The global food logistics market reached a value of US$ 101.1 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth 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 report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, service type, transportation mode type 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:
The global food logistics market size was valued at US$ 101.1 Billion in 2020.
According to the estimates by IMARC Group, the global food logistics market is expected to exhibit moderate growth during the next five years.
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 drivers for the global food logistics market.
The increasing availability of fresh and processed food items on e-commerce platforms represents one of the key trends in the global food logistics market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in numerous transportation restrictions, thereby disrupting the supply chain of food items.
On the basis of the transportation mode, the market has been segmented into roadways, seaways, airways, and railways. At present, roadways dominate the global market.
On the basis of the product type, the market has been bifurcated into vegetables, fruits, and nuts; coffee, tea, and vegetable oil; fish, shellfish, and meat; cereals, bakery, and dairy products; and others. Currently, fish, shellfish, and meat hold the majority of the total market share.
On the basis of the service type, the market has been divided into cold chain and non-cold chain. Among these, cold chain represents the largest segment.
On the basis of the segment, the market has been segmented into transportation, packaging, and instrumentation. At present, the transportation sector exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global food logistics market 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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at