E-Commerce Of Agricultural Products Market 2021 With A Cagr Of 6.91% | Alibaba Group, JD, Yihaodian
E-Commerce Of Agricultural Products Market 2021 With A Cagr Of 6.91% | Alibaba Group, JD, Yihaodian
Published by Coherent Market Insights
Posted on October 8, 2021
E-Commerce Of Agricultural Products Market 2021 With A Cagr Of 6.91%
E-commerce of agricultural products are gaining significant traction recently due to easy accessibility. There are various products available on the e-commerce websites from seeds to heavy machinery. Development of information technology is helping farmers in growth of their agricultural business. Evolution of e-commerce platforms has reduced the costs of input and helps farmers to explore new products in the agriculture sector. Development of e-commerce websites has potential to boost five main sectors, which include agricultural input providers, agricultural producers, food manufacturing, agricultural and food wholesalers, food retailers and consumers.
Key players are adopting new product launches, merger and acquisition in order to expands its product portfolio in the global -commerce of Agricultural Products Market. For instance, In July 2019, Bank of Baroda plans to launch an online platform to its customers which offering banking services and farm-related products online across India. With this strategies the company focuses on creating a marketplace to fulfil services relating to different segments of customers daily needs and lifestyle needs.
In January 2020, Perdue Farms launches its new direct-to-consumer e-commerce website in this year. The new website will offer a selection of its product portfolio of brands include meat, produce and dairy products for sale directly to consumers through PerdueFarms.com. With this strategy company wants to strengthen its market position in the global e-commerce of agricultural products market.
Key players in Global E-commerce of Agricultural Products Market
Key players operating in the global e-commerce of agricultural products market include Alibaba Group, JD, Yihaodian, Womai, Sfbest, benlai and tootoo.
Market Dynamics
Easy accessibility of raw materials and, inputs and advanced technology for to grow crops are the key factor driving growth of the global e-commerce of agricultural products market. E-commerce platform offers advantages for agricultural products such as availability of different types of seeds & tools, comparison of quality and prices, and descriptive analysis of products. The person doesn’t have to be physically present to gather the information like in traditional practices. Farmers can sell their products on these websites without having any interference of middlemen. To decrease the input or any other cost farmers and consumers prefer to directly purchase from these e-commerce websites. According to United States Department of Agriculture (USDA) in a report on Indian Mobile and E-commerce Grocery Retail, internet users in tier 2 and tier 3 cities has grown from 4.7% in 2013, to 7% in 2014.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
E-Commerce Of Agricultural Products Market 2021 With A Cagr Of 6.91%
E-commerce of agricultural products are gaining significant traction recently due to easy accessibility. There are various products available on the e-commerce websites from seeds to heavy machinery. Development of information technology is helping farmers in growth of their agricultural business. Evolution of e-commerce platforms has reduced the costs of input and helps farmers to explore new products in the agriculture sector. Development of e-commerce websites has potential to boost five main sectors, which include agricultural input providers, agricultural producers, food manufacturing, agricultural and food wholesalers, food retailers and consumers.
Key players are adopting new product launches, merger and acquisition in order to expands its product portfolio in the global -commerce of Agricultural Products Market. For instance, In July 2019, Bank of Baroda plans to launch an online platform to its customers which offering banking services and farm-related products online across India. With this strategies the company focuses on creating a marketplace to fulfil services relating to different segments of customers daily needs and lifestyle needs.
In January 2020, Perdue Farms launches its new direct-to-consumer e-commerce website in this year. The new website will offer a selection of its product portfolio of brands include meat, produce and dairy products for sale directly to consumers through PerdueFarms.com. With this strategy company wants to strengthen its market position in the global e-commerce of agricultural products market.
Key players in Global E-commerce of Agricultural Products Market
Key players operating in the global e-commerce of agricultural products market include Alibaba Group, JD, Yihaodian, Womai, Sfbest, benlai and tootoo.
Market Dynamics
Easy accessibility of raw materials and, inputs and advanced technology for to grow crops are the key factor driving growth of the global e-commerce of agricultural products market. E-commerce platform offers advantages for agricultural products such as availability of different types of seeds & tools, comparison of quality and prices, and descriptive analysis of products. The person doesn’t have to be physically present to gather the information like in traditional practices. Farmers can sell their products on these websites without having any interference of middlemen. To decrease the input or any other cost farmers and consumers prefer to directly purchase from these e-commerce websites. According to United States Department of Agriculture (USDA) in a report on Indian Mobile and E-commerce Grocery Retail, internet users in tier 2 and tier 3 cities has grown from 4.7% in 2013, to 7% in 2014.
Contact Us:
Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com
