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The global food logistics market reached a value of US$ 100.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.5 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027. 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 and regional level from 2022-2027. 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.
Regional Insights:
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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| 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) |
The global food logistics market was valued at US$ 100.1 Billion in 2021.
We expect the global food logistics market to exhibit a CAGR of 8.1% during 2022-2027.
The advent of Artificial Intelligence (AI) solution in food logistics companies, to reduce delivery times
without damaging perishable food products, is currently catalyzing the global food logistics market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of smart food logistic
solutions as they enable re-routing of the supply chain, owing to the growing consumer inclination
towards online retail platforms for the purchase of numerous food products.
Based on the transportation mode, the global food logistics market has been divided into railways,
roadways, seaways, and airways. Currently, roadways hold the majority of the total market share.
Based on the product type, the global food logistics market can be segregated into fish, shellfish, and
meat, vegetables, fruits, and nuts, cereals, bakery and dairy products, coffee, tea, and vegetable oil, and
others. Among these, fish, shellfish, and meat currently exhibit a clear dominance in the market.
Based on the service type, the global food logistics market has been bifurcated into cold chain and non-
cold chain. Currently, cold chain service accounts for the largest market share.
Based on the segment, the global food logistics market can be categorized into transportation,
packaging, and instrumentation. Among these, transportation segment holds the majority of the global
market share.
On a regional level, the market has been classified into Asia-Pacific, North America, Europe, 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, Odyssey Logistics & Technology Corporation, etc.
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