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The global food logistics market reached a value of US$ 101.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Logistics is the detailed flow of the products from the point of origin to the point of consumption to meet the requirements of corporations and consumers. It aids in planning, controlling as well as implementing the storage and flow of goods and services. It also helps to maintain a continuous supply of non-durable and durable products from various distributors and suppliers. Owing to this, logistics plays a crucial role in the food industry. Transportation and logistics providers use different equipment, expertise and technologies to control and improve the supply chain operations.
The growth of the global food logistics market is majorly driven by a rapid rise in the prevalence of e-retail in the food and retail sector. As logistics forms a significant part of the storing, transporting and delivery of the goods purchased online, this has provided a positive thrust to the market growth. Apart from this, the advent of artificial intelligence (AI) has enabled logistics companies to increase delivery efficiency. For instance, United Parcel Service (UPS), an American multinational package delivery and supply chain management company, utilizes AI algorithms for intelligent route planning. This helps in reducing delivery times without damaging perishable food products. Some of the other factors which are positively influencing the market include improving distribution networks and infrastructure in developing regions, and the adoption of new technologies by logistics providers for enhancing their business processes.
IMARC Group provides an analysis of the key trends in each sub-segment of the global food logistics market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, service type, transportation mode and segment.
Breakup by Transportation mode:
Roadways currently represent the leading segment, holding the largest market share.
Breakup by Product Type:
Fish, shellfish and meat are the most popular product type, accounting for the majority of the total market share.
Breakup by Service Type:
At present, cold chain represents the most popular service type, dominating the market.
Breakup by Segment:
Based on the segment, transportation is the leading segment across the globe.
On the geographical front, North America exhibits a clear dominance in the market.
The competitive landscape of the market has been characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
|Base Year of the Analysis||2020|
|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|
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The global food logistics market was valued at US$ 101.1 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in numerous transportation restrictions and shortage of workers, thereby disrupting the supply chain of food items.
The rising demand for ready-to-eat food products that need prevention from spillage, cross-contamination or tampering, spoilage, etc., represents one of the key factors catalyzing the global food logistics market.
Based on the transportation mode, the global food logistics market has been divided into roadways, seaways, airways, and railways, where roadways currently exhibit a clear dominance in the market.
Based on the product type, the global food logistics market can be segregated into vegetables, fruits, and nuts; coffee, tea, and vegetable oil; fish, shellfish, and meat; cereals, bakery, and dairy products; and others. Among these, fish, shellfish, and meat hold the majority of the total market share.
Based on the service type, the global food logistics market has been bifurcated into cold chain and non-cold chain. Currently, cold chain represents the largest segment.
Based on the segment, the global food logistics market can be categorized into transportation, packaging, and instrumentation. Among these, the transportation sector currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global food logistics market include 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.
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