Food Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Food Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A924
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Market Overview:

The global food logistics market size reached US$ 106.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 167.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.22% during 2023-2028.

Food logistics involves planning, implementing, and controlling the movement of different food products and beverages within a supply chain. It comprises inbound and outbound transportation, warehousing, fleet management, material handling, order fulfilment, inventory management, and demand planning. It assists in ensuring that the food products are stored at optimum temperatures to maintain their freshness and quality. It also helps create additional value, improve efficiency, reduce costs, and cater to the consumer experience. As several restaurants, cafes, and hotels are relying on food delivery apps to deliver quick meals, there is a rise in the need for food logistics worldwide.

Food Logistics Market Trends:

There is an increase in the awareness among individuals about the benefits of ordering food products through online portals, which offer easy availability, convenience, and wide product catalogs. This, in confluence with the thriving e-commerce industry, represents one of the major factors positively influencing the demand for food logistics. In addition, rapid urbanization, busy lifestyles, considerable reliance on smartphones, rising penetration of the high-speed internet and expanding purchasing power of individuals are contributing to the market growth. Furthermore, the growing preference for ordering fresh and high-quality food products and shifting consumer inclination towards a hassle-free shopping experience is creating a positive outlook for the market. Besides this, the escalating demand for robotic solutions among food product manufacturers and retailers to perform repetitive production tasks, manage inventory, automated packaging, and monitor deliveries are fueling the market growth. Apart from this, key players are offering food logistics monitoring systems integrated with advanced technologies, such as artificial intelligence (AI), augmented reality (AR), blockchain, and the internet of things (IoT). These systems provide real-time information and predictive alerts of warehouse management, transportation, and delivery, which is offering lucrative growth opportunities to industry players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food logistics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on transportation mode, product type, service type and segment.

Breakup by Transportation Mode:

  • Railways
  • Roadways
  • Seaways
  • Airways

Roadways dominate the market as they provide quick pickups and deliveries.

Breakup by Product Type:

  • Fish, Shellfish, and Meat
  • Vegetables, Fruits, and Nuts
  • Cereals, Bakery and Dairy Products
  • Coffee, Tea, and Vegetable Oil
  • Others

Food logistics assist in maintaining the quality of fish, shellfish, and meat and improving their overall shelf-life.

Breakup by Service Type:

  • Cold Chain
  • Non-Cold Chain

The cold chain represents the most significant service type as it eliminates food safety risks and enhances food quality.

Breakup by Segment:

  • Transportation
  • Packaging
  • Instrumentation

Transportation accounts for the majority of the total market share as it aids in ensuring food safety, reducing the damage of goods and managing timely deliveries.

Regional Insights:

  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

North America holds the majority of the global food logistics market share due to the strong presence of logistics industries and continuous technological advancements in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are AmeriCold Logistics LLC, Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., Schneider National, CaseStack, A.N. Deringer, Inc., Echo Global Logistics, Inc., Evans Distribution Systems, Inc., Hellmann Worldwide Logistics SE & Co. KG, Matson Logistics, and Odyssey Logistics & Technology Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Transportation Mode, Service Type, Segment, Product Type, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered AmeriCold Logistics LLC, Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., Schneider National, CaseStack, A.N. Deringer, Inc., Echo Global Logistics, Inc., Evans Distribution Systems, Inc., Hellmann Worldwide Logistics SE & Co. KG, Matson Logistics, and Odyssey Logistics & Technology Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Food Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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