appearance of fresh produce, particularly fruit and vegetables.

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Key Trends:

Competition among players operating in the agricultural sector has surged strongly in the past few years. Offline sales have increased the pressure of supply chain, cost, and intermediaries within the entire ecosystem. E-commerce is an efficient tool for micro and medium size businesses as it is helping sellers to reduce their transportation costs, while providing them with easy access to untapped markets.

Global Agricultural E-Commerce Market: Segmental Analysis

By Deployment:

  • On-cloud
  • On-Premise

By Platform:

  • Mobile-based
  • Desktop based

The Key players operating in the marketplace:

 Yihaodian, Amazon, COFCO Group, SF Express, Benlai Holding Group, Natures Basket Limited, Supermarket Grocery Supplies Pvt. Ltd., Grofers India Pvt. LTD., Ninayo, FarmFresh, Alibaba Group, and JD.com Company.
Notably, in July 2018, Indian Farmers Fertiliser Cooperative inked a partnership deal with iMandi with an aim to develop an e-commerce platform for small scale farmers.

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Frequently Asked Questions (FAQ):

  • What is the projected market size & growth rate of the E-commerce of Agricultural Products Market?
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